Telecom

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Telecom - Total results - 1332
Fitch Ratings takes Bharti Airtel off 'watch negative'; affirms BBB- rating with stable outlook
Business

Fitch Ratings takes Bharti Airtel off 'watch negative'; affirms BBB- rating with stable outlook

Fitch Ratings on Thursday said it has taken Bharti Airtel off 'watch negative' and affirmed the telecom operator's long-term foreign currency issuer default rating at 'BBB-' with a stable outlook

AGR dues: Vodafone Idea pays Rs 1,000 cr to telecom department; DoT to issue fresh notices to Tata Teleservices
Business

AGR dues: Vodafone Idea pays Rs 1,000 cr to telecom department; DoT to issue fresh notices to Tata Teleservices

Vodafone Idea on Thursday paid Rs 1,000 crore more to the Department of Telecommunications (DoT) towards its statutory dues, a senior official said

Transparency in tariff: Reliance Jio, Bharti Airtel, Vodafone Idea not in favour of TRAI's plan; say move will lead to customer complaints
Business

Transparency in tariff: Reliance Jio, Bharti Airtel, Vodafone Idea not in favour of TRAI's plan; say move will lead to customer complaints

In December last year, the TRAI had extended by nearly a month to 23 January the timeline for stakeholders to submit their comments on the issue of 'transparency in publishing of tariff offers'.

AGR dues: Govt should offer one-time settlement to telcos for principal due amount, waive penalties, says SC Garg
Business

AGR dues: Govt should offer one-time settlement to telcos for principal due amount, waive penalties, says SC Garg

Some telecom firms have said they were already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans.

Vodafone Idea shares surge over 38% amid reports of govt unlikely to invoke company's bank guarantees
Business

Vodafone Idea shares surge over 38% amid reports of govt unlikely to invoke company's bank guarantees

Vodafone Idea's shares on Wednesday closed over 38 percent amid reports that the government in unlikely to invoke the company's bank guarantees as of now

Sensex, Nifty clock 4th successive loss as AGR woes hit telecom, financial stocks; Bharti Airtel, IndusInd among top losers
Business

Sensex, Nifty clock 4th successive loss as AGR woes hit telecom, financial stocks; Bharti Airtel, IndusInd among top losers

Equity benchmark indices Sensex and Nifty closed in the red for the fourth session in a row on Tuesday as the ongoing AGR issue weighed on telecom and financial stocks

AGR dues: Vodafone Idea Chairman Kumar Mangalam Birla meets telecom secretary Anshu Prakash
Business

AGR dues: Vodafone Idea Chairman Kumar Mangalam Birla meets telecom secretary Anshu Prakash

Amid talks of the government encashing its bank guarantee over default in payment of dues, Vodafone Idea Chairman Kumar Mangalam Birla met Telecom Secretary Anshu Prakash on Tuesday as he looked for options to keep the company afloat

Vodafone Idea stock falls over 16% after Care downgrades its rating on long-term bank facilities, NCDs
Business

Vodafone Idea stock falls over 16% after Care downgrades its rating on long-term bank facilities, NCDs

Shares of Vodafone Idea on Tuesday tanked over 16 percent due to rating downgrade on AGR dues and other issues of the company

Care downgrades rating on Vodafone Idea's long-term bank facilities, non-convertible debentures
Business

Care downgrades rating on Vodafone Idea's long-term bank facilities, non-convertible debentures

Vodafone Idea on Monday said Care Ratings has downgraded the rating on its long-term bank facilities and non-convertible debentures.

AGR dues: Vodafone Idea says will 'immediately' pay Rs 2,500 cr to DoT; Tata Teleservices makes Rs 2,197 cr payment
Business

AGR dues: Vodafone Idea says will 'immediately' pay Rs 2,500 cr to DoT; Tata Teleservices makes Rs 2,197 cr payment

Vodafone Idea Ltd (VIL) has said its board has authorised the company to immediately pay Rs 2,500 crore, a portion of its statutory dues, to the telecom department on Monday

Payment of AGR dues by telecom companies to bring down fiscal deficit to 3.5% in current fiscal, says economists
Business

Payment of AGR dues by telecom companies to bring down fiscal deficit to 3.5% in current fiscal, says economists

Payment of adjusted gross revenue dues of Rs 1.20 lakh crore by telcos will reduce the fiscal deficit for 2019-20 to 3.5 percent of the GDP from the revised estimate of 3.8 percent of the GDP, economists at SBI said on Monday

AGR dues: Supreme Court refuses to accept Vodafone's proposal to pay Rs 2,500 cr by today
Business

AGR dues: Supreme Court refuses to accept Vodafone's proposal to pay Rs 2,500 cr by today

The Supreme Court Monday rejected telecom firm Vodafone's proposal to pay Rs 2,500 crore by the end of the day and Rs 1,000 crore by Friday against Adjusted Gross Revenue (AGR) dues, while also refusing its plea that no coercive action be taken against it

Bharti Airtel pays Rs 10,000 cr AGR dues to telecom department; balance amount to be paid after self-assessment
Business

Bharti Airtel pays Rs 10,000 cr AGR dues to telecom department; balance amount to be paid after self-assessment

After Supreme Court rap and the government's stringent deadline, Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards statutory dues

AGR woes: DoT asks telcos to clear dues by midnight after SC rap; withdraws order of no coercive action against defaulting firms
Business

AGR woes: DoT asks telcos to clear dues by midnight after SC rap; withdraws order of no coercive action against defaulting firms

The telecom department has withdrawn its order that asked for no coercive action against telecom companies defaulting on statutory dues payment after the Supreme Court on Friday took a strong view of non-compliance with its order

Bharti Airtel raises additional $250 mn via perpetual bonds, offers yield of 5.65%
Business

Bharti Airtel raises additional $250 mn via perpetual bonds, offers yield of 5.65%

Airtel is among the few domestic companies, including Reliance and SBI, to issue perpetual bonds which do not prescribe a maturity date but can go up to 100 years

Vodafone Idea shares tank over 23% after company reports widening of losses to Rs 6,439 cr in Q3; m-cap drops by Rs 2,988 cr
Business

Vodafone Idea shares tank over 23% after company reports widening of losses to Rs 6,439 cr in Q3; m-cap drops by Rs 2,988 cr

Shares of Vodafone Idea (VIL) on Friday tumbled nearly 19 percent after the company reported widening of losses to Rs 6,438.8 crore in the third quarter of 2019-20

AGR woes: Is there no law left in this country, asks SC; summons MDs of telcos, takes strong note of non-compliance of its order
Business

AGR woes: Is there no law left in this country, asks SC; summons MDs of telcos, takes strong note of non-compliance of its order

The Supreme Court on Friday directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them for non-compliance of its order to pay adjusted gross revenue (AGR) of Rs 1.47 lakh crore to the Department of Telecommunications

Vodafone Idea's losses widen to Rs 6,439 cr in December quarter; AGR-hit telco flags 'material uncertainty'
Business

Vodafone Idea's losses widen to Rs 6,439 cr in December quarter; AGR-hit telco flags 'material uncertainty'

Vodafone Idea (VIL) ability to continue as a going concern is essentially dependent on a positive outcome of its modification application in the Supreme Court on the AGR matter and any relief from the Telecom Department on payments

Vodafone Idea losses widen to Rs 6,438.8 cr in December quarter on increase in finance cost, higher depreciation
Business

Vodafone Idea losses widen to Rs 6,438.8 cr in December quarter on increase in finance cost, higher depreciation

Vodafone Idea on Thursday reported widening of losses to Rs 6,438.8 crore in October-December 2019 against Rs 5,004.6 crore in the year-ago period as the AGR dues-hit telco reeled under the impact of increased finance costs and higher depreciation of assets

AGR dues: 'We have sought 10 years to make payment on principal with a 2-year moratarium', says Vodafone CEO
Business

AGR dues: 'We have sought 10 years to make payment on principal with a 2-year moratarium', says Vodafone CEO

Vodafone in November wrote off the carrying value of its share in the loss-making joint venture