Vodafone Idea seeks Supreme Court’s relief on Rs 45,000 cr AGR dues

VIL’s efforts to revive continue. After recent conversion of equity by Govt, the Company has now petitioned the Supreme Court (SC). Petition is to waive more than Rs 45,000 cr of AGR dues, primarily related to interest and penalties. In addition to the principal amount of Rs 12,797 crore in AGR dues, VIL is liable … Read more

Like Vodafone, Airtel wants government to convert dues into equity

Airtel’s move comes in the wake of the government recently raising its stake in Vodafone Idea to over 49%. The telecom reform package announced in September 2021 allowed telcos to defer spectrum and AGR (Adjusted Gross Revenue) dues for four years. It also provided the option to the operators to convert interest on these deferred … Read more

MTNL makes bank loan default disclosure

MTNL in a regulatory filing has said that it has defaulted on bank loans worth Rs 8,346.24 cr from seven public sector banks. As can be noted, the disclosure related to the defaults occurring during August 2024 to February 2025. The information therefore seems to be already discounted in the stock price. For ease of … Read more

Airtel and Jio sign deal with Starlink

In surprise announcements, Airtel first, followed by Jio have signed deals with Elon Musk’s Starlink for high speed internet in India. Starlink’s low orbit satellite based technology provides direct internet access from space, bypassing the need for extensive ground infrastructure. It can provide speeds of up to 220 Mbps, making it a viable solution for … Read more

Mittal family sells about $1 bn of Airtel shares

Indian Continent Investment Limited (ICIL), a promoter-group entity of Bharti Airtel Limited, has today sold 0.84% shareholding (5.11 Cr shares) in Airtel through a market transaction, for an aggregate amount of Rs 8,485.11 Cr. Bharti Telecom Limited (BTL), the promoter of Airtel, anchored the trade by acquiring 1.20 Cr. shares (24% of ICIL’s sale) This … Read more