India launches 5G Services
NEW DELHI: Ushering in a new technological era, the Prime Minister, Narendra Modi launched 5G services in Pragati Maidan, New Delhi today. The Prime Minister also inaugurated the sixth edition of the India Mobile Congress and also witnessed the IMC Exhibition that was put on the occasion. Industry leaders expressed their views on this historic […]
Show-cause notice to VIL over not paying licence fee in 7 circles for Q4
NEW DELHI: The telecom department has issued a show-cause notice to Vodafone Idea Ltd (VIL) over non-payment of licence fee for the fourth quarter of FY2020-21, with regard to some circles, sources said. The show-cause notice dated April 7, 2021 states that the company has not paid Q4 FY21 licence fee (by March 25) for […]
Supreme Court tells Airtel, Vodafone to give TRAI details of segmented offers
NEW DELHI: The Supreme Court on Friday directed Bharti Airtel and Vodafone Idea to disclose details sought by the Telecom Regulatory Authority of India (TRAI) in connection with segmented offers. A bench headed by Chief Justice S.A. Bobde and comprising Justices A.S. Bopanna and V. Ramasubramanian said: “In the light of the above historical background, […]
Vodafone Idea’s Q2 net loss narrows to Rs 7,218 crore
NEW DELHI: Vodafone Idea has narrowed its consolidated net loss for the quarter ending September to Rs 7,218.2 crore. During the corresponding period of the last fiscal, the company had reported a consolidated net loss of Rs 50,921.9 crore. The company’s revenue from operations during the period under review was at Rs 10,786.1 crore, against […]
Vodafone lenders approve merger of Indus Towers with Bharti Infratel
NEW DELHI: British telecom major Vodafone Group on Monday said it has received an approval from its lenders, who contributed in funding for Vodafone Idea, to proceed with the merger of Indus Towers with Bharti Infratel. Vodafone Idea holds 11.15 per cent stake in Indus Towers, which is estimated to be valued at around Rs […]
Vodafone wins arbitration against India for tax demand of Rs 20,000 crore
NEW DELHI: Vodafone has won the case against India over a retrospective tax demand of more than Rs 20,000 crore. The Permanent Court of Arbitration (PCA) at The Hague has ruled that the conduct of India’s tax department is in breach of “fair and equitable” treatment. Voafone had moved the International Court of Justice (ICJ) […]
Vodafone Idea has balance dues of Rs 54,754 crore under AGR
NEW DELHI: Vodafone Idea and Bharti Airtel have balance dues under AGR to the tune of Rs 54,754 crore and Rs 25,976 crore respectively. In a written reply to a question in Rajya Sabha, Minister of State for Communications Sanjay Dhotre gave the break up of the AGR dues fixed by the Supreme Court and […]
Government doesn’t want any telco to shut down, intends to address concerns: Nirmala Sitharaman
NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said the government intends to address the concerns of the crisis-ridden telecom companies which are facing billions of dollars of fresh statutory liability following a recent Supreme Court ruling. “I want no company to shut operations. I want everyone to be up and running. We want the […]
In blow to telcos, Supreme Court asks them to pay Rs 92,000 crore to government
NEW DELHI: The Supreme Court on Thursday ruled in favour of the government on recovering adjusted gross revenue (AGR) of about Rs 92,000 crore from telecom service providers including Bharti Airtel, Vodafone, Reliance Communications and state-owned MTNL and BSNL. The setback to the telecos came as the apex court upheld the AGR definition formulated by […]