Contrary to general consensus, Vodfaone Idea (VIL) informed that the board has approved conversion of interest on delayed payment of spectrum and Adjusted Gross Revenues (AGR) dues to the Government into equity. Key points to note The option was available to the Company in line with the telecom relief package announced by the Government in … Read more
As per newspaper reports, Vodafone Idea (VIL) mentioned the following in an internal investors’ call – Equity funding, including from promoters is set to be tied up by March 2022. Company is targeting an annual capex of about $2 bn, which is 4x of the current annual capex of $500 mn. Both these communications are … Read more
All indications seem to be suggesting this. Jio recently decided to follow Airtel and Vodafone-Idea in raising the tariffs. Industry was not sure whether this would happen, as Jio may want to continue going aggressive in attracting customers from the competitors. Whereas Sunil Mittal (Airtel) has been calling for peace, for the first time Mukesh … Read more
In July 2021, Airtel was the first telecom company to raise tariffs after the Jio led bloodbath over the last 4-5 years. It had then raised tariffs for the post paid customers. The raise was significant and for some enterprise customers it was as high as 50%. Now Airtel has again taken the lead and … Read more
Airtel takes a step ahead in 5G and rolls out #5GforBusiness for selective enterprise customers to demonstrate 5G use cases using high speed and low latency networks. In tie-up with consulting and technology companies such as Accenture, AWS, CISCO, Ericsson, Google Cloud, Nokia, TCS, Airtel is testing 5G solutions with enterprises such as Apollo Hospitals, … Read more
The Department of Telecommunications (DoT) has asked Bharti Airtel, Vodafone Idea and Reliance Jio to inform the government by October 29 whether they would opt for the four-year moratorium on adjusted gross revenue- (AGR-) related dues, which is part of the relief package approved last month. Further, three months have been given to service providers … Read more
Telecom Department (TD) has asked Airtel to pay Rs 1,050 crore and Vodafone Idea (VIL) Rs 2,000 crore within 3 weeks. Key points to note – Penalties are being imposed on the Companies for allegedly breaking licence terms by denying Reliance Jio Infocomm their networks in 2016. The Telecom Regulatory Authority of India (Trai) had … Read more
On September 28, 2021, there was a media report that Promoters may invest Rs 10,000 crore in Vodafone Idea (VIL). The report quoted the source of information to be the government (Department of Telecommunication). However, on September 29, 2021, the Company denied that there is any such proposal under consideration by the board. Key points … Read more
Govt has just announced the much needed relief for the telecom sector. Click here for the key announcements Telecom industry in general has been very appreciative of the announced measures. Sunil Bharti Mittal of Airtel in his usual style has been more expressive than the competition and has taken the opportunity to call for truce … Read more