Page 10 - Telecom Companies

Voda Idea MD & CEO Ravinder Takkar to get no remuneration for 3-year tenure

Vodafone Idea Limited (VIL) may bear expenses incurred by Takkar for the business of the company, the notice for the 25th annual general meeting of the company stated

Voda Idea to seek shareholders' nod to raise borrowing limit to Rs 1 trn

VIL will also seek shareholders' nod to create charge or mortgage or hypothecate on the company's properties up to the limit of Rs 1 trillion

Vodafone decides to stick with no-equity plan after decade of washout

UK telecom giant has invested over $16.4 billion in the country, but hardly made any returns for its UK shareholders

Bharti Airtel launches 'unlimited' broadband plans starting at Rs 499

Airtel said its new and revised plans will be rolled out from September 7 across 125 cities where the company has operations, and in new cities where it will gradually expand its footprint

Telecom, automobile companies lead earning downgrades, shows data

The financial sector has seen earnings downgrade of nearly 30 per cent amid uncertainty over NPAs build-up

Vodafone Idea board agrees to raise Rs 25,000 cr through share sale, debt

The fund raising will help the company to get its finances back on track as it takes several steps to cut operational costs

Voda Idea shares jump 30% ahead of board meet to consider fund raising

The stock jumped 26.74 per cent to close at Rs 12.56 on the BSE. During the day, it zoomed 29.96 per cent to Rs 12.88 - its 52-week high

AGR verdict: Will Voda Idea survive? Answer lies in ability to raise funds

Increase in APRU can help Vodafone but rival Reliance Jio is in no mood for tariff hike yet

AGR case: Professional managers face bigger risk if telcos default

The Bench led by Justice Arun Misra observed that should telcos fail to pay up, it would lead to penalty, interest, and contempt of court

SC makes CEOs liable if telecom companies fail to pay AGR dues

CEO asked to furnish personal guarantee within four weeks; order alarms professional managers

SC gives telcos 10 yrs to clear AGR dues, NCLT to decide on spectrum sale

The Supreme Court finished hearing the AGR case on August 24, almost a year after its verdict on the definition of the AGR

Jio takes on rivals, rolls out new broadband plans starting at Rs 399

Plans to be rolled out from today

Telecom firms await SC verdict on AGR dues; judgment likely this week

Apart from approving a relaxed payment schedule to pay the dues, SC verdict is also likely to seal the future of Vodafone Idea

Telecom stocks rally; Vodafone Idea surges 17%, Bharti Airtel up 2%

The telecom companies are awaiting the Supreme Court's judgement in the adjusted gross revenue (AGR) case

AGR case: Spotlight on treatment of public resources under IBC framework

The lawyers representing the insolvent telecom companies have held that they never claimed spectrum as an asset

AGR case: SC seeks details of spectrum sharing between RCom, Reliance Jio

Spectrum is a government property, not private, and anyone using it is liable to pay the dues, the apex court said

Telecom firms evolving into digital networks a positive sign: Trai chairman

Large telecom companies are using artificial intelligence, big data and machine learning in a significant way already to improve services and optimise resources, R S Sharma said

SC asks Centre to prepare plan for recovering AGR dues from bankrupt telcos

Justice Arun Mishra said: "We want to go into the cause for initiation of insolvency against telcos under the IBC."

TRAI decision on priority plans within 2 weeks of telcos' reply: Report

TRAI expects to finalise its decision on priority plans of Vodafone Idea and Airtel within two weeks of getting detailed responses on its queries from the two telcos, according to a regulatory source

Telecom can't afford duopoly: Jindal asks govt to ensure Voda Idea survives

Vodafone Idea's net worth has completely eroded and it faces Rs 58, 254 crore adjusted gross revenue liability