Vodafone Idea may pay part of AGR dues to stay afloat
Besides pleas for relief at Supreme Court, telco wants to show its intent to honour payment obligations.
DoT examining if January 23 legal deadline for AGR payment applies to non-telecom PSUs
Telcos Airtel and Vodafone Idea are legally bound to c...
Buzzing stocks: Vodafone Idea, YES Bank, Bharti Airtel, SBI
The NSE Nifty index was trading 17.90 points down at 12,337.60.
Jio widens its subscriber base, Vodafone Idea falls further: Trai
Among the three access service providers, Reliance Jio added the highest number of 5.6 million wireless subscribers, while Bharti Airtel saw a nominal net addition of 1.6 million, according to subscriber data for November 2019 released by the Telecom Regulatory Authority of India (TRAI) on Thursday.
Rs 4,500 crore mutual fund money at stake in Voda Idea; Templeton markdown hits 6 schemes
The telco’s survival will now depend on its ability to garner funds to pay the statutory dues.
Alarmed RBI seeks govt relief for telcos to avoid bad loans
Banks like YES, IndusInd, SBI, ICICI and PNB appear to have high exposures to Vodafone Idea.
Setback for Vodafone Idea and Bharti Airtel as Supreme Court dismisses AGR review petitions
The Supreme Court has rejected Vodafone Idea, Bharti Airteland Tata Teleservices plea to review its October 24 verdict widening the definiti...
Telecom, retail help Reliance offset modest energy gains
Earnings growth was 5 per cent higher than consensus quarterly EPS estimates.
Vodafone Idea's ability to compete in market may weaken: Moody's
Vodafone Idea said it is "exploring further options, including filing of a curative petition".
Vodafone Idea may seek more time from Supreme Court to pay dues
The telco had filed a review petition, hoping for a reduction in penalties, which account for 75% of the dues.
The Week That Was: Airtel shines, Voda tanks; Infy, Piramal on a high; YES hit hard
Here are the top stocks and sectors that created all the buzz on Dalal Street this past week.
Share market update: Telecom shares mixed; Vodafone Idea plunges 25%
The S&P BSE Telecom index was trading 0.34 per cent up at 1146.37 .
Airtel expresses disappointment over AGR plea rejection; evaluating filing curative petition
“While respecting the Hon’ble Supreme Court’s decision, we would like to express our disappointment as we believe the long standing disputes raised regarding the AGR definition were bonafide and genuine,” Airtel said in a statement.
Stocks in the news: RIL, Bharti Airtel, TCS, YES Bank, Vodafone Idea and HCL Tech
Sources told PTI that no AGR demand notice was served either on GAIL or PowerGrid.
What Supreme Court’s decision could mean for telcos
If the verdict doesn’t go in telcos’ favour, they will have to pay Rs 1.47 lakh crore of licence fees (over Rs 92,000 crore), spectrum usage charge (SUC), interest and penalties by January 23. Vodafone Idea and Airtel will be the worst hit, with dues of over Rs 53,000 crore and Rs 35,500 crore, respectively.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service