August 6th, 2021 12:20 AM 0 COMMENTS

Vodafone Idea and BSNL Merger Should Get Green Flag

Vodafone Idea is one company that stands on the plank with a big question over its survival. Burdened by dues which it has to pay on Adjusted Gross Revenue, spectrum allocation and other operational expenses, the company stands amidst financial ruins. Late at night on Wednesday, the billionaire, Kumar Mangalam Birla, also tendered his resignation from Vodafone Idea. Not only this, but the company’s market cap has been taking a... Read More

August 5th, 2021 8:32 PM 0 COMMENTS

Vodafone, Cairn Won’t Be Budged By Indian Govt for Taxes Anymore

Companies like Vodafone Group Plc of the UK and Cairn won’t be disturbed by the Indian government for clearing back taxes. In simple words, 'back taxes’ refer to the taxes that a company has avoided paying on a certain transaction. According to a PTI report, the Indian government has proposed a new bill in the Lok Sabha, which will withdraw tax demands on all the indirect tax transfers made on... Read More

August 5th, 2021 3:35 PM 16 COMMENTS

UK Firm Giving Away Stake in Vodafone Idea Freely to BSNL

Vodafone Plc is the another owner of the financially weak telco, Vodafone Idea, apart from Aditya Birla Group. While the latter owns a 27.66% stake in the company, the UK-based group owns 45% in the company. As per the latest reports on the matter, Vodafone Plc has said that it would offer its stake to the lenders who are willing or to the public telecom company, BSNL, for free if... Read More

August 5th, 2021 10:27 AM 11 COMMENTS

Vodafone Idea Stock Plummets Massively In Early Session

Vodafone Idea’s (Vi) troubles just don’t seem to end. The private operator’s shares have been falling continuously for consecutive days. In the early market session today, Vodafone Idea’s shares have fallen by more than 20%. Yesterday, we had reported that VI’s stock had dipped by 16% in the noon session. But today, they have fallen even further, and that is not good news for the telco’s investors. The stock had... Read More

August 5th, 2021 9:13 AM 0 COMMENTS

Bharti Airtel Ready to Monetise Stake in Airtel Payments Bank: Vittal

Bharti Airtel is ready to go ahead with monetising stake in its online banking arm - Airtel Payments Bank if such a situation arrives. It will be the telco’s way to arrange for resources in case it needs it. Neither of the operators got any relief from the adjusted gross revenue (AGR) dues decision made by the Supreme Court. While it is more devastating for Vodafone Idea, even Bharti Airtel... Read More

August 4th, 2021 7:59 PM 9 COMMENTS

Vodafone Idea Non-Exec Chairman Kumar Mangalam Birla Steps Down

Kumar Mangalam Birla is not the non-executive Chairman of Vodafone Idea Limited (VIL) anymore. Mr Birla stepped down from the position effective August 4, 2021, after the closing of business hours. Mr Himashu Kapania, current a non-executive Director of the company will be replacing Mr Birla as the non-executive Chairman. For the unaware, Mr Kapania has been in the telecom industry for more than 25 years and has served as... Read More

August 4th, 2021 4:21 PM 15 COMMENTS

Multiple Fronts Rooting for BSNL and Vodafone Idea Merger

Bharat Sanchar Nigam Limited (BSNL) is the only public telecom company in the ruthless industry of telecom in India. However, similar to Vodafone Idea, BSNL has its own story of poor financials. But now it seems that the support of BSNL is something that can save Vodafone Idea and its network. There have been talks of synergy between BSNL and Vodafone Idea for pan India voice service. It’s worth noting... Read More

August 4th, 2021 1:35 PM 28 COMMENTS

Vodafone Idea Stock Dips 14% In Noon Session

Vodafone Idea stock has dipped over 14% in the noon session. The telco has been struck very badly from the intent of selling the stake shown by its second-biggest promoter - Aditya Birla Group. Kumar Mangalam Birla had written in a letter to the Union Cabinet Secretary about his willingness to let go of his group’s promoter stake in Vodafone Idea Limited (VIL) and sell to the government. On Tuesday,... Read More

August 4th, 2021 10:53 AM 19 COMMENTS

Vodafone Idea Lenders In Fear As Fail Could Be Massive

Just a day after the revelation of the warning letter from Kumar Mangalam Birla to Vodafone Idea about an irretrievable point of collapse, banks are getting worried about the telecom major. They claim it to be “too big to fail”. Both Indian and global lenders have an exposure of Rs. 1.8 lakh crore. It is said that a large part of this is in the form of guarantees. Vodafone Idea... Read More

August 4th, 2021 10:28 AM 11 COMMENTS

Vodafone Idea: Government Not Interested in Buying Out Birla’s Stake

The Aditya Birla Group’s chairman, Kumar Mangalam Birla, has been in the news for the last few days because of his letter to the Union Cabinet’s Secretary. The Indian business tycoon had expressed his willingness to sell his promoter stake in Vodafone Idea (Vi) to the government. But according to a recent report from ET Telecom, the government might overlook the request made by Birla. The Department of Telecommunications (DoT)... Read More

August 4th, 2021 9:37 AM 2 COMMENTS

Bharti Airtel Might Join Vi In Filing Review Petition for AGR Dues Case

Bharti Airtel might move to the Supreme Court (SC) for filing a review petition for the adjusted gross revenue (AGR) dues matter. The telco’s plea for the rectification of ‘arithmetical’ errors made by the telecom department in the calculation of the AGR dues was rejected by the SC. It is worth noting that even Vodafone Idea might be planning to file a review petition for the same cause in the... Read More

August 3rd, 2021 11:45 PM 3 COMMENTS

COAI Rallies for Data Floor Pricing Regime With Sector Regulator

The Cellular Operators Association of India (COAI) is the group helmed by the industry leaders of the telecom business, namely Bharti Airtel, Vodafone Idea, and Reliance Jio. The Delhi-based lobbying group rallies itself on the interest lines of the telecom companies and has said that the floor pricing regime must be fixed by the sector regulator to break the industry free from the colossal financial burden that it faces. The... Read More

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