Satellite companies are demanding spectrum free or at a nominal administered price as is done in other parts of the world. The move is being vehemently opposed by telcos through the COAI
In Q4FY21, Vodafone Idea reported a loss of Rs 7,023 crore as against Rs 4,532 crore in Q3FY21
Shares of auto companies will be in focus as firms will release their sales figures for the month of June
Report combined net sales of Rs 1.87 trn as against Rs 2.24 trn posted 5 years ago
Posts highest-ever EBITDA margin, on the back of lower operating and exceptional expenses; lags peer on ARPU
Vodafone Idea is likely to post a narrowing of losses in Q4FY21 even though subscriber losses and zero IUC regime may dent the top-line
The management's commentary on fundraising, tariff hikes, and adjusted gross revenue (AGR) case will be keenly watched, apart from the headline numbers
Airtel also announced a partnership with Tata Consultancy Services earlier in the week to implement 5G broadband network solutions in India.
Two-wheeler maker Hero MotoCorp will hike its vehicle prices by up to Rs 3,000 from July to partially offset the impact of the higher commodity prices
Vodafone Idea is looking for new investors after both its promoters have refused to infuse additional funds into the company
According to the latest data by TRAI, Bharti Airtel added 4 million subscribers to its network, followed by Vodafone Idea with 1.1 million users and Bharat Sanchar Nigam Ltd with 194,310.
The subdued trend in ARPUs is among key concerns
Vodafone Idea (Vi) on Tuesday announced that it will provide a one-time Rs 49 plan for free to its around 6 crore low-income customers to help them stay connected during this pandemic time. Additionally, Vodafone Idea customers in the target group will get almost double benefit on recharging their mobile service account with plan value of Rs 79, the company said in a statement. The scheme, covering 6 crore customers with Rs 49 recharge plan, is worth Rs 294 crore. "Vi will provide Rs 49 pack free to over 60 million low income customers due to the current situation. The pack offers talktime of Rs 38 and 100 MB data with a validity of 28 days. With this Vi is hopeful of enabling its customers to stay connected safely," the company said in a statement. Jio and Airtel have already announced relief plans for customers in select segments.
The company's subscriber base in Mumbai went up from 8.9 million in January this year to 10.47 million in February
Among individual stocks, a total of 140 of the BSE500 stocks have given negative return so far in CY2021
Telcos to start 5G trials in different locations across India and the trials will cover rural, semi-urban and urban areas
Vivek Jain returns to Vi as EVP of marketing. He worked as head of Maharashtra circle in his previous stint till October 2019
DoT had last week issued a show-cause notice to the telco over non-payment of license fee for the fourth quarter of FY21
Licence fee is payable in four quarterly instalments during each financial year
The telecom department has issued a show-cause notice to Vodafone Idea Ltd (VIL) over non-payment of licence fee for the fourth quarter of FY2020-21, with regard to some circles, sources said