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  Vodafone wants to make a new, good beginning in India: CEO to government

  Business | March 06, 2020 19:15 IST

  Vodafone Global CEO Nick Read has told the government that the company wants to make a new and good beginning in India, according to sources. 

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  AGR liabilities stand at Rs 21,533 crore as per self assessment: Vodafone Idea

  Business | March 06, 2020 15:07 IST

  ​Vodafone Idea on Friday said its adjusted gross revenue (AGR) liabilities stand at Rs 21,533 crore as per its self assessment, and that the calculation of dues has been filed with the telecom department.  

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  Govt asks Airtel, Vodafone Idea, others to pay balance AGR dues without delay: Sources

  Business | March 04, 2020 20:51 IST

  The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, according to sources.

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  Telcos pay over Rs 8,000 cr to govt in dues; DoT to write fresh letters to firms questioning AGR gap

  Business | March 03, 2020 20:09 IST

  Vodafone Idea, Bharti Airtel and Reliance Jio on Tuesday paid cumulative over Rs 6,000 crore to the government towards deferred spectrum dues while Tatas said it has deposited another Rs 2,000 crore for ad hoc statutory liabilities. 

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  AGR-hit Vodafone Idea wants 7-8 times hike in mobile data tariffs

  Business | February 27, 2020 19:12 IST

  Vodafone Idea has demanded fixing minimum tariffs for mobile data at Rs 35 per GB, around 7-8 times of current prices, and for calls at 6 paise per minute along with monthly charges from April 1 to enable it pay statutory dues and make its business sustainable. 

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  Vodafone Idea says 'not in a sound financial state', seeks govt support over AGR dues

  Business | February 27, 2020 18:17 IST

  Telecom firm Vodafone-Idea Thursday said that it is not a "sound financial state" and sought help from the government over the pending AGR dues. The troubled company has written to the telecom department expressing its inability to pay full AGR dues unless the government takes urgent measures.

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  iQOO, Realme fighting to become first 5G smartphone brand. But what about Jio, Airtel, Vodafone?

  Gadgets | February 27, 2020 12:08 IST

  While smartphone brands like iQOO and Realme are ready with 5G smartphones, we are still waiting for Jio, Airtel and Vodafone Idea to get ready for the future.

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  Telecom tariff hikes drive SIM consolidation: Report

  Business | February 27, 2020 10:54 IST

  Telecom tariff hikes from December last year has led to consolidation in the market-leading to gross subscriber fall, said a report from Motilal Oswal. After declining by 2.1 million in November 2019, the number of declines in active subscribers increased again by 3.5 m in December 19.

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  Vodafone Idea shares plunge over 12 percent

  Business | February 24, 2020 19:44 IST

  Shares of Vodafone Idea fell nearly 12 per cent on Monday after Bharti Infratel extended the deadline for its merger with Indus Towers by two more months to April 24.

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  Airtel Chairman Sunil Mittal: AGR issue an unprecedented crisis for telecom sector

  Business | February 20, 2020 19:30 IST

  Bharti Airtel Chairman Sunil Mittal on Thursday met Telecom Minister as AGR issue looms large on his company. After his meeting, Mittal described AGR crisis as "unprecedented" for Indian Telecom industry. Airtel has until March 17 to pay Rs 35,600 crore to the government as part of (Adjusted Gross Revenue) payment.

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  Vodafone Idea faces survival battle; Crisil, India Rating, Brickwork downgrade rating

  Business | February 20, 2020 17:01 IST

  Telecom major Vodafone Idea's survival is under serious doubt as the company's ratings have been downgraded by three agencies in the span of just two days. After India Ratings, Brickwork Ratings, Crisil on Thursday downgraded Vodafone Idea's rating on non-convertible debentures of Rs 3,500 crores.  

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  Vodafone Idea pays Rs 1,000 crore towards AGR dues

  Business | February 20, 2020 13:57 IST

  Telecom firm Vodafone Idea on Thursday paid Rs 1,000 crore to the Department of Telecommunications (DoT) towards its statutory dues. This was in addition to the part-payments Vodafone-Idea had made previously.

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  Govt should offer one-time settlement to telcos for principal amount: Ex-Telecom Secretary

  Business | February 19, 2020 22:19 IST

  Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties.

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  Vodafone Idea shares surge over 38 per cent

  Business | February 19, 2020 18:25 IST

  Vodafone Idea's shares on Wednesday closed over 38 per cent amid reports that the government in unlikely to invoke the company's bank guarantees as of now. On the BSE, the stock gained as much as 48.18 per cent to Rs 4.49 during the day.

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  'Can't say anything': Kumar Mangalam Birla on Vodafone Idea insolvency question

  Business | February 19, 2020 12:16 IST

  Vodafone Idea Chairman Kumar Mangalam Birla met telecom secretary Anshu Prakash on Tuesday amid raising concerns that the company may head to insolvency if the government takes coercive action against the telecom companies for failing to pay AGR dues.

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  AGR dues: Vodafone Idea stock falls over 11 percent

  Business | February 18, 2020 17:48 IST

  Shares of Vodafone Idea on Tuesday settled over 11 per cent down in the wake of continuing business uncertainty overpayment of statutory dues.

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  Vodafone Idea stock falls over 16% on rating downgrade

  Business | February 18, 2020 12:07 IST

  ​Shares of Vodafone Idea on Tuesday tanked over 16 per cent due to rating downgrade on AGR dues and other issues of the company. On the BSE, the stock plunged 14.91 per cent to trade at Rs 2.91 in early market hours. Later it was trading with a loss of 8.77 per cent at Rs 3.12.

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  AGR dues: Who owes what

  Business | February 17, 2020 19:12 IST

  A number of telecom firms are in troubled waters with over a massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues to pay. These include top telcos -- Bharti Airtel and Vodafone Idea -- who owe about 60 percent.

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  Telecom AGR crisis: RBI closely monitoring developments

  Business | February 17, 2020 17:51 IST

  With massive Rs 1.47 lakh crore of AGR dues pushing telecom firms to the brink, Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank is "very closely monitoring" the fallout of the crisis on lenders by way of a default, if any, by telecom players.

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  AGR dues: Vodafone Idea pays 2,500 crore; Tata Group makes payment of over Rs 2,190 crore

  Business | February 17, 2020 17:15 IST

  ​Vodafone Idea and Tata Group on Monday made part payment of about Rs 2,500 crore and over Rs 2,190 crore, respectively, to the telecom department towards statutory dues.