Telecom sector is still far from the desired stability
Analysts have also revised ARPU estimates
Operating profit of Bharti Airtel, Vodafone Idea to increase by Rs 7,000- 9,500 crore
Bharti Airtel on November 26 filed a petition with the Supreme Court seeking a modification of the 90-day deadline set by the apex court to pay past statutory dues arising from AGR ruling
The reasons are myriad - maturing of markets, change in business strategy -but there is a clear indication that global firms are not willing to tolerate any more slack in India
SIM consolidation, inferior network and negative free cash flows even after hike are the key worries for the market
Telco had already paid Rs 59,467 crore as spectrum fees to the govt to date
The company has announced new plans for prepaid product and services with 2 days, 28 days, 84 days, 365 days validity
Vodafone Idea this month booked a $7 billion quarterly loss, the biggest in Indian corporate history, in large part due to provisions for payments owed
Looking back to a time when the biggest telcos and funds from across the world queued up with top dollars, many in the Indian telecom business rose up the rich list, and how
Bharti Airtel, Vodafone Idea, and Jio had urged the government to reduce the price, following which the matter went to the regulator for a review.
Telcos have reduced their tariffs so much that they earn only Rs 75 per user per month, nationally
We will not interfere in their decision to raise tariffs but if the consumer is affected due to the increase we will intervene, says a senior DoT official
While the two stocks have witnessed a relief rally, their fundamentals remain worrisome
Airtel, Vodafone Idea, Tata Tele seek waiver of interest, penalty
The credit rating has been revised to BBB- from A- on long term bank facilities and to BBB- from A- in case of non-convertible debentures
One of the review petitions has sought open court hearing in the matter
The Supreme Court had on October 24 ruled that non-telecom revenues will be included while calculating statutory dues towards the government
Review petitions are to be filed within a month of original decision which came on October 24
Here are top headlines of the day