Page 10 - Vodafone

VIL sells 11.5% stake in Indus Towers for cash consideration of Rs 3,760 cr

The stake sale follows the merger of two tower companies - Indus Tower and Bharti Infratel

Telecom to oil firms: Q2 results give no clear sign of broad revival

The economy is on the mend but sustained recovery will take time: that's the picture you get by studying the July-September quarter results of 1,286 listed companies. Devangshu Datta reads the numbers

Centre seeks time to appeal int'l arbitration award in Vodafone's favour

Additional Solicitor General (ASG) Chetan Sharma said the decision is to be taken by the empowered committee of the Central government, which has not met

Vodafone towers unit expects higher core earnings ahead of listing

The mobile operator on Tuesday will detail the prospects for Vantage Towers, which will IPO in Germany

Vodafone confirms guidance after resilient first-half amid Covid-19

Vodafone Group said it was increasingly confident about its full-year performance after a "resilient" first-half, despite underlying momentum being obscured by the impact of Covid-19

India has time till Dec-end to appeal against Voda Group arbitration award

The govt has time till Dec last week to appeal against the verdict of an arbitration panel that scrapped levy of Rs 22,100 cr tax on UK-based telecom firm Vodafone Group using a retrospective law

Bharti Airtel rings louder than Reliance Jio in net subscriber additions

It's the first time since 4G launch by Reliance; churn at all-time low of 1.7%

India to challenge Voda arbitral award? Way forward & legalities explained

The government is yet to take a call on appealing against an arbitration award relating to retrospective tax demand against British telecom player Vodafone

Attorney General not in favour of appealing against Voda arbitration award

The finance ministry, through the Central Board of Direct Taxes (CBDT), had sought the AG's opinion around September-end on the ruling

Jio fastest network with 19.3 mbps download speed; VIL tops in upload: Trai

Reliance Jio continues to remain the fastest mobile network with an average download speed of 19.3 mbps, while Vodafone recorded the highest speed in terms of upload in September

Retrospective tax: Cairn example shows why FDI in oil & gas is in a mess

The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector

Vodafone lenders approve merger of Indus Towers with Bharti Infratel

British telecom major Vodafone Group said it has received an approval from its lenders, who contributed in funding for Vodafone Idea, to proceed with the merger of Indus Towers with Bharti Infratel

Govt weighs legal options after losing Vodafone tax arbitration case

Finance Ministry sources said the government will decide on challenging the award before a court in Singapore - which was the seat of the arbitration, after taking legal opinion

Tariffs still very low, pricing revival critical for telecom sector: Birla

Telecom tariffs are "still very low" and pricing revival is critical for the long-term growth of the sector, Vodafone Idea Chairman Kumar Mangalam Birla said on Wednesday. Addressing Vodafone Idea Ltd (VIL) shareholders at the company's Annual General Meeting, Birla said the telecom industry had witnessed the first round of tariff hikes by all operators in December 2019. "However, tariffs are still very low and therefore pricing revival is critical for the long-term growth of the sector," he said. The Average Revenue Per User (ARPUs) in the Indian market continue to remain the lowest in the world, while data consumption is among the highest globally. "The verdict on the long-pending industry issue of Adjusted Gross Revenue or AGR also added to the financial woes of telecom operators... Efforts from the Government of India to soften the financial burden by recommending payment through instalments has now been upheld by the Supreme Court," Birla said. In a stock exchange filing, ...

Why the govt would be justified in not accepting the Vodafone award

At the heart of the dispute are two conflicting doctrines and what both sides need now is a face saver

Best of BS Opinion: India at UN high table, shareholders in action & more

Business Standard opinion pieces for the day, among other things, talk about the issues related to Lakshmi Vilas Bank

Vodafone conundrum and India's tax regime

The international court's ruling shows that a law amended by India's parliament has remained only on paper

Pharma secy P D Vaghela to take over as new Trai chairman from R S Sharma

The Gujarat-cadre IAS officer has also served in the state as commissioner of commercial tax. He was also instrumental in bringing GST in 2017

Telcos ask govt to auction E&V spectrum bands instead of de-licensing them

Spectrum in E&V bands can be utilised for both high-capacity access spectrum for voice and data services as well as backhaul link spectrum.

Vodafone case has cost India a lot. It is time to accept defeat and move on

It cost us more in prestige than we could hope to win and this award ends a decade-old saga that tarnished India's reputation among foreign investors