Supreme Court allows reassessment of Vodafone Idea's AGR fees, boosting the telecom operator facing financial strain. Government's equity infusion and consumer protection are key factors. Shares surge on the news.
High Court addresses Vodafone Idea's (Vi) AGR dues issue, urging resolution. DoT seeks ₹9,450 crore. Court sets hearing for Sept 26. Government seeks more time. Vodafone Idea financial problems.
Telcos Vi and Airtel challenge DoT's additional AGR dues demands post-SC order. Dispute centers on reassessment concerns and accounting completion. AGR dues and telecom firms are key.
Indian government seeks $1B investment for Vodafone Idea (Vi) to reduce debt and maintain telecom market stability. Discussing AGR relief and stake dilution to attract investors and ensure Vi's survival.
Mobile tariffs in India may rise 10-12% by year-end, impacting mid- and higher-paying customers due to increased active users. Experts suggest tiered pricing strategies.
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 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.
Bharti Airtel seeks clarity on converting AGR dues into equity for a level playing field. Plans to expand home broadband and data centers despite reduced mobile network investments. Reports revenue growth.
"Smartphone penetration and growing data usage have been the largest contributors to accelerating revenue growth for telecom companies even though subscriber addition has been relatively modest," said Balaji Subramanian, vice president at equity research firm IIFL Securities.
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".
