Consolidated revenue of the company increased 0.7 per cent YoY to Rs 3,624 crore during the quarter under review
The payment was due in September 2020 under the terms of the contingent liability mechanism with Vodafone Idea
With this investment, Facebook will own 9.9 per cent stake in Jio Platforms. This would be Facebook's biggest minority shareholding ever
Analysts say investors could steer clear of stocks in the sectors that have high debt and high impact on revenues because of the Covid-19 pandemic
Data demand sees a 10% surge as people step up work from home over Covid-19, Here's how telecoms are responding to the demand and encouraging more people to work from home
A hike in tariffs is guaranteed. But it would not necessarily lead to higher ARPU
Brijendra K Syngal, who is approaching the ninth decade of his life, reminds you that telecom policy was just as tumultuous years ago as it is now.
The government, last week, had asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay.
And urgent steps to avert a cascading crisis
It's avoided by regulators in developed countries as it is considered anti-competitive and anti-consumer
Among the options likely to be deliberated tomorrow is allowing staggered payments for statutory dues for telecom industry
The battle between the government and the telecom companies over how their adjusted gross revenues (AGR) should be calculated has gone on for several years.
Inclusion of non-telecom income in the overall calculation means the higher the oil price, the bigger the AGR share of the government
The Union government is of the view that there can be a debate on the quantum of payment and penalty but not on the fact that the companies have to make the payments
According to official sources, VIL paid Rs 1,000 crore to the Department of Telecom on Thursday
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
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
The Supreme Court on Friday directed the top echelons of telecom firms to explain why contempt action should not be taken against them for non-compliance of its AGR order
'Markets and the economy are never utter perfect equilibrium.'
The telecom industry had been pinning its hopes on the Union Budget to offer some breather on licence fee and spectrum usage levies