Telcos brace for Super Cyclone Amphan, ink roaming pacts, stock up diesel
Both Bharti Airtel and Vodafone Idea (VIL) have tested ICR arrangements in advance to ensure all telecom operators in the impacted states can collaborate and use each other’s networks wherever required once Amphan strikes, and people can stay connected.
Self-assessment of dues by Airtel, VIL, Tatas Rs 82,300 crore short of DoT's AGR math
Airtel, Voda Idea & Tata Group's self-assessment of AGR...
Telcos pay Rs 8,000 Cr to DoT, Vodafone Idea coughs up Rs 3k Cr
The Department of Telecommunications received about Rs 8,000 crore from telco...
Not in sound financial state; can meet liabilities only with government support: Voda Idea on AGR dues
Warning that it is "not in a sound financial state", Vodafone Idea said the company would be in a position to meet its liabilities only if the government initiates steps including allowing set offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
Vodafone Idea can exit only after NCLT okays, Registrar of Companies records deal
“The FDI nod to the Bharti Infratel-Indus merger is a huge positive for VIL to raise funds, but it will be next to impossible for the telco to monetise its Indus stake by March 17 as key approvals are still pending. These approvals would take at least a couple of months,” a senior industry executive familiar with the merger process told ET on condition of anonymity.
Vodafone Idea works towards cost efficiency
There is a clear signal that the cash-strapped telco is preparing to stay and fight in the market.
Voda Idea’s exit may increase Airtel, Jio’s opex & capex: Analysts
Analysts though said it won’t be a cakewalk for either Airtel or Jio as they would need to invest top dollars in fresh spectrum resources to boost their respective network capacities to take on VIL’s customers.
Telecom user base jumps 3.8 million in January despite higher tariffs
“RJio started offering unlimited off-net outgoing voice calls (with FUP of 1,000 minutes for 28 days) with new tariff plans, which should have helped reverse the subs net add trend,” Brokerage firm ICICI Securities said in a report.
Bharti Airtel, Vodafone Idea take steps to offer relief to Covid-hit MSMEs
Besides rental waivers on select plans for micro, small and medium enterprises, the telcos will help manage their bandwidth needs and offer customised digital tools to boost their web presence.
Vodafone group’s capital infusion into Voda Idea inadequate: Analysts
The struggling telecom operator needs a hefty capital infusion from its promoters at the earliest to clear its massive adjusted gross revenue (AGR) dues and survive, they said. VIL faces AGR-based dues of Rs 58,254 crore, of which it paid Rs 6,854 crore to the Department of Telecommunications in three tranches last month.
No more extentions for Infratel-Indus deal deadline beyond June 24: Akhil Gupta
“The merger deal has been an overhang on the company, but, the circumstances have been such that the uncertainty created has forced us to defer it and carry forward the long-stop date,” Bharti Infratel Chairman Akhil Gupta said.
Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
Vodafone has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues. The amount, however, is relatively small when seen in the context of over Rs 58,000 crore liability that the cash-strapped Vodafone-Idea faces just on account of past dues as a fallout of a Supreme Court decision.
Vodafone Plc plans reprieve for Indian JV co through fund infusion
Vodafone Group is putting in funds into Vodafone Idea to deal with operational needs.
Telecom regulator wants telcos to extend validity of all prepaid packs
Telecom service providers Airtel, Jio, Vodafone Idea and state-run BSNL had earlier extended the prepaid pack validity of their low-average revenue per user subscribers and talktime credits till up to a week after April 14-the last day of the 21-day lockdown announced last month. But no call has been taken on extending the benefits further.
Telcos warn of full service breakdown in virus hotspots
The situation, industry sources said, is particularly challenging in Delhi, Uttar Pradesh and Maharashtra where numerous locations have been notified as hotspots where the Covid-19 outbreak is severe.
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