Telecom analyst Mahesh Uppal believes another area that Reliance has yet to crack is getting premium, high ARPU customers, who are still with Bharti Airtel and Vodafone Idea, into its fold
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
For Amazon, this deal could help strengthen its hold on the cloud computing space
Currently 17% of IT spend is allocated to cloud
According to media reports, US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in Vodafone Idea
The fundraising is crucial for cash-strapped Vodafone Idea to pay government dues and invest in upgrading its network
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The company plans to raise capital in one or more tranches by way of a public issue, preferential allotment, private placement, including a qualified institutions placement, it said in a statement
The Board of Directors will meet to discuss and evaluate proposals for raising funds in one or more tranches through public issue, issue of equity shares or securities among other options
The company's board of directors is scheduled to meet on September 4, 2020 to consider and evaluate any and all proposals for raising of funds in one or more tranches
Increase in APRU can help Vodafone but rival Reliance Jio is in no mood for tariff hike yet
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
Telecom firms should charge more, improve service
Analysts say restructuring of bank loans under June 7, 2019 norms possible if only promoters agree to bring cash to the table or a new investor
Experts see the telecom sector heading towards duopoly
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The company will have to fork out Rs 30,000 crore annually to government as dues for using spectrum
Since the Supreme Court has now decided on a 10-year repayment tenure, it would clearly be a big challenge for Vodafone Idea, which is already steeped in debt
The initial impression is that Vodafone Idea will struggle to manage this level of staggered payments, given that it owes over Rs 58,000 crore