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Tanay Singh Thakur July 14th, 2021 11:19 AM 0 COMMENTS

BSNL Will Pay 1% SUC to Government for Satellite Services

Bharat Sanchar Nigam Limited (BSNL) will have to pay a percentage of its adjusted gross revenue (AGR) towards the spectrum usage charges (SUC) to the government for providing satellite-based services. As per a PTI report, the Department of Telecommunications (DoT) has asked the state-run telco to pay 1% SUC for offering services based on satellite communications. At present, the state-run telco offers satellite-based communication services to several shipping companies, government... Read More

Tanay Singh Thakur July 14th, 2021 7:45 AM 13 COMMENTS

Vodafone Idea Is Actively Looking to Bring Fresh Capital

Cash-strapped Vodafone Idea Ltd (VIL) keeps on exploring various opportunities and options to raise funds, as per a board approval it received earlier on September 4, 2020. As and when such proposals are considered by the company’s board that warrant disclosures, the firm will comply with the regulations, Vodafone Idea (Vi) said in a regulatory statement. In its board meeting held last year, Vodafone Idea got approvals to raise funds... Read More

Shrijan Soni July 12th, 2021 1:15 PM 1 COMMENTS

Bharti Airtel, Reliance Jio to See Stagnant ARPU Growth in June

Telecom operators in India are witnessing a roller coaster ride in terms of mobile revenue. The renowned telecom operators Reliance Jio and Bharti Airtel are expecting to have decent sequential growth in mobile revenue and ARPU in the June quarter. However, Vodafone Idea, on the other side, is facing adversities due to default AGR dues, network issues and subscriber fall. As reported by analysts, the telco giant is set to... Read More

Arpit Sharma July 10th, 2021 11:54 AM 3 COMMENTS

Vodafone Idea Turns to $3 Billion of Private Equity Funding for Solving Cash Crunch

Vodafone Idea has been handed the short end of the stick when it comes to finances in the telecom industry. Already the tariffs are skewed towards the lower end of the spectrum, thus burning holes in the pockets of the telecom companies. Of course, some are better prepared to take the brunt, but Vodafone Idea was certainly not. The telecom company is now looking towards Private Equity investors, Apollo Global... Read More

Tanay Singh Thakur July 8th, 2021 8:30 AM 12 COMMENTS

Telecom Watchdog Wants Government to Reject VIL’s Request to Defer Rs 8,292 Crore Due Payment

Telecom Watchdog, a consumer forum and a non-governmental organisation, has urged the Government to reject beleaguered operator Vodafone Idea Ltd’s (VIL) request for more time to pay dues of Rs 8,292 crore. The not-for-profit organisation has termed VIL’s request for one-year deferment to pay the dues as “illegal”, even as it called for a forensic audit of the firm’s last 10 years’ accounts. On its part, VIL had sought to... Read More

Arpit Sharma July 5th, 2021 6:30 PM 88 COMMENTS

Vodafone Idea Requires Help From Multiple Sources to Sustain in Industry

Vodafone Idea is the worst off when it comes to telecom companies being handed the short arm. Both Vodafone India and Idea Cellular were looking forward to smooth years after synergising their assets and revenues after the Reliance Jio data revolution. However, sadly for them, the situations have only grown worse with the AGR (Adjusted Gross Revenue) issue and dues piling up on their balance sheets. In the latest revelation,... Read More

Tanay Singh Thakur July 5th, 2021 11:28 AM 1 COMMENTS

Vodafone Idea Planning to Sell Fiber Broadband Business for Raising Money

Vodafone Idea (Vi) has been on the news since the time the telco came out with its financial reports last week. The operator has even started testing 5G networks with Nokia and Ericsson. However, there’s one thing that’s become very evident - the telco’s cash flow is in a severe condition. Regardless, the recent positives, such as subscriber addition in the months of February and March, is something the telco... Read More

Tanay Singh Thakur June 4th, 2021 10:27 AM 6 COMMENTS

Indian Telecom Financial Health Grave, Needs Help: COAI

The importance of telecom services has become crystal clear amidst the lockdowns and the pandemic. For the operators to keep innovating and providing seamless services, their financial books should end on a positive note each year. However, this is not what is happening in the industry. The Indian telecom industry is cash strapped, and two of the operators, including Bharat Sanchar Nigam Limited (BSNL) and Vodafone Idea (Vi), are facing... Read More

Tanay Singh Thakur June 3rd, 2021 9:47 AM 0 COMMENTS

Aircel Lenders Approach Supreme Court Over NCLAT Order

The Committee of Creditors (CoC) of Aircel has approached the Supreme Court (SC) to overrule the order of the National Company Law Appellate Tribunal (NCLAT) that restrict them from selling the spectrum before the overall dues of the company are cleared. Because of the order, Aircel might have to move towards liquidation, which will hurt all of its lenders who are trying to recover their money from the company. To... Read More

Tanay Singh Thakur May 6th, 2021 6:55 AM 61 COMMENTS

Indian Telecom Users Can Do Without 5G, Need True 4G First

Indian telecom operators need to be at the forefront with their 4G offerings. While one operator (BSNL) in the country almost has a non-existent 4G subscriber base, the other one (Vodafone Idea) is losing subscribers quite fast. Since 5G is going to be the next big thing, the telcos and consumers both are focusing more on 5G than 4G. The truth of the matter is, Indian telecom users can do... Read More

Shrijan Soni May 4th, 2021 6:50 PM 1 COMMENTS

Vodafone Idea Ensures Lenders to Raise Rs 7,500 Crore by June 2021

Vodafone Idea (Vi) has been under heavy financial distress for a long period. However, the telecom giant has committed to its lenders that it will go ahead with the delayed fundraising amounting to nearly $1 billion (Rs 7,500 crore) by June 2021. The officials aware of the matter said that Vodafone Idea will not default on any upcoming payments. As reported by ET Telecom, one of the domestic lenders of... Read More

Tanay Singh Thakur April 15th, 2021 12:21 PM 0 COMMENTS

RCom and Aircel’s Resolution Plans in Trouble After NCLAT Judgement

Much recently, the National Company Law Appellate Tribunal (NCLAT) said that the telcos under insolvency process or Insolvency and Bankruptcy Code (IBC) can’t ‘use or transfer’ their spectrum until the time they have cleared all government dues. Because of the decision, RCom and Aircel’s resolution plans have taken a hit. According to an ET Telecom report, the lenders of Aircel and the UV Asset Reconstruction Company Limited (UVARCL) might approach... Read More