Merging state-run telcos with a nationalised Vodafone Idea could save jobs and capital. Managed professionally, it could be a credible third player.
Both Airtel and Vi lost 4.6 million and 4.3 million subscribers, respectively
The telecom company has sought an extension of the moratorium till April 2023 to pay over Rs 8,000 crore dues related to spectrum purchase
The new plans are aligned with those of Bharti Airtel, which tweaked its tariff last week
The Supreme Court observed that it has said not just once, but twice and thrice that AGR demand can't be recomputed
With sufficient assets and a healthy financial condition, Bharti Airtel can clear their dues with DoT, analysts said
Much would depend on whether the govt gives it yet another year's moratorium on Rs 8,200 cr spectrum payment due next March, and its ability to raise Rs 25,000 cr more from investors
The BSE MidCap and SmallCap indices, however, underperformed the benchmarks
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
Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today
Fund-raise set to help cash-strapped telco cut debt and pay AGR dues
The Department of Telecom is awaiting the details of investors from Vodafone Idea for clearing the telco's Rs 15,000 crore foreign direct investment proposal, an official source said on Thursday.
Airtel said it has simplified its Postpaid plans to offer industry leading data benefits backed by a 5G ready network and superior digital-first customer care
Currently, DoT allocates airwaves by administered price mechanism
Mittal had said, with Airtel setting up only two ground stations for uplinking in rural areas, the requirement for spectrum was minimal and different from terrestrial mobile services
The effort would be to firm up measures so that the telecom sector does not go down any further, an official said
ICICI Bank (up 2.7 per cent), HDFC, Axis Bank, Sun Pharma, and NTPC were the top gainers on the frontline S&P BSE Sensex
Mindtree, Tata Metaliks, Deccan Health Care, Shree Ganesh Remedies and WS Industries are among eight companies that will release quarterly earnings today
State governments had imposed lockdowns to curb the spread of the pathogen in April - a move that derailed economic activity.
Bharti Airtel added over 5.17 lakh users during the month under review, taking its subscriber base to over 35.29 crore