Voda Idea, Airtel need no relief: Jio to Ravi Shankar Prasad
Jio said in a letter dated October 31 that Ravi Shankar Prasad should not permit the Cellular Operators Association of India to mix the investment-infusing financial package for the telecom industry with the legitimate licence fee and spectrum usage charge obligations arising out of the past conduct of Airtel and Voda Idea.
Jio to telecom minister: Reject the telcos’ financial relief demand
The Cellular Operators Association of India (COAI) Tuesday sought stimulu...
Telecom stress: Secretary panel may seek legal opinion on options
Government to assess if it has right to grant waiver and whether there are ...
Jio and Airtel, Voda Idea in new face-off on AGR, sectoral crisis
COAI sought govt to bail out Airtel & Voda Idea. Jio says failure of two operators will not impact the sector.
COAI ignores member Jio's protest; seeks waiver of all past statutory dues for Airtel, Voda-Idea
COAI director-general Rajan S Mathews on October 31 shot of a second letter in as many as days to Telecom Minister Ravi Shankar Prasad seeking waiver of the "entire" amount of Rs 1.42 lakh crore due to its principal members Bharti Airtel and Vodafone Idea Ltd and other telecom operators "given the poor financial state of the sector."
RIL recast may help Jio rein in AGR-linked payments to government
Reliance's decision to split its digital and telecom businesses might save them a lot of money.
Vodafone Idea, Airtel shares jump up to 8.5% amid financial bailout buzz
The telecom sector stares at a massive payout following a Supreme Court order.
Airtel pushes back Q2 announcement to November 14 on SC-AGR ruling, seeks DoT relief
The company is approaching the DoT to seek clarity on the total amounts involved and request for their support. SC recently broadened the definition on AGR, which will add significantly to the cost of carriers such as Voda Idea & Airtel.
Asia’s richest man Mukesh Ambani emerges winner as rivals face $7 billion bill
SC's judgement backing the govt’s definition of adjusted gross revenue (AGR) has further piled up the woes for India's other telecom players except Jio. Bharti Airtel and Vodafone Idea Ltd. have racked up a combined net debt of almost $28 billion.
Supreme Court tells telecom companies to pay dues in 3 months; Government mulls relief
Vodafone Idea and Bharti Airtel, the two telcos affected most by the SC order with pending licence fee and spectrum usage charge (SUC) dues of Rs 39,000 crore and over Rs 41,000 crore, respectively, declined to comment on the three-month deadline.
Reliance Jio tops 4G download speed chart again with 21.0 Mbps speed in September: Trai
Vodafone’s 4G download speed dipped considerable from 7.7 Mbps in August to 6.9 Mbps in September. Idea’s speed on the other hand witnessed marginal improvement in the same duration from 6.1 Mbps to 6.4 Mbps.
Cabinet clears: Rs 70,000 crore plan to revive BSNL, MTNL
A group of ministers will be formed to help implement the revival plan, he said. “All efforts will be towards making the merged entity Ebidta positive within the next two years and profitable from thereon,” Prasad said.
As market hits record high, Bajaj grows wealth fastest; Ambanis, Tatas, Adanis follow
The Bajaj group are top wealth creators, with a 33.4% jump in combined market value this year. Six Adani group stocks saw a 19.27 per cent rise in the combined market value. All of them have gained so far this year.
SC ruling to have damaging implications for industry, may explore review application: Voda Idea
Expressing disappointment over the SC ruling, Vodafone Idea also exhorted the government to engage on the matter to find ways to mitigate financial stress of the industry.
Jio deplores Trai for IUC review, says move to help incumbents
Reliance Jio Infocomm has deplored Trai's discussion paper, calling it “bad in law and anti-poor".
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