Page 32 - Telecom Industry

Under financial stress, Voda-idea to 'suitably raise tariff' from Dec 1

The company, however, did not disclose the range or details of the proposed tariff hike

Bharti Airtel hits 21-month high, surges 20% from Friday's low

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.

AGR impact: Banks nervous as losses mount for Vodafone Idea, Airtel

Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity

Voda Idea posts Rs 50,900-cr loss in Q2, the biggest in India Inc history

Saddled with $14 billion of net debt, Vodafone Idea is fighting for survival after India's top court last month ordered it to pay additional fees the government said were due from prior years

Govt wants telcos to clear AGR dues in 3 months; relief package in works

The relief package may include a cut in licence fee, a two-year moratorium on payment

Airtel submit bids for RCom spectrum; Reliance Jio seeks deadline extension

Airtel has placed a conditional bid to buy RCom's spectrum, and Bharti Infratel has submitted bids for the Anil Ambani company's mobile towers

Will review regime for foreign call termination charges, says Trai

Trai, in its consultation paper, said it would review the regulatory regime for international call termination charges that were lowered to 30 paise per minute last year

Will banks accept telcos' demand for more funding? Lenders' meet this week

According to the court order on October 24, the telecom companies have three months to pay spectrum usage charges and licence fees in the way adjusted gross revenue has been calculated by the govt

Why putting on the squeeze won't tame India's credit and fiscal woes

The government seeking $13 billion from telecom operators is a desperate attempt to squeeze money from an industry in which most players have already vanished or gone bankrupt.

India is running its telecom companies aground to fill a budget hole

High fees, frequent policy flip-flops, endless tax demands from an unsympathetic bureaucracy that treated carriers as cash cows have driven most telecom operators aground.

Vodafone denies India market exit rumour, says actively engaging with govt

The statement further noted that Vodafone is actively engaging with government and they are fully supportive of their local management as they continue to manage the joint venture

Govt likely to reject telcos' demand for 2-year spectrum fee moratorium

Recently, SC had upheld the government's definition of adjusted gross revenue (AGR) and directed telecom operators to pay up the pending dues that could add up to an estimated Rs 1.33 trillion

Another blow to telecom

Govt needs to decide what it wants to do with the sector

AGR verdict: Banks fear additional stress from telecom service providers

Intense competition among telcos had already impacted financial profile of firms and court judgment would now only add pressure to burden of paying interest and principal: Senior executive with SBI

SC's AGR verdict will have devastating impact on telecom firms, say experts

Stakeholders upset, given India's telecom tariffs are among lowest in world

Will Airtel, Vodafone have to pay Rs 50,000 cr? SC order on AGR today

The telcos contend that AGR should comprise revenue earned only from telecom services, while the DoT has been insisting that AGR should include all revenues, including those from non-core operations

Spectrum cost, dividends drying up cash flows for SE Asian telcos: Moody's

The agency expects these trends to continue through at least 2021, and does not see telecom companies generating enough cash to pay down debt and reduce elevated leverage

Will Airtel, Vodafone have to pay Rs 50,000 cr? SC order on AGR tomorrow

The telcos contend that AGR should comprise revenue earned only from telecom services, while the DoT has been insisting that AGR should include all revenues, including those from non-core operations

Good news for Jio users: No need to buy top-ups to cover increased tariff

The telco has announced three new plans that come bundled with the 6-paise-per-minute charge imposed on voice calls to other networks, so subscribers will not have pay anything additionally

Services activity falls to 48.7 in Sep; second contraction this year: PMI

India's economy has been hobbled by a demand slump, prompting policymakers to step up fiscal and monetary stimulus to revive growth