AGR Dues: Telecoms Seek Relief from Interest, Penalty
Telecom operators, including Airtel & Vodafone Idea, seek waivers on interest & penalties related to AGR dues. Supreme Court rulings impact financial stability. Government considers options.
Vodafone Idea: AGR Dues, Equity, and Government Stake
Vodafone Idea seeks AGR dues waiver, faces financial strain. Government stake could rise to 49%. Supreme Court to hear appeal. Telecom competition concerns raised. Key issues: AGR, debt, and survival.
Airtel’s Active User Growth Surges; Jio Stagnant
Airtel added 4.7M active users in January, while Jio remained flat. Vi lost 0.7M, highlighting its financial challenges. Airtel's M2M market leadership strengthened. Active users growth
India 5G Capex Downturn: No Compelling Use Cases Yet
India's leading telcos face a 5G capex downturn due to lacking use cases and delayed monetization. Airtel & Jio focus on revenue and FWA. Vi's 5G rollout hinges on debt raise. 5G investments normalisation impacts Ericsson.
Vodafone Idea allots shares worth Rs 36,950 crore to the govt, stake in company increases to 48.99 pc
The latest development comes only weeks after VI chief executive Akshaya Moondra had appealed to Department of Telecommunications (DoT) secretary Neeraj Mittal to urgently allow equity conversion of the telco’s upcoming adjusted gross revenue (AGR) and purchase dues relating to the 2012, 2014, 2015 and 2016 spectrum auctions as the cash-strapped company braces for a spike in regulatory payouts.
Timely support by govt; will offer cash flow relief to telco: Citi on VIL dues to equity conversion
The government's decision to convert Rs 36,950 crore dues of Vodafone Idea (VIL) into equity is a "major" and "timely" display of support that will offer significant cash flow relief to the telco in the next three years and help it complete long-delayed bank debt raise, Citi said on Monday.
Telecom Disputes Settlement & Appellate Tribunal stays Trai penalties on telcos over spam menace
Telecom firms were not responsible for the delay in implementation of the regulations, including the DCA, the tribunal observed, adding: "Thus, it is unfair and arbitrary on the part of the respondent to impose financial disincentives on the appellants (telcos) for something which was beyond their control."
Telcos lose more active users in Nov, but boost data base
New Delhi: Leading telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) continued their active subscriber losing streak in November, impacted by tariff hikes in July last year and churn in low-paying users, according to brokerages.
Airtel, Vodafone Idea exit Wi-Fi JV Firefly Networks
They had reached an agreement with Singapore-based Manipura Digital Infrastructure OPCO Pte Ltd for a combined value of Rs 12.1 crore in November 2023.
Vodafone Group clears Rs 11,650 cr dues, releases pledged shares in Vodafone Idea
Earlier this month, Vodafone sold its remaining 3% stake in Indus via multiple block deals, raising around Rs 2,801.7 crore, and fully exited the Indian tower company that is now a Bharti Airtel subsidiary.
Bank guarantee waiver will ensure 4G/5G network growth: Vi
Vi, which is yet to roll out 5G services, now no longer needs to submit these bank guarantees, and the Centre’s decision now opens the space for lenders to extend much-needed credit to the struggling telco.
Vodafone Idea a big winner as Cabinet okays bank guarantee waiver: What you need to know
The Modi government’s decision to waive off bank guarantees (BGs) for deferred spectrum payments for auctions conducted from 2012 onwards is a significant relief for the telecom industry, especially for Vodafone Idea (Vi).
Jio, Airtel, Vi continue to suffer customer losses for a third time
New Delhi: Reliance Jio, Bharti Airtel and Vodafone Idea—continued to suffer major customer losses for the third month in a row in September, even as state-run BSNL continued its addition spree, following the mobile tariffs hikes by the private telcos in early July.
Customers consuming more should pay more, subs loss to BSNL reversing quickly: Vi official
During Vodafone Idea (VIL) earning call for the second quarter ended September 30, 2024, the company's CEO Akshaya Moondra said that the loss of subscribers to BSNL due to the recent tariff hike is quickly reversing because of the state-run telecom firm's "network experience".
Except for BSNL, telcos Jio, Airtel and Vi lose subscribers due to tariff hikes in August
Reliance Jio, Bharti Airtel, and Vodafone Idea suffered significant subscriber losses in August due to a sharp tariff hike in July, according to TRAI data.
Vodafone Idea inks network deal worth ₹14K cr with Ericsson
Insiders said that over the past few weeks Ericsson and South Korea's Samsung were locked in a fierce duel that resulted in the Swedish vendor bagging the plum 4G/5G gear supply contract from Vi for Delhi.
Tariff hikes could bring good & bad news for telcos
Airtel's ARPU is estimated to jump 9.2% sequentially to ₹230 in the second quarter while both Jio and Vi are likely to report 6% on-quarter uptick on this key performance metric to 193 and ₹155, respectively, ICICI Securities said.