Just when everyone had scrapped Vodafone Idea in India, its telecoms joint venture in the country sent a strong signal that it will exist, possibly for years to come. At a virtual roundtable called to announce a strategic decision by Vodafone Idea, the telecommunications company, burdened with huge losses and …
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Amid the current financial crisis, Vodafone-Idea is likely to make a strategic announcement on Monday. The telco is reportedly set to rebrand. The development comes in the context of the telecommunications company’s decision to raise up to Rs 25 billion by selling shares and debt from new investors. Vodafone Idea …
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The court finally agreed to a 10-year payment term, and investors have concluded that this gives Vodafone Idea a new life. Its shares have risen 36% since the court’s verdict was announced. And with clarity on AGR quotas, the company has said it will leverage markets to increase ₹25 billion …
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Jio and Airtel shared spectrum with bankrupt telcos The Supreme Court exempted Bharti Airtel and Reliance Jio from paying around Rs 40 billion in past fees for using the spectrum of other bankrupt telcos. In particular, Jio uses spectrum from Anil Ambani’s Reliance Communications (RCom), which has liquidity problems, while …
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Private telecommunications companies The installments must be paid before February 7 of each successive year and any default will accrue interest. Non-payment will also invite contempt of court proceedings. News18.com Last update: September 1, 2020 12:13 PM IST FOLLOW US: On Tuesday, the Supreme Court gave telecommunications companies 10 years …
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MUMBAI: The Supreme Court’s Adjusted Gross Income (AGR) ruling has dealt Vodafone Idea Ltd a massive blow, although the troubled telco is expected to survive. At least that appears to be the stock market’s verdict on the court’s ruling. Vodafone Idea shares are down about 15% compared to where they …
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On Tuesday, the Supreme Court allowed telecommunications companies to pay their adjusted gross income (AGR) installments in a staggered manner over 10 years. The Supreme Court court led by Judge Arun Mishra and made up of S Abdul Nazeer and MR Shah also ordered telecommunications companies to pay 10 percent …
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Citing a serious situation and suffering around the world ”due to the outbreak of the coronavirus disease, the Supreme Court judge, Judge Arun Mishra, on Sunday rejected the farewell invitations from the bar associations. Judge Mishra, who is retiring on September 2, is one of the banks delivering key judgments …
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