Indian telecom sector moving to a virtual duopoly is not a desirable development
The Supreme Court finished hearing the AGR case on August 24, almost a year after its verdict on the definition of the AGR
Vodafone Idea has decided to cash out by selling its 11.15 percent stake in Indus. The move comes ahead of the Supreme Court's verdict in the AGR case today
Plans to be rolled out from today
All that happened in the markets today
Trai has issued a show-cause notice to Vodafone Idea over the contentious priority plan, saying the offer lacks transparency, is misleading and not in compliance with regulatory principles
Bharti Airtel's Sunil Mittal says that, to his mind, Average Revenue Per User or ARPUs need to hit Rs 300, or double Airtel's current figure, if the industry is to stabilize
On the last day of hearing on Monday, the apex court reserves its judgment
Service tax demand can go up to Rs 20,000 crore
Such telcos should pick up AGR bill, says apex court
The regulator recently sent reminders to the two companies to submit the additional data to back their claims, the source told PTI
All that happened in the markets today
VIL has countered Trai's contention that the RedX plan, which commits higher speeds, should have been informed separately so different aspects could have been examined before such service was launched
Justice Arun Mishra said: "We want to go into the cause for initiation of insolvency against telcos under the IBC."
All that happened in the markets today
The company's future as a going concern, as it has admitted in its results for the June quarter of 2020-21, will be crucially dependent on the SC decision on repayment tenure
From auto firms planning new launches for festive season, Rajnath Singh banning import of defence items to telcos awaiting SC response of AGR dues, here are the top ness of the day
Both companies had sought 20 years time to make payment
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
Vodafone Idea's net worth has completely eroded and it faces Rs 58, 254 crore adjusted gross revenue liability