Over the last few weeks, we have been hearing a lot about Vodafone Idea Limited and its massive financial stress. The telco has to pay over Rs 53,000 crore to the government towards AGR dues. As we reported last week, Vodafone Group CEO was about to meet government officials to … Read More
Vodafone Idea Limited today announced the launch of TurboNet 4G services in Pune and Pimpri-Chinchwad (PCMC). The telco also successfully integrated Vodafone and Idea networks in both locations. Furthermore, Vodafone Idea said that Pune and PCMC is the biggest territory for the operator in Maharashtra & Goa circle, where it … Read More
Vodafone Idea is trying to clear off the cash crunch situation as the telco giant is facing a heavy financial burden. The telco giant will likely pay Rs 3,000 crore towards spectrum dues which will eliminate the stress of bank guarantees invoked by DoT. Also, the clearance of spectrum dues … Read More
A lot of things are being said about the continuation of Vodafone Idea Limited in the Indian telecom market. Thanks to the whopping Rs 57,000 crore AGR dues, Vodafone Idea is on the brink of closure, but that isn’t stopping the telco from launching new offers. In a bid to … Read More
Telecom operators have appealed the government to fix the floor tariffs rate by April 1. Also, telecom operators have asked the government to allow a three-year moratorium which would be followed by 15-year payment schedule for AGR dues along with the abolishment of bank guarantees as significant steps which would … Read More
DoT officials appealed to India’s two important MNP providers Syniverse Technologies India and MNP Interconnection Telecom Solutions India on how many porting requests the providers can process in a day, as the government is looking for alternate solutions in case if Vodafone Idea fails to pay their AGR dues. As … Read More
Vodafone Idea urged the government to give them a period of 15 years to pay their AGR dues. Also, the telco giant has asked DoT and government officials to provide a tax refund, slack their license fees and spectrum usage charges (SUC) along with the introduction of floor tariffs which … Read More
Vodafone Idea has been surrounded by cash crunch as no relief has been given by the Supreme Court. However, the telco giant might get a big mollification as Oaktree capital is planning to lend 11.5 % stake in Indus tower. However, Vodafone Idea must expect a higher rate of interest … Read More
Earlier this weekend, lenders of Vodafone Idea met with Department of Telecommunications (DoT) and stated that invoking bank guarantees will lead to defaults as the telco giant is not in the position to repay dues to the bank. Lenders also requested DoT to come up with a solution which would … Read More
The Supreme Court on Monday rejected Vodafone Idea’s proposal to pay part of their adjusted gross revenue dues and direct government not to take any coercive action against it. Senior advocate Mukul Rohatgi appearing for Vodafone Idea said they are willing to pay Rs 2,500 crore today and another 1,000 … Read More
We are yet to see the impact of the latest tariff hike from telcos on their financial and operational performance, however, we should deny the fact that the overall plan count has come down drastically. Daily data plans are still popular amongst the prepaid subscribers despite the tariff hike. Telecom … Read More
The largest network integration exercise is currently being undertaken by the third-biggest telecom operator of the country, Vodafone Idea Limited. The telecom operator has been on the task of integrating its network since the merger happened in 2018. However, until now, Vodafone Idea has been unable to accomplish the full … Read More
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