Valuation gets a leg-up after bailout package
The move has been questioned by many analysts who say that if both options are taken, it will turn VIL into a government company
'I will reach out to Mukesh Ambani and speak to him and ensure that industry truly becomes role model for many other infrastructure industries in the country,' says Bharti chairman
While most brokerages have given a thumbs up to the development and suggest the provisions give some breathing space to Vodafone Idea (VI), Bharti and Reliance Jio, too, stand to gain
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The government also accepted taking equity as payment for dues
Cabinet rationalises AGR definition, excludes non-telecom revenue of telcos from payment of statutory levies, allows 100% automatic FDI in telecom sector with safeguards
Ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of Zee Entertainment Enterprises worth over Rs 225 crore
Banks led by State Bank of India have called on the Indian government to give debt-laden Vodafone Idea more time to clear its tax dues and spectrum fees
A moratorium on AGR and spectrum payments, and reduction in spectrum usage charge (SUC) and Licence Fee (LF) are reportedly among the key relief measures being lined up.
Matters are also a bit complicated since Telecom Secretary Anshu Prakash is due to retire at the end of September
The recovery officer of Debt Recovery Tribunal (DRT) on Tuesday offloaded shares worth Rs 50 lakh of McDowell Holdings Ltd through an open market transaction
As the industry continues to remain under unsustainable financial duress, the company is hopeful that the government will provide the necessary support to address all structural issues
The telecom company's operational performance has been impacted by intense competition, low tariffs and a debt of Rs 1.9 trillion leaving it with little surplus for network upgrade.
In what may come as a major relief for the telecom sector, the Union Cabinet is likely to consider and discuss a relief package for the sector on Wednesday, sources said
Ailing telecom operator Vodafone Idea has flagged the industry's "unsustainable financial duress" in its latest annual report and hoped that the government would provide the necessary support
As the sector continues to remain under unsustainable financial duress, Voda Idea is hoping that the government will provide the necessary support to address all structural issues faced by the sector
Vodafone Idea's financial stress underlined by mounting losses and rising debt is likely to impact its financial lenders and have a bearing on employees and subscribers, ICRA said on Monday
Franklin Templeton Mutual Fund has said it received a payment of nearly Rs 149 crore from Vodafone Idea Ltd as interest on its securities investment
Bharti Airtel's staggered equity capital raise may also create adequate headroom to prepare for a scenario of plausible exit of Vodafone Idea in the medium term, fear analysts