The move comes even as its rivals Bharti Airtel and Vodafone Idea have said they will avail the four-year moratorium on payment of dues
The telecom tribunal TDSAT did not hear any matter listed before it for Tuesday, including the Rs 3,050-crore cumulative penalty case of Bharti Airtel and Vodafone Idea. "All concerned are hereby informed that the Hon'ble Tribunal would not sit today i.e. on 26th October, 2021," a TDSAT notice said. However, the TDSAT notice did not specify any reason. The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) bench headed by Justice Shiv Kirti Singh had on October 12, listed the matter for hearing on October 26, and had asked to not encash the bank guarantee "till the next date". As per the Department of Telecom (DoT), companies were required to pay the penalty by October 21. Bharti Airtel and Vodafone Idea moved the telecom tribunal to challenge the Telecom Department's demand notices for payment of Rs 3,050 crore cumulative penalties in the points of interconnect matter. DoT had slapped a penalty of Rs 2,000 crore on Vodafone Idea and Rs 1,050 crore on Bharti Airtel based
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The company's debt continues to remain high and its current financial flexibility continues to remain strained
Reliance Jio's mobile base stands at 443.8 million, that of Bharti Airtel's is 354.1 million and Voda Idea 271 million
Telcos have been given time till October 29 to communicate whether they wish to avail a moratorium on payment of spectrum dues and AGR
Board has approved the exercise of the option of deferment of the company's spectrum auction instalments for a period of 4 years (Oct 2021 to Sept 2025)
Telecom operator Vodafone Idea (VIL) and smart world and communication business of engineering and construction conglomerate Larsen and Toubro (L&T) have joined hands for a pilot project to test 5G-based smart city solutions, according to a statement. This is part of the ongoing 5G trials on government-allocated spectrum. Announcing the collaboration in a joint statement, the companies said the pilot project would be set up in Pune on government-allocated 5G spectrum to visualise and analyse smart city applications. The companies will collaborate to test and validate 5G use cases built on Internet of Things (IoT), Video AI (Artificial Intelligence) technologies leveraging L&T's Smart City platform - fusion, addressing the challenges of urbanisation, safety and security and offering smart solutions to the citizens. Vodafone Idea's Chief Enterprise Business Officer, Abhijit Kishore said, telecom solutions are the backbone of building smart and sustainable cities. "The advent of .
Bharti Airtel, Vodafone Idea, and Reliance Jio get 3 months to inform DoT on equity conversion
It has also given 90 days' time to the operators to indicate if they want to opt for converting the interest amount pertaining to the moratorium period into equity
Telecom tribunal TDSAT on Tuesday asked the Department of Telecom to put on hold the encashment of bank guarantees in the penalty case of Bharti Airtel and Vodafone Idea till the next date of hearing.
Indemnity bond to be furnished by the firm and other interested party
Ambrish Jain superannuated after 20 years of service
Underperformance may continue on price hike delay, launch of JioPhone
Airtel has to pay Rs 1,050 crore and Vodafone Idea Rs 2,000 crore, says report.
The telecom reforms announced by government recently will enable Vodafone Idea (Vi) to invest in new technology and services, including 5G, the company's Non-Executive Chairman Himanshu Kapania said
Addressing shareholder queries at company AGM Vi's chairman Himanshu Kapania said the exact amount will be worked out upon the submission of a new business plan.
Escorts and Vodafone Idea can rally up to 25-30 per cent; while AU Small Finance Bank, Bank of Baroda and REC too can deliver double-digit returns.
The govt has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of Vodafone Idea said
As of now, there's no clarity on whether the government stake would be limited to 26 per cent or if it could go up much further