The stock surged 5 per cent to Rs 10.93 in the intra-day trade today, and has bounced back 18 per cent from Friday's intra-day low of Rs 9.27 per share.
Murmurs of big tech investments in Indian telcos have stirred up the telecom sector. These big tech-telco combinations are a threat as much as they are an opportunity
Given the high possibility of operators shying away from participation, the DoT is yet to decide on including the premium 5G spectrum in the tender.
Vodafone Idea will have to cough up an additional Rs 5,235 crore every year till 2040 to pay its remaining portion of the AGR dues.
In a report it said that after having paid Rs 6,900 crore of AGR dues, estimate is that Vodafone Idea would have Rs 6,000 crore of cash balance as of March 2020
In its affidavit, Bharti Airtel on Thursday told the court it had paid a substantial part of its AGR dues, seeking 20 years to pay the rest.
Vodafone Idea (VIL) would be the worst-affected if the AGR outstanding cannot be staggered or waived, but Bharti Airtel would also be under pressure
DoT seeks time from SC to respond to telcos replies on payment of AGR related dues by them
In this battle of ecoystems, Google desperately needs a telecom company for its plans for India
Franklin Templeton MF -- which had exposure to the debt papers of the company -- in six of its schemes (that have been wound-up) also received the payments
Creation of segregated portfolios is a mechanism to separate distressed, illiquid, and hard-to-value assets from other more liquid assets in a portfolio
Franklin Templeton MF, which had exposure to the debt papers of the company in six of its schemes (that are being wound up), also received payment.
The financially distressed Vodafone Idea has paid Rs 6,854 crore of its dues, of the Rs 58,254 crore-demand raised by the DoT. The company's own assessment, however, pegs the dues at Rs 21,533 crore
This service is available for Vodafone Postpaid customers, including Enterprise Postpaid, in Mumbai, Delhi and Gujarat
The SC has not dictated the telcos to pay the dues right away, which shows its flexibility on the matter
Payment timeline for AGR dues would be critical
The AGR issue is a 14-year-old case that had mobile operators locked in a legal battle with the government over the definition of of the term
It has also possibly thus settled a larger question in India that when a government due has been upheld, the company has to ensure it must be paid by whatever means.
Analysts say retail investors need to be wary as given the large quantum of debt on the company's books, such bets could backfire unless investors are able to efficiently time their entry and exits
ARPU gains, hopes of government intervention and upgrades for Vodafone Idea strengthen Street's view