Idea Cellular News
Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said
Shares of Vodafone Idea Ltd ended over 9 percent higher on Thursday after British telecom giant Vodafone Plc said it 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
Vodafone Group on Wednesday said it has accelerated a payment of $200 million (about Rs 1,530 crore) to Vodafone Idea, due in September 2020, under the terms of the "contingent liability mechanism"
The Digital Communications Commission, the apex decision-making body at the telecom department, on Friday approved a Rs 5.22 lakh crore spectrum auction plan entailing 8300 MHz of airwaves across 22 circles and the sale is likely to take place in March-April
Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability
Sources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of the Income Tax department and another Rs 6,000 crore from its Delhi office for multiple assessment years dating back to 2004-05
Nick Read, Vodafone's CEO said the company was not committing any more equity to India and the country effectively contributed zero value to the company’s share price.
Bharti Infra sets 24 December deadline for merger with Indus Towers; delay to result in lower payment to Vodafone Idea
In April 2018, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China
Reliance Industries AGM today: Where to watch Mukesh Ambani's speech; announcements on Jio Phone 3 and Jio GigaFiber rollout likely
Reliance Industries AGM today: Where to watch Mukesh Ambani's speech; expected announcements
Reliance Jio has become the country's largest telecom operator with a subscriber base of 331.3 million, surpassing Vodafone Idea
Telecom sector set to see increased hiring activity in FY20 with the advent of 5G; expects 5% increase in manpower
Telecom sector which lost over 1,00,000 employees in the last two years, is planning to recruit from companies such as Microsoft, Google, Tata Consultancy Services
The number of telecom operators has now reduced to about five from a peak of 15 in 2012, the report by domestic rating agency Crisil's research arm said
Vodafone Idea's Rs 25,000-cr rights issue opens today; company will use proceeds for future investments
Largest telco Vodafone Idea on Tuesday said its Rs 25,000-crore rights issue will open on Wednesday
Reliance Jio loss at Rs 15,000 cr if standard accounting followed, subsidies included, says brokerage Bernstein
Jio's disclosed income statements show a positive, albeit small, return on invested capital (about 3.1%)
All major telcos fail to meet service quality norms in June-September 2018; call drops higher on Idea, Vodafone networks
Idea network also failed to meet call drop norm due to around network availability parameter in Assam and North East while BSNL also failed to meet the criteria in West Bengal.
TRAI found Idea Cellular and state-run telecom firm BSNL not meeting the call drop benchmark.
TDSAT ordered TRAI to rework the predatory pricing rule within six months.
Reliance Jio has emerged as the top telecom service provider in terms of adjusted gross revenue (AGR) -- earning from mobile phone services -- at Rs 8,271 crore for the July-September quarter
Vodafone Idea estimates that sale of 11.15 percent stake in Indus Towers can realise Rs 5,000 crore, which it will use in lowering debt.
Vodafone Idea dials a massive Rs 4,973 cr loss in maiden earnings; plans Rs 25,000 cr growth war chest
Vodafone Idea, which became the largest telco with 422 million subscribers after the merger on 31 August, reported consolidated revenue of Rs 7,663 crore.
Vodafone Idea reported consolidated revenue of Rs 7,663 crore for July-September 2018 quarter