Reliance Jio and UV Asset Reconstruction Company Limited were the highest bidders for RCOM assets at the CoC meeting held on January 13, 2019
Officials said the amount was not much to have any bearing on the fiscal position
With significant discrepancies cropping up in the AGR math, the industry may be facing a fresh round of dispute
Vodafone Idea's payment in particular assumes significance as the company has been under tremendous financial pressure and is confronted with AGR liabilities of over Rs 53,000 crore
In India, Reliance Jio has approached the government to start 5G mobile network trials based on the technology and design that it has developed in-house
The move comes on the heels of Jio deciding to broaden its 5G trial runs with Chinese giant Huawei Technologies, Ericsson, and Nokia Networks
Vodafone Idea said adjustment of GST credit due from the government could help in meeting its AGR payment
It wants to push the pedal on more than doubling its monthly acquisition of 2G customers from competing telecom companies.
Vodafone Idea and Airtel lost 3.6 million and 11,050 users, respectively
The telecom department officials remained tightlipped after the high-level meeting on Sunday
Inclusion of non-telecom income in the overall calculation means the higher the oil price, the bigger the AGR share of the government
The CoC will also put to a vote asset bids received from UV Asset Reconstruction Company
Consumer rants about bad mobile networks are nothing new but the whole thing can assume new significance in these volatile times
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
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
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.
A slowing economy pushes the two to come together to develop a joint engagement platform for rural consumers
Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain
Holding firm to pick up Rs 14,000 cr AGR tab of Tata Tele, which only has Rs 200 cr of cash surplus as on Dec 2019
Vodafone has 304 million subscribers of which 45 per cent are data subscribers