Page 40 - Vodafone Idea

Market Wrap, Feb 20: Sensex down 153 pts, Nifty below 12,100

On the sectoral front, IT stocks bled the most, followed by FMCG and media counters. On the other hand, PSU bank stocks advanced the most

AGR dues: Vodafone Idea has paid Rs 1,000 crore to DoT, say sources

Earlier this week, the telecom company had paid Rs 2,500 crore and said it would pay Rs 1,000 crore more by the end of the week

Vodafone Idea extends gains for second day, soars 66% from Tuesday's low

Meanwhile, Bharti Airtel hit the high of Rs 550 in Thursday's early morning deals

Market Ahead, February 20: Top factors that could guide markets today

According to analysts, the Nifty is witnessing firm support in sub -12,100 zone

DoT still working on final AGR dues due to varying accounting practices

Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT

Not just telcos, even customers are struggling with poor signals

Consumer rants about bad mobile networks are nothing new but the whole thing can assume new significance in these volatile times

Who gains if Voda-Idea fails

Jio, which is not burdened with legacy network and user base, may find it easier to increase its capacity to accommodate Voda-Idea subscribers faster

Govt should offer one-time settlement to telcos, waive penalties: S C Garg

Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties. The massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues are pushing telecom firms to the brink. In a blog titled 'Rebuilding Telecom Business in India', Garg said the telecom crisis in India is not just limited to AGR-related issues. "Offer a one-time settlement scheme to the telecom companies (both operating and under resolution) to pay the principal due amount as per the AGR definition as contained in the licensing agreements and waive the penal interest and penalties. "Alternatively, appoint a board for Vodafone Idea Ltd by ousting the current board on the lines of action taken in the case of IL&FS and DHFL and secure a moratorium of some time on servicing of loans and government dues," he said. Garg noted that the telecom

What are AGR dues and how it threatens Vodafone-Idea's very existence

Shares of Vodafone Idea jumped 48 per cent to Rs 4.49 on the BSE on Wednesday on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now

AGR dues: Vodafone Idea on the brink as DoT may invoke bank guarantees

Solicitor General's view sought after SC refuses relief; telcos pay a fraction of the total AGR dues

Market Wrap, Feb 19: Sensex ends 429 pts higher, Nifty at 12,126

Shares of Vodafone Idea jumped as much as 48 per cent to Rs 4.49 on the BSE on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now

Vodafone Idea reverses losses, jumps 48% on heavy volumes

According to media reports, the government is unlikely to invoke Vodafone Idea's bank guarantees for now.

Top 10 biz headlines: Jet gets another EoI, PFC-REC merger stuck, and more

This is the third EoI that Jet has received in the second round of bidding

Voda Idea: As threat of closure looms, Kumar Mangalam Birla meets DoT secy

Sources said a Cabinet meeting scheduled for Wednesday would discuss the telecom issue

UTI MF, Nippon India MF side pocket Vodafone Idea exposure of Rs 413 cr

In December 2018, regulator Sebi had permitted mutual funds to create segregated portfolios, or side-pocketing, with respect to debt and money market instruments

Market Wrap, Feb 18: Indices off day's low, Sensex ends 161 pts lower

Ailing telecom player Vodafone Idea slipped over 11 per cent to Rs 2.91 apiece on the BSE after the Supreme Court dismissed its plea seeking relief from revocation of its bank guarantee

Vodafone Idea default can raise India's fiscal deficit by 40 bps

The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn

Vodafone Idea declines 15% on credit rating downgrade; tanks 44% in 7 days

The stock was trading close to its all-time low price of Rs 2.61 touched on November 15, 2019.

Telcos expect ARPU to more than double by 2021; steep hike in bills likely

Clearly with the financial stress of telcos getting aggravated with the large imposts that they have to fork out due to the AGR order immediately, much of the bill will have be passed on to customers.

Top 10 biz headlines: Vodafone Idea on the brink, Mistry moves SC, and more

In a day of twists and turns, the government received Rs 14,697 crore from three companies out of the telecom sector's total dues linked to adjusted gross revenue estimated at Rs 1.47 trillion