Vodafone introduces new Rs. 997 prepaid plan: Here’s what it offers
Technology | January 20, 2020 15:28 ISTVodafone India has unveiled a new Rs. 997 long-term prepaid plan. Here's what all it offers
Vodafone India has unveiled a new Rs. 997 long-term prepaid plan. Here's what all it offers
Bharti Infratel was the top loser on the NSE. Its stock price fell nearly 10 per cent on the AGR verdict. JM Financials in a report said that it expects a governmental intervention soon to ensure that Vodafone Idea Limited (VIL) would not have to approach the NCLT next week due to payment deadline.
Debt-ridden telecom firm Vodafone Idea on Thursday said it is exploring further options, including filing of a curative petition after the Supreme Court dismissed its review plea on AGR matter.
The Supreme Court Thursday dismissed the plea of Telecom majors, including Bharti Airtel and Vodafone Idea, seeking review of certain directions of the Supreme Court on recovery of past dues amounting to Rs 1.47 lakh crore from telecom service providers.
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Reliance Jio added over 91 lakh new subscribers in October, taking its total subscriber base to 36.43 crore, according to data released by the Telecom Regulatory Authority of India (TRAI). Interestingly, this increase in the number of subscribers for Jio comes although in the same month it announced to charge calls to other operators.
Vodafone Idea's mobile consumer base declined by around 3.63 crore to 33.63 crore in November, according to a source. The telecom operator had reported an increase of 1.89 lakh mobile customers on its network in October.
While telecom operators requested for minimum price for mobile data only, the regulator has also sought public comments on fixing minimum price for phone calls by January 17 and counter comments by January 31.
According to the data shared, highest financial disincentive of Rs 1.76 crore has been imposed on Vodafone Idea, which includes Rs 1.11 crore on account of call drop in Vodafone network and Rs 65 lakh on Idea, while minimum penalty of Rs 6.5 lakh was levied on Reliance Jio.
Vodafone Idea may raise over USD 2.5 billion from asset sales ahead of a January deadline to pay statutory dues. The company is said to be in talks to sell its optic fibre business to Brookfield Asset Management Inc and its datacentre to the Edelweiss Group.
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Airtel and Vodafone Idea have brought back unlimited voice calling to other networks.
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Vodafone-Idea may shut down soon. It is not a speculation. Vodafone Idea Limited Chairman Kumar Mangalam Birla has himself admitted to the plunging fortunes of the company. Birla on Friday said Vodafone Idea Ltd would shut down if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order.
Vodafone Idea's shares fell over 5 percent on Friday, spooked by its Chairman Kumar Mangalam Birla's statement that the telecom operator "will have to shut shop" if the government does not provide any relief.
Vodafone Idea shares crashed about 9 per cent on Friday, spooked by company's chairman Kumar Mangalam Birla statement that the teleco "will have to shut shop" in the absence of government relief. Its stock was trading 8.89 per cent lower at Rs 6.66 apiece on the BSE.
While Vodafone Idea shares dived 9.50 per cent to end at Rs 7.05 apiece on the BSE. Intra-day, the stock plummeted 13.73 per cent to hit a low of Rs 6.72.
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Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE.
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