PIL filed in SC against DoT for not taking coercive action on AGR dues
The petition states that telcos have “willfully” “disobeyed” paying their AGR dues by the January 23 deadline.
Even bailout attempt won’t help Vodafone Idea compete with peers: Analysts
Analysts see the sector rapidly evolving into a private duopoly of Airtel and Jio over the next 9-12 months.
Buzzing stocks: YES Bank, Vodafone Idea, IB Housing, ICICI Bank
ICICI Bank (Rs 189.89 crore) was leading the pack of most active stocks in value terms.
Why govt should opt for public-private partnership to uplift telecom sector
There are only three big players left in the field, so Bharti Airtel and Vodafone Idea need to be able to compete with each other and with the more recent entrant, Reliance Jio. The Telecom Regulatory Authority of India (Trai) is designed more to help consumers than to play a groundsman who smoothens the turf. It is for the government to think smartly.
Ind-Ra cuts rating on Voda Idea debentures
“India Ratings and Research (Ind-Ra), has downgraded its rating on Non-Convertible Debentures of Rs. 3,500 crores of erstwhile Vodafone Mobile Services Limited (since merged with the Company),” said the telco in a regulatory exchange on Friday .
Buzzing stocks: Vodafone Idea, YES Bank, ZEEL, Bharti Airtel
Bharti Airtel (Rs 283.26 crore) was leading the pack of most active stocks in value terms.
Ind-Ra downgrades rating on Voda-Idea Rs 3,500-cr NCDs
The rating has been brought down from BBB to BBB minus
View: A $21 billion telecom war comes down to just $2
New Delhi wants nearly $21 billion in back license fees and spectrum usage charges, including penalties, interest.
Jio annual operating income may double in 2 years: CLSA
Jio added 14.8 million customers in the fiscal third quarter, and its user base stood at 370 million at the end of December.
Share market update: Telecom shares advance; Vodafone Idea surges 7%
The S&P BSE Telecom index was trading 1.07 per cent up at 1222.34 .
Buzzing stocks: Vodafone Idea, YES Bank, Axis Bank, L&T
Axis Bank (Rs 422.43 crore) was leading the pack of most active stocks in value terms.
DoT seeking Rs 3 lakh crore from GAIL, other non-telecom PSUs result of communication gap: Dharmendra Pradhan
The government's demand from such companies increased many times more than their net worth and the Centre asked them to go to the Supreme Court against such dues. While Oil India Ltd filed a clarificatory/ modificatory petition on Wednesday, GAIL approached the apex court on Thursday.
RBI cancels certificate of authorisation of Vodafone m-pesa
Last year, Vodafone Idea had decided to close m-pesa vertical following the closure of Aditya Birla Idea Payments Bank Ltd (ABIPBL), with which it was being merged.
DoT orders no coercive action on defaulting Airtel, Voda-Idea; Pradhan says non-telcos not liable
"The Director of Licensing Finance Policy Wing has issued direction that concerned departments should not take any coercive action against the licensees in case they fail to comply with the Supreme Court order, until further orders," an official source told PTI.
AGR payment: Telecom companies to wait for SC decision
Vodafone Idea informs DoT it won't make part payment today, Airtel may follow suit.
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