NEW DELHI: Vodafone Idea, arguably the weakest player in the Indian telecom sector with loads of debts and huge legal pending, will manage to stay afloat after the Supreme CourtWhat is the decision to grant mobile operators a period of 10 years to pay outstanding AGR fees? Analysts believe so, …
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NEW DELHI: Bharti Infratel’s board approved Tuesday the long-pending merger with Indus Towers Ltd, first announced in April 2018, to create the world’s largest mobile tower operator outside of China. The deal will allow the cash-hungry Vodafone Idea Ltd to sell its 11.15% stake in Indus Towers for ₹4,000 crore, …
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Kolkata: Vodafone Idea Ltd (VIL) has decided to collect by selling its 11.15% stake in Indus Towers for more than Rs 4 billion even as Bharti Infratel decided to go ahead with closing its mega tower merger with Indus . Bharti Infratel said that the merged tower entity’s probable ownership …
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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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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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NEW DELHI: The Supreme Court on Tuesday granted telecom operators 10 years to pay fees related to adjusted gross income (AGR). The development comes as a relief to Vodafone Idea Ltd, whose survival would have been a concern even if the higher court had not staggered the payment. The company …
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Reliance Jio announced on Monday new plans for JioFiber broadband starting at a monthly price of Rs 399 with no data usage limit. Under the new plans, the Netflix entertainment app is added to the bundle of bundled apps for customers who subscribe to mid-range plans. It is by far …
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