Vodafone Idea on Tuesday said that the company along with Vodafone Group, Bharti Airtel, Indus Towers and Bharti Infratel have agreed to move ahead with completion of the merger between Indus and Infratel. The company in an exchange filing on Tuesday provided the update on the Bharti Infratel and Indus Tower merger. The development would result in Vodafone Idea selling its 11.15% stake in Indus Towers for approximately Rs 4000... Read More
The Telecom Regulatory Authority of India (Trai) has been going back and forth with Bharti Airtel and Vodafone Idea Limited over the ‘priority 4G network’ plan. Trai had earlier questioned both the telcos over their ‘priority 4G network’ plan saying that the telcos should have registered the plan as a new type of offering so it could have been examined properly. Now, the regulator has issued a show-cause notice to VIL... Read More
ICICI Securities on Sunday said in a report that Vodafone Idea requires more than a 40% tariff hike in the next three years to meet its cash flow needs. The firm said that Vodafone Idea requires a cash flow of Rs 320 billion to service the deferred spectrum equated monthly instalment (EMI) payment, AGR dues, capital expenditure (Capex) and interest on bank borrowings. ICICI Securities said that Vodafone Idea requires... Read More
Ather Energy, an Indian electric vehicle company on Wednesday said that it should be ready by mid September to start swapping the Vodafone SIM card fitted on the Ather 450 with BSNL SIM card. The company behind the Ather 450 and the Ather 450X electric scooters had equipped several Ather 450s with Vodafone SIM card. The electric vehicles use data connectivity for multiple elements inside a vehicle including onboard navigation... Read More
Tom Bartlett, president and CEO of American Tower Corporation (ATC) in the earnings call on Thursday said that the Indian telecom networks are ill equipped to handle 4G levels of traffic for more than billion people. The company had earlier reported the second quarter financial results for the period ended June 30, 2020 with ATC recording an 1.2% increase in its total revenues to US$1,913 million. ATC said that its... Read More
The decline in mobile broadband subscriber base by 11.2 million in April was a negative surprise, ICICI Securities said in a report on Saturday. The report is based on the telecom subscription data released by the Telecom Regulatory Authority of India (Trai) on Thursday. The Trai report highlighted that the Indian telecom operators lost 8.23 million subscribers in April. The ICICI Securities in its report highlighted that the industry active... Read More
The Supreme Court of India on Monday reserved its order on the petitions filed by the telecom players in India seeking additional time for the payment of the statutory dues. The apex court in October, 2019, said that the statutory dues need to be calculated by adding the non-telecom revenues in Adjusted Gross Revenues (AGR). The judgement in October ended a 14 year battle between the operators and the government... Read More
Vodafone Idea said that the company on Friday had paid a further amount of Rs 1000 crore to the Department of Telecommunication (DoT) as part of its Adjusted Gross Revenue (AGR) dues. The company in its exchange filing on Saturday said that it had earlier paid a total of Rs 6854 crore in three tranches. Following the payment on Friday, Vodafone Idea highlighted that the company has now paid an... Read More
Telecom operator Vodafone Idea has finally launched the eSIM service in India. A few weeks ago, we reported the launch of the same eSIM service for LTE-enabled Apple Watches, and now, the same has been launched for Apple iPhones. In a press release, Vodafone Idea stated that the service would also be available for select Samsung handsets very soon. Although eSIM on Vodafone Idea is now available, it is limited... Read More
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Friday stayed the Telecom Regulatory Authority of India (Trai) order that required the telecom operators to withhold the premium plans promising “priority” access. The TDSAT said that the Trai directive issued to both Vodafone and Bharti Airtel “lacks even prima facie reasons” as Trai said that the suspension of plans would facilitate detailed examination. The decision by TDSAT paves way for... Read More
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Tuesday denied immediate relief to Vodafone Idea over its petition challenging Telecom Regulatory Authority of India (Trai) order on withholding its RedX plan. The third largest cellular provider in India moved TDSAT on Monday seeking a relief order against the Trai directive that required Vodafone Idea to stop providing its premium RedX plan to users. The Trai in a letter dated... Read More
Vodafone Idea on Monday filed a petition in Telecom Disputes Settlement and Appellate Tribunal (TDSAT) challenging the directive from Telecom Regulatory Authority of India (Trai) on withholding its RedX plan. The development is on the heels of the Trai letter dated July 11 asking Bharti Airtel and Vodafone Idea to stop the premium plans that promise faster data speeds to its users. According to a ET Telecom report, a Vodafone... Read More
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