The BSE telecom index has touched a new all-time high on Thursday, suggesting positive sentiment over the next few sessions
At 01:43 pm; Bharti Airtel traded 5.4 per cent higher at Rs 731.80, with an m-cap of Rs 4.02 trillion
Venugopal Garre says there is some downside risk to the market at this juncture and investors should start looking at selectively taking money off the table
As the sector continues to remain under unsustainable financial duress, Voda Idea is hoping that the government will provide the necessary support to address all structural issues faced by the sector
With sufficient assets and a healthy financial condition, Bharti Airtel can clear their dues with DoT, analysts said
Three telecom firms - Bharti Airtel, Vodafone Idea and Tata Teleservices - had moved the apex court seeking correction in calculation errors in the DoT's AGR demand
In Q4FY21, Vodafone Idea reported a loss of Rs 7,023 crore as against Rs 4,532 crore in Q3FY21
US stocks ended lower on Tuesday as a sharp decline in telecom stocks and weak housing starts data overshadowed better-than-expected earnings from Walmart and Home Depot
Despite strong results, Home Depot's shares came under pressure due to the lack of a solid outlook and disappointing housing data.
India Ratings believes increasing data usage and rising proportion of higher ARPU data customers in the overall subscriber mix hint that even without tariff hikes, the sector is structurally strong
Vi's talks with the Oak Hill consortium have not led to a binding agreement as there were unresolved issues around funding terms, a media report said
The stock touched a high of Rs 128 and a low of Rs 101 on the NSE, where over Rs 1,500 crore worth of shares changed hands
Reliance Jio announced a range of postpaid plans, including many firsts such as in-flight mobile connectivity
In the past four trading days, shares of the company have underperformed the market by falling 10 per cent, as compared to a 2 per cent decline in the S&P BSE Sensex.
The Supreme Court has allowed telecom companies to pay their adjusted gross revenue dues dues in 10 years.
The telecom companies are awaiting the Supreme Court's judgement in the adjusted gross revenue (AGR) case
Bharti Airtel, however, was trading flat at Rs 577 on the BSE as compared to 1.1 per cent rise in the S&P BSE Sensex
Surge in traffic and digitisation trends to power revenues
The financially distressed Vodafone Idea has paid Rs 6,854 crore of its dues, of the Rs 58,254 crore-demand raised by the DoT. The company's own assessment, however, pegs the dues at Rs 21,533 crore
Analysts say retail investors need to be wary as given the large quantum of debt on the company's books, such bets could backfire unless investors are able to efficiently time their entry and exits