Fall in Vodafone Idea subscriber numbers worries promoters
The falling numbers have prompted discussions among promoters on the future of the telco, even if it were allowed by the Supreme Court to pay its adjusted gross revenue (AGR) dues over 20 years, said one of the officials.
Airtel, Vodafone Idea mobile revenue, operating income likely to dip
But both of India’s older telcos are likely to gain on margins front, courtesy lower sales, marketing costs and commissions during the pandemic, which may help narrow losses sequentially.
What the annual prepaid plans of Jio, Vodafone Idea and Airtel offer
Opting for the yearly plans saves customer from the hassle of recharging every month. The three telcos, Jio, Airtel and Vodafone Idea, offer many benefits in their annual prepaid plans.
AGR case: Vodafone Idea refuses to provide bank guarantees, says no funds
The telco told top court that licences and spectrum were the best security against AGR dues.
DoT ponders over Vodafone Idea 'spectrum as guarantee' offer
The rule currently is to accept a bank guarantee, but the department is aware that not accepting anything else — such as spectrum — could well push Vodafone Idea into bankruptcy, threatening mobile phone connections of some 300 million plus customers and thousands of jobs.
Charge incremental SUC only on shared airwaves: Telcos to Trai
Carriers also urged the authorities to look at the necessity of the SUC charge itself, given that airwaves are bought in auctions, by paying market prices.
Vodafone Idea may pay Rs 1,000-2,000 crore as upfront payment of AGR dues: ICICI Securities
“VIL can source funds from Vodafone Plc’s unpaid indemnity of Rs67 billion and can receive Rs36 billion for its Indus stake on merger between Bharti Infratel and Indus,” ICICI Securities said in a note. “…in our view (this amount) would satisfy the SC since the company’s balance sheet position would justify it as ‘reasonable’ payment.”
Nokia, Ericsson source components for India telecom gears from China
A Nokia spokesperson told ET that the Finnish gear maker “sources fab and components from 17 countries, including China as part of its global supply chain”.
Google searching for 5% in Vodafone Idea: Report
Apart from a net debt of Rs 1.03 lakh crore, the telco faces balance adjusted gross revenue (AGR) based dues of well over Rs 45,000 crore.
Telecom sector fundamentals improved in March quarter: Report
"Overall, operational trends continued to improve for the telecom sector in Q4 FY20 with ARPUs for Bharti, Vodafone-Idea and Reliance Jio rising 14 per cent, 11 per cent and 2 per cent, respectively, quarter on quarter," India Ratings said in the report. The rise in ARPU was driven by a 20 per cent tariff hike undertaken by the telcos in December 2019.
Vodafone Idea may deposit up to Rs 2,000 crore to get staggered payments benefit
Credit Suisse estimated that without access to incremental debt funding, Vodafone Idea could at best pay Rs 5,000 crore of incremental dues. The telco owes over Rs 58,000 crore in licence fees, spectrum usage charges, interest and penalties, of which it has paid almost Rs 7,000 crore.
Telcos adopting OpenRAN tech to cut network costs
OpenRAN is compatible with 2G, 3G and 4G services, with 5G expected in the future, and allows more customization of the network architecture and capabilities creating opportunities for new business lines and improving customer experience
Franklin Templeton MF receives interest payment of Rs 103 cr from Vodafone Idea
Franklin Templeton MF side-pocketed its exposure in the telecom player and from January 24, various securities issued by Vodafone Idea in the schemes were segregated from the total portfolio. Creation of segregated portfolios is a mechanism to separate distressed, illiquid and hard-to-value assets from other more liquid assets in a portfolio.
Telecom revenues from wireless services may fall in Q1: Report
Revenue of telecom service providers through wireless services is likely to fall in the first quarter of FY 20-21 due to the nationwide lockdown.
Airtel, Vodafone Idea, Reliance Jio change their operating models
Industry executives and company officials said that even the sales operations will change, with teams now targeting neighbourhoods instead of long distances to generate business leads. They are also expected to restart talks to lower network costs, with demand surging in an era where social distancing will become the norm.