All that happened in the markets today
The company's future as a going concern, as it has admitted in its results for the June quarter of 2020-21, will be crucially dependent on the SC decision on repayment tenure
From auto firms planning new launches for festive season, Rajnath Singh banning import of defence items to telcos awaiting SC response of AGR dues, here are the top ness of the day
Both companies had sought 20 years time to make payment
TRAI expects to finalise its decision on priority plans of Vodafone Idea and Airtel within two weeks of getting detailed responses on its queries from the two telcos, according to a regulatory source
Vodafone Idea's net worth has completely eroded and it faces Rs 58, 254 crore adjusted gross revenue liability
Discarding 2G is wrong, says CEO; company highlights five-point strategy to increase revenue and profit
All that happened in the markets today
Revenue market share continues to consolidate with Reliance Jio and Bharti Airtel as Vodafone Idea loses 10 million users per quarter
ARPU, at Rs 114, increased on a YoY basis, but declined sequentially despite the tariff hike in December
The result indicated the impact of the Covid-19 pandemic and the lockdown, but its overall performance was weighed down by financial stress
The company said it has recognised additional charge of Rs 19,440.5 crore in June quarter towards AGR liabilities
The country's third-largest telecom operator by subscribers reported its eighth consecutive quarterly loss of Rs 25,460 crore, compared with a loss of Rs 4,874 crore a year earlier
Although Vodafone Idea Ltd. hasn't made a profit since 2017, its shares have more than doubled in the past three months
On July 16, based on Jio's complaint TRAI had said that the premium tariff plans for post paid customers were discriminatory in nature.
The Telecom Regulatory Authority of India (Trai) source said that both the companies have been given time till August 10 to file their responses
Trai seeks explanation on August 4
Reliance Jio shares platform with Bharti Airtel to ring in 25 years of mobile telephony
Big business houses such as the Tatas, Anil Ambani, multinationals like Malaysian tycoon T Ananda Krishna of Maxis failed to create viable businesses
They said the subscribers of the plans constitute only a small portion of overall customer base