In the past one month, Bharti Airtel has slipped 12 per cent, while Vodafone Idea has dipped 23 per cent, as compared to 5 per cent decline in the S&P BSE Sensex
A lack of tariff hike visibility in the near term, success of Jio's renewed post-paid push, delayed reaction from Bharti to counter Jio will determine Airtel's stock performance, say analysts
The Supreme Court has allowed telecom companies to pay their adjusted gross revenue dues dues in 10 years.
A bearish divergence on RSI indicates that price is holding the momentum upward.
Bharti Airtel, however, was trading flat at Rs 577 on the BSE as compared to 1.1 per cent rise in the S&P BSE Sensex
The Supreme Court has given the Department of Telecommunication (DoT) time until July third week to consider the proposals by telecom companies.
The apex court questioned the Department of Telecommunications on the AGR demands raised against the public sector undertakings. The court said its order never dealt with PSUs.
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The market price of the telecom services provider was trading at its highest level since January 27, 2020.
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
In general, the exposure of banks to the entire telecom sector ranges between 10% and 30% of their total equity with Yes Bank having the highest exposure of 29% amongst private banks
With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.
Within hours of IUC announcement, TRAI released a consultation paper to fix minimum rates for mobile services, a move that can effectively end the regime of free calling and dirt cheap data
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The company is hopeful that the government will take a considerate view on SC verdict on AGR matter, given the fragile state of the industry.
SBICap Securities said VIL reported a net loss of Rs 50,921 crore on the back of provisioning for the liability arising from the Supreme Court ruling on the AGR issue
Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company
The stock, however, bounced back 24.5 per cent from day's low to hit an intra-day high of Rs 3.25 per share on reports that the government was mulling sops to revive the telecom sector.
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In another development, Reliance Jio on Wednesday attacked incumbent operators, saying it disagreed with "the threatening and blackmailing tone" of the COAI's letter against the SC's judgement on AGR