Tag: Vodafone

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 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 […]

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 […]

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