DoT seeks time from SC to respond to telcos replies on payment of AGR related dues by them
In this battle of ecoystems, Google desperately needs a telecom company for its plans for India
Franklin Templeton MF -- which had exposure to the debt papers of the company -- in six of its schemes (that have been wound-up) also received the payments
Creation of segregated portfolios is a mechanism to separate distressed, illiquid, and hard-to-value assets from other more liquid assets in a portfolio
Franklin Templeton MF, which had exposure to the debt papers of the company in six of its schemes (that are being wound up), also received payment.
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
This service is available for Vodafone Postpaid customers, including Enterprise Postpaid, in Mumbai, Delhi and Gujarat
The SC has not dictated the telcos to pay the dues right away, which shows its flexibility on the matter
Payment timeline for AGR dues would be critical
The AGR issue is a 14-year-old case that had mobile operators locked in a legal battle with the government over the definition of of the term
It has also possibly thus settled a larger question in India that when a government due has been upheld, the company has to ensure it must be paid by whatever means.
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
ARPU gains, hopes of government intervention and upgrades for Vodafone Idea strengthen Street's view
Listen to the podcast to know what Ambareesh Baliga and Abhishek Karande said on the reason behind the phenomenal surge and what should investors do at this point
The sharp rally in the past couple of weeks has been fuelled by reports that global technology giant Google is in talks to buy a 5 per cent stake in the company.
Duopoly, with only Jio and Airtel, will be unhealthy and lead to job losses in the sector
IDBI Bank has rallied 89% during the week. It has become the sixth most valued listed lender, surpassing Bandhan Bank, YES Bank and IndusInd Bank in market capitalisation ranking.
With market capitalisation of Rs 26,522 crore, Vodafone Idea stood at number 96th position in the overall m-cap ranking at 09:27 am, the BSE data shows.
Vodafone Idea's ARPU at Rs 109 is nearly 20 per cent lower than Bharti Airtel. CLSA expects the company's ARPU to grow by 30 per cent by FY22, underpinned by tariff hikes
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