Airwaves for satellite-based services should be allocated judiciously
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With competitive pressures ruling out a tariff hike and relief on dues unlikely, the debt-ridden telecom service provider's options for survival are narrowing
Vodafone Idea can raise funds through equity sale or promoters can infuse capital Telecom Watchdog said while demanding rejection of company's request seeking more time to pay dues of Rs 8,292 crore.
No government support or intervention in the matter of tariffs should be considered, says Telecom Watchdog.
Cash-strapped VIL on Friday said it is in active talks with potential investors for fundraising
Lenders want telco to put more skin in the game
Vodafone-Idea has been looking to raise around Rs 25,000 crore for the last nine months
Their debt-to-equity ratio shot up to 6.83 times from 2.3 times at the end of March 2020
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VIL had reported narrowing of consolidated loss to about Rs 7,023 crore for the quarter ended March 2021, mainly on the strength of cost optimisation.
Without fundraising, the company may not be able to meet its payment obligations over the next 12 months
Vi has approached the government to seek one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022
In its notes to the financial results for FY21 and the fourth quarter of last fiscal, the company said that the group has incurred losses of Rs 44,233.1 crore for the year ended March 31
Satellite companies are demanding spectrum free or at a nominal administered price as is done in other parts of the world. The move is being vehemently opposed by telcos through the COAI
In Q4FY21, Vodafone Idea reported a loss of Rs 7,023 crore as against Rs 4,532 crore in Q3FY21
Shares of auto companies will be in focus as firms will release their sales figures for the month of June
Report combined net sales of Rs 1.87 trn as against Rs 2.24 trn posted 5 years ago
Posts highest-ever EBITDA margin, on the back of lower operating and exceptional expenses; lags peer on ARPU
Vodafone Idea is likely to post a narrowing of losses in Q4FY21 even though subscriber losses and zero IUC regime may dent the top-line