Jio, Airtel, Vodafone Idea apply for participating in spectrum auction
NEW DELHI: Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea on Tuesday submitted applications to participate in the Rs 3.92 lakh crore spectrum auction scheduled to start from March 1, according to official sources. This round of auction will be held for 2,251.25 Megahertz (MHz) in seven frequency bands — 700 Mhz, 800 […]
Jio says Airtel, Vodafone Idea partners sabotaging network;Airtels says Jio’s allegations ‘baseless’,
NEW DELHI: Reliance Jio Infocomm Ltd (RJIL) has said that there are “blatant efforts” to sabotage its network in the garb of farmers’ protest by the channel partners of Bharti Airtel and Vodafone Idea. In letters sent to Anshu Prakash, Secretary, Department of Telecommunications (DoT) and P.D. Vaghela, Chairman, Telecom Regulatory Authority of India (TRAI, […]
Top 2 telcos consolidating market share; Vodafone Idea likely to lose revenue market share: Report
NEW DELHI: Top two telecom companies Jio and Bharti Airtel are consolidating market share moving the industry possibly towards a “near 2-player structure”, with Vodafone Idea facing the prospects of losing revenue market share (RMS) as it struggles financially, according to a report by IIFL Securities. The latest note by IIFL Securities also indicated that […]
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 Idea inks pact with IBM on data transformation
NEW DELHI: Telecom major Vodafone Idea Limited (VIL) on Tuesday announced that it has selected IBM Services to help it embrace open source at scale across the enterprise by implementing the big data platform on open source Hadoop framework. The IBM big data platform helps businesses address the “full spectrum” of big data business challenges. […]
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 […]
TRAI issues directions for tariff advertisements
NEW DELHI: In a bid to bring more transparency in telecom tariff advertisements, the Telecom Regulatory Authority of India (TRAI) on Friday issued fresh directions for advertisement of tariff plans by telecom operators. In a circular, the telecom regulator said “telecom service providers shall prominently highlight the additional terms and conditions and shall also provide […]
Vodafone Idea to offer services under new brand name ‘Vi’
NEW DELHI:In a statement, the company said that the coming together of the two brands has culminated into the largest telecom integration in the world. Launching the new brand ‘Vi’, Ravinder Takkar, MD & CEO, Vodafone Idea Limited, said: “Vodafone Idea came together as a merged entity two years ago. We have, since then, focussed […]
Trai grants Vodafone Idea time till September 8 to respond to priority plan show-cause notice
NEW DELHI:Telecom regulator Trai has granted additional time, till September 8, to Vodafone Idea to reply to its show-cause notice on priority plan, after the company sought more time to respond. The Telecom Regulatory Authority of India (Trai) last month had slapped a show-cause notice on Vodafone Idea Ltd (VIL) over its pay-more-for-priority treatment mobile […]
Vodafone Idea’s Board gives nod to raise Rs 25,000 crore
NEW DELHI:The development comes after the Supreme Court’s September 1 verdict on the Adjusted Gross Revenue (AGR) issue, wherein the top court gave a 10-year timeline to the telecom companies to repay their dues, with an upfront payment of 10 per cent by March 31, 2021. In a regulatory filing, the company said its board […]
Supreme Court gives telcos 10 years to clear AGR dues, bars any reassessment
NEW DELHI: The Supreme Court on Tuesday granted 10 years to telecom operators to clear their AGR dues, while barring them from raising any dispute or seeking reassessment of the demand raised by the Department of Telecom in respect of the dues, based on its judgment. A bench comprising Justices Arun Mishra, S. Abdul Nazeer […]
Nokia, Vodafone Idea complete 1st phase of DSR deployment in India
NEW DELHI: Nokia and Vodafone Idea today announced the successful completion of the 1st phase of world’s largest deployment of Dynamic Spectrum Refarming (DSR) in India. The companies also announced that they have deployed the country’s biggest massive Multiple Input Multiple Output (mMIMO) installation. Nokia’s dynamic spectrum refarming solution (DSR), which has been deployed across […]
Bharti Airtel to gain at the expense of Vodafone Idea, say Brokerages
NEW DELHI: Telecom czar Sunil Bharti Mittal-led Bharti Airtel may consolidate its position at the expense of Vodafone Idea Ltd as it has better balance sheet strength to deal with the eventuality of having to pay past statutory dues in case the Supreme Court rejects their review petitions, brokerages said. Airtel and Vodafone Idea have […]
Vodafone Idea to shut if no relief provided by government: Kumar Mangalam Birla
NEW DELHI: Vodafone Idea Ltd, the India’s third largest mobile service provider, will shutdown if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order, its billionaire chairman Kumar Mangalam Birla said on Friday. “If we we are not getting anything then I think it […]
Vodafone Idea believes government won’t be in conflict with Supreme Court on relief: Brokerages
NEW DELHI: Having posted India’s biggest ever quarterly loss after being forced to provision for statutory dues, Vodafone Idea believes the government will not be in conflict with the Supreme Court if it does provide any relief for payments ordered by the apex court, brokerages have said. Vodafone Idea Ltd (VIL) faces a liability of […]
AGR woes: Airtel, Voda Idea post a combined Rs 74,000 crore loss in Q2
NEW DELHI: Vodafone Idea and Bharti Airtel on Thursday reported a whopping combined loss of nearly Rs 74,000 crore in the September quarter as the leading telecom players were hit by statutory dues arising from a recent Supreme Court ruling. While Vodafone Idea posted a loss of Rs 50,921 crore — the highest-ever quarterly loss […]