Page 71 - Vodafone Idea

Voda Idea posts Rs 50,900-cr loss in Q2, the biggest in India Inc history

Saddled with $14 billion of net debt, Vodafone Idea is fighting for survival after India's top court last month ordered it to pay additional fees the government said were due from prior years

DoT asks internet services providers to give audited AGR reports by Nov 28

Officials said PGCIL, Gail, RailTel, Oil India, and DMRC are likely to be sent letters for paying the AGR that can run into crores

Liquidation of Voda-Idea may mean Rs 1.7-trillion hit for shareholders

A collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group

Policy instability reigns

Investors will see government action as primary risk

Govt objects to Voda CEO's comments on India JV being pushed to liquidation

The central government has objected to the reported comments of Nick Read, chief executive of Vodafone, that the India unit of the telecom major was headed for liquidation due to, among other factors, the Supreme Court decision requiring payment of Rs 28,300 crore as spectrum dues.According to media reports, Union telecom and communications minister Ravi Shankar Prasad spoke to Vodafone Idea chairman Kumar Mangalam Birla to express displeasure. Vodafone Plc, the parent entity, says its chief's comments were taken "out of context", presenting an incorrect picture. Vodafone Plc owns 44.3 per cent stake in Vodafone Idea; the Aditya Birla Group holds 26.5 per cent.According to the transcript of Read's utterances, he'd told analysts that due to the Supreme Court's ruling on the correct way to determine telecom company dues from their Adjusted Gross Revenue (AGR), on top of the financial stress already present, the situation of the telecom sector in India and at Vodafone Idea was a ...

Big adversities and some mistakes: The story of Vodafone's fall in India

What adds to Nick Read's worries is the Supreme Court judgment, which has directed the telcos to pay their outstanding amount within three months

No relief for telcos: Govt wants all AGR dues paid within three months

The DoT has given option to telecom operators to clear all the dues on self-assessment basis

SC's AGR order: Airtel, Vodafone Idea likely to file review petition

A government Secretaries' panel is looking at providing relief to telcos through levy reductions in licence fee and the USO Fund

Top 10 biz headlines: GDP growth estimates, Vodafone woes, and more

From govt's Rs 25,000-cr realty fund to Videocon case, here are the top ten business headlines for the day

Vodafone CEO says India venture is at risk of collapse after AGR ruling

Vodafone Group CEO wants a two-year delay on spectrum payments and lower license fees

Won't pump more capital in India until provisions change: Vodafone to govt

Vodafone entered the market in 2007 via a multibillion-pound acquisition

Vodafone Idea launches REDX postpaid plan with up to 50% faster data speed

The offering is priced at Rs 999 per month with a minimum commitment of six months.

No relief in sight for telcos: Govt may not waive $13-billion AGR dues

The government's stand about the health of the industry mirrors comments made by billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd., which has said it has a 'divergent view' from its rivals

AGR ruling: Reliance Jio advises Airtel, Voda Idea how to raise money

India's top court had last month ordered Bharti and Vodafone Idea to pay Rs 499.9 billion

Troubles faced by the telecom sector can rub-off onto mutual funds

Yields on debt instruments of Vodafone Idea rise following SC ruling

AGR ruling: COAI ignores Jio's protest; seeks full waiver of telcos' dues

The Supreme Court on October 24 upheld the government's position on including revenue from non-telecommunication businesses in calculating the annual gross revenues of telecom companies

India is running its telecom companies aground to fill a budget hole

High fees, frequent policy flip-flops, endless tax demands from an unsympathetic bureaucracy that treated carriers as cash cows have driven most telecom operators aground.

Vodafone denies India market exit rumour, says actively engaging with govt

The statement further noted that Vodafone is actively engaging with government and they are fully supportive of their local management as they continue to manage the joint venture

The telecom turmoil

Govt should address some fundamental issues

Jio says Voda Idea, Airtel have enough funds to pay dues, opposes bailout

The company rapped the Cellular Operators' Association of India for writing to the government on financial distress in the sector