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Telecom

Both Vodafone and Cairn had challenged the tax demands under bilateral investment protection treaties and initiated the arbitration

Vodafone arbitration award: India's appeal against verdict in senior court, hearing in Sept

Aug 01, 2021

The government in December applied in Singapore to set aside the award primarily on jurisdictional grounds. The proceedings have been transferred to a senior court, with a hearing date set for September

The government has found that Airnet India violated norms by transfer of licence operations (Source: PTI)

Airtel, Tata Comm, RCom, Railtel, 30 others caught violating internet services licence rules: Govt

Jul 30, 2021

Two companies -- World Gate Networks and E-Com Opportunities -- have "unauthorized Internet gateway using foreign satellites.

Vodafone Idea, which reported a net loss for the fiscal fourth quarter at Rs 6,985 crore, needs to pay up approx. Rs 9,000 crore to the DoT by March 2022

AGR Judgment: Vodafone Idea's next payment due in March, Centre doubts telco can pay up

Jul 24, 2021

Vodafone Idea had written to DoT secretary on June 25 and sought another year - till April 2023 - to meet its statutory payment obligations to the tune of Rs 8,292 crore over spectrum bought in auctions

Airtel, Vodafone Idea and Tata Teleservices had filed individual applications before the Supreme Court in January seeking clarification, modification or recall of its previous AGR judgment

'No scope for recalculation of AGR dues': SC terms Bharti Airtel, Vodafone Idea's pleas 'misconceived'

Jul 24, 2021

A three-judge SC bench headed by Justice L N Rao had on Friday quashed the telcos' petitions seeking rectification of mathematical errors in calculating their AGR dues

Vodafone reported a better-than-expected rise in first-quarter service revenue (Source: Reuters)

Vodafone intends to launch additional share buy-back programmes this month

Jul 24, 2021

The mobile and broadband operator, which has roped in Goldman Sachs as principal of the programme, said the buy-backs will start on July 26 and end by November 17

Jio's EBITDA margin was at 46.9 per cent during the quarter.

Jio Platforms net profit rises 45% to Rs 3,651 crore in Apr-Jun

Jul 23, 2021

The average revenue per user (ARPU) stood at 138.4 per subscriber per month, Reliance Industries Ltd (RIL) said.

Vodafone Idea’s Rs 15,000 crore proposal for investment through the foreign direct investment or FDI route was approved by the government

AGR judgement: Bankers expect Vodafone Idea to beef up its fundraising efforts

Jul 23, 2021

The Supreme Court today has set aside the request by telecom players like Bharti and Vodafone for arithmetic errors, which could have been a big breather in case of a favourable judgment

Experts say that the impact of the order will affect Vodafone Idea badly which is battling mounting losses and high debt. Just last month, the telco reported a net loss of Rs 6,985 crore in the March 2021 quarter

Fresh survival troubles for Vodafone Idea after the Supreme Court order

Jul 23, 2021

The court’s order has caused an immediate impact on the stock prices of Vodafone Idea. Its stock price dipped over 7.5 per cent. Airtel’s stock was trading 2.2 per cent higher over the previous day though

The Supreme Court in September last year gave 10-year time to telecom service providers struggling to pay their outstanding AGR dues to the government

AGR case: Setback for Bharti Airtel, Vodafone Idea, Tata Teleservices; SC dismisses all pleas

Jul 23, 2021

The bench of justice LN Rao and Hrishikesh Roy quashed the pleas by telecom Cos which claimed calculation errors in AGR demand

 Vodafone Idea had sought Centre's nod for the FDI in order to fund its operations in India

Vodafone Idea gets Centre's nod for Rs 15,000 cr FDI

Jul 23, 2021

The approval would help Vodafone Idea raise funds to offload some of its dues linked to adjusted gross revenue (AGR), pare debts and utilise the money for operational expenses

The Supreme Court (SC) will not pronounce its verdict on modification appeals by telcos as the bench comprising Justice Anniruddha Bose and Justice N Rao stands cancelled

AGR case: Supreme Court won't announce verdict today

Jul 22, 2021

The court in a notification said the hearing has been cancelled due to the non-availability of Justice Aniruddha Bose. Justice Bose and Justice N Rao are in the bench hearing the case