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Vodafone-Idea AGR dues settlement: Govt may hold 35.8% stake as firm moves to convert dues liability into equity
Business

Vodafone-Idea AGR dues settlement: Govt may hold 35.8% stake as firm moves to convert dues liability into equity

If the plan goes through, then the government will become one of the biggest shareholders in the company, which is reeling under a debt burden of about Rs 1.95 lakh crore.

Reliance Jio prepaid plans to be hiked by up to 20% from 1 Dec, check details here
Business

Reliance Jio prepaid plans to be hiked by up to 20% from 1 Dec, check details here

These plans will provide the best value in the industry. Upholding the Jio promise of providing the best-quality service at the lowest price globally, Jio customers will continue to be the biggest beneficiaries, Jio said

Bharti Airtel collects over Rs 5,200 crore from first tranche of payment in rights issue
Business

Bharti Airtel collects over Rs 5,200 crore from first tranche of payment in rights issue

Bharti Airtel's about Rs 21,000 crore rights issue had opened on 5 October and closed on 21 October and was oversubscribed

Teleform sector reforms to ensure fearless investment, support India's digital ambitions, says Sunil Mittal
Business

Teleform sector reforms to ensure fearless investment, support India's digital ambitions, says Sunil Mittal

Bharti Airtel said the reform package heralds a new dawn for the Indian telecom industry and will catalyse explosive growth of this vital sector

Delhi HC asks TRAI to ensure strict implementation of regulation to curb unsolicited commercial calls
News & Analysis

Delhi HC asks TRAI to ensure strict implementation of regulation to curb unsolicited commercial calls

The HC also directed telcos to ensure they strictly comply with the Telecom Commercial Communications Customer Preferences Regulations (TCCCPR) 2018 issued by Trai.

Airtel revises Rs 199 plan, now offers 1.5 GB daily data, 100 SMS per day with 24 days validity
News & Analysis

Airtel revises Rs 199 plan, now offers 1.5 GB daily data, 100 SMS per day with 24 days validity

The new Rs 199 plan is applicable at present only for users with telecom connections in the states of Andhra Pradesh, Telangana and Karnataka.

Zero IUC regime: What is IUC, how it will impact Airtel, Reliance Jio and Vodafone Idea
News & Analysis

Zero IUC regime: What is IUC, how it will impact Airtel, Reliance Jio and Vodafone Idea

The zero IUC regime was previously slated to come into effect from January 2020, but then the telecom regulator deferred its implementation till 1 January 2021.

All landline to mobile calls to be dialled with prefix ‘0’ starting 15 January: Department of Telecom
News & Analysis

All landline to mobile calls to be dialled with prefix ‘0’ starting 15 January: Department of Telecom

The Department of Telecom says that all landline users will be provided with a ‘0’ dialling facility.

Vodafone Idea issues clarification: No proposal from Google on investment, says telecom major; evaluating various opportunities
Business

Vodafone Idea issues clarification: No proposal from Google on investment, says telecom major; evaluating various opportunities

Vodafone Idea said currently there is no proposal as reported by the media that is being considered at the Board

FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal
Business

FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal

Both FIIs and domestic institutional investors (DIIs) increased stake in telecom on a quarter-on-quarter basis by 190 and 220 basis points respectively.

Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 lakh cr in FY21: ICRA
Business

Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 lakh cr in FY21: ICRA

Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry

Bharti Telecom sells 2.75% stake in Airtel for Rs 8,433 cr in secondary market; more of debt relief exercise, feel analysts
Business

Bharti Telecom sells 2.75% stake in Airtel for Rs 8,433 cr in secondary market; more of debt relief exercise, feel analysts

Promoter firm Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore, the company said on Tuesday

DPIIT asks telecom dept, BSNL to hold Rs 9,000 cr worth tender following allegations of anomalies
Business

DPIIT asks telecom dept, BSNL to hold Rs 9,000 cr worth tender following allegations of anomalies

The Department for Promotion of Industry and Internal Trade (DPIIT) has asked the telecom department and state-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies

Vodafone Idea will bounce back despite AGR stress, says Bharti Infratel chairman Akhil Gupta
Business

Vodafone Idea will bounce back despite AGR stress, says Bharti Infratel chairman Akhil Gupta

Telecom infrastructure company Bharti Infratel on Friday said it believes that Vodafone Idea will bounce back, and the entity "will be around" despite the stress faced by the operator on account of statutory dues

Bharti Infratel Q4 net profit at Rs 650 cr; company extends Indus Towers merger deadline by 2 months
Business

Bharti Infratel Q4 net profit at Rs 650 cr; company extends Indus Towers merger deadline by 2 months

Telecom infrastructure firm Bharti Infratel on Thursday reported a 7 percent increase in consolidated net profit for the March quarter at Rs 650 crore

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
Business

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

Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment
Business

Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment

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 makes Rs 1,530 cr payment to Vodafone Idea under 'contingent liability mechanism'
Business

Vodafone Group makes Rs 1,530 cr payment to Vodafone Idea under 'contingent liability mechanism'

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"

Coronavirus Outbreak: Airtel to pay April salaries of nearly 25,000 staff employed by distributors, retail franchisees
Business

Coronavirus Outbreak: Airtel to pay April salaries of nearly 25,000 staff employed by distributors, retail franchisees

Airtel has decided to pay the basic income for April to nearly 25,000 employees of its distribution partners and retail franchisee network to help them tide over the unprecedented situation arising out of the ongoing lockdown to contain the spread of Covid-19

Former Vodafone Idea executive Rahul Vatts joins Bharti Airtel as chief regulatory officer
Business

Former Vodafone Idea executive Rahul Vatts joins Bharti Airtel as chief regulatory officer

Telecom operator Bharti Airtel has appointed Rahul Vatts as the chief regulatory officer of the company