Ind-Ra downgrades rating on Voda-Idea Rs 3,500-cr NCDs
The rating has been brought down from BBB to BBB minus
Vodafone Idea, Airtel gain up to 22% as SC accepts fresh pleas on AGR dues
This implies that the telcos do not have to pay their statuary due...
Stocks in the news: Bharti Airtel, IndiaMart, ZEEL, ICICI Pru Life, Oil India and Vodafone Idea
Power Grid Corp has decided to launch an Infr...
DoT examining if January 23 legal deadline for AGR payment applies to non-telecom PSUs
Telcos Airtel and Vodafone Idea are legally bound to comply with the payment timelines stipulated by the SC.
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.
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.
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.
Disappointed with SC dismissing AGR review plea; may file curative petition: Airtel
The money now required to pay punitive interest, penalty and interest on penalty which forms nearly 75 per cent of AGR dues would have better served the digital mission of the country, Airtel added.
Huge blow to telecom cos: SC hangs up on telcos’ AGR review petitions
Voda Idea & Airtel may file curative petitions, seek more time to pay combined Rs 89,000 cr dues
Franklin debt schemes mark down Voda Idea holding
Debt schemes of Franklin Templeton, which hold bonds of Vodafone Idea worth Rs 2,049 crore, have fully marked down their entire holding in the telecom company a day after the Supreme Court rejected review petitions of various telecom companies challenging its judgement in the adjusted gross revenue (AGR) case.
SC rejects telcos' AGR plea: Airtel better placed, Voda’s survival in doubt
Telcos face over Rs 1.02 lakh crore in additional licence fees, SUC, penalties and interest.
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.
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 .
DoT to meet industry on January 6 on Budget-related issues; will 'support' cut in levies
A senior government official told that the Department of Telecom (DoT) will be "supportive" of the industry's demand for reduction in levies, both licence fee and Spectrum Usage Charges (SUC), and will formally communicate its Budget related suggestions to the finance ministry after holding a detailed consultation with the telecom players.
Bad loan provisioning may swell by Rs 30,000 crore in Q3
DHFL, Reliance Home Finance, KKR-backed CCD and CG power could add to the woes of Indian banks .
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