"As a part of these 'Super Celebrations', we are happy to announce the Vodafone Green Diwali Campaign which aims to give our customers a great experience this Diwali.
Market watchers have given a thumbs up to the acquisition that involve Airtel taking over the customers and spectrum of Tata Teleservices and Tata Teleservices Maharashtra in a cash free and debt free deal. Some analysts have even gone to the extent of saying that the takeover places the Sunil Mittal company to potentially "retain" the numero uno position even post Idea-Vodafone merger.
The company has initiated arbitration proceedings under the India-United Kingdom Bilateral Investment Protection Agreement (BIPA) in connection with the tax demand raised against the company in relation to its USD 11 billion deal acquiring the stake of Hutchinson Telecom.
Vodafone India confirmed that the company was taking a legal route.
It is the first such joint venture proposed in Ghana's highly competitive telecom sector. Put together, the new entity would become Ghana's second largest mobile operator serving around 10 million subscribers with revenues close to $300 million.
The mobile network operator said on Monday it would spend 2 billion euros on new full-fibre connections in Germany and also has invested in fixed line broadband networks in Italy, Portugal and Spain.
Only three operators -- Reliance Jio, Bharti Airtel and state-run BSNL -- reported subscriber additions in the month, while eight other operators including Idea Cellular and Vodafone, saw a decline.
Sources tell CNBC-TV18 that American Tower Corporation (ATC) and Brookfield have emerged as front-runners to buy idea-Vodafone's tower assets.
A bench of justices S Ravindra Bhat and Sunil Gaur sought to know the stand of Telecom Regulatory Authority of India (TRAI) on the issue and listed the matter for September 15.
The British company said on Monday the additional spending on its network would boost its service revenue growth in Germany by 1-2 percentage points in the mid-term.
This leads to the government losing out Rs12,229.24 crore as payment from spectrum usage charges and interest. These charges are computed by using telecom companies’ revenue as the base. On the basis of this report government has once again appointed special auditors to check irregularities in telecom company’s accounts.
Commenting on the collaboration, HOOQ India managing director Salil Kapoor said, "India is one of the key markets for HOOQ and this strategic partnership will ensure a wider reach for us giving Vodafone customers a window to experience the best of Hollywood movies and TV shows across genres."
In a filing to the Hong Kong stock exchange, billionaire Li Ka-shing's CK Hutchison Holdings Ltd said its unit, Hutchison Telecommunications International Ltd (HTIL) has been served with a tax demand of about Rs 7,900 crore, Rs 16,430 crore of interest and another Rs 7,900 crore in penalty.
In a filing to the Hong Kong stock exchange, the company said its unit Hutchison Telecommunications International Ltd had late last year received a tax demand notice of Rs 7,900 crore and on August 9 received a penalty order of a similar amount.
Total mobile customer base of five COAI members that include Aircel and Telenor declined by 37.74 lakh to 82.6 crore in July from 83 crore at the end of June.
As Vodafone had not deducted the tax at source, the government had raised the demand of Rs 11,000 crore which was subsequently quashed by the Supreme Court on January 20, 2012, the High Court said.
In a letter to the Department of Telecom, Vodafone said the financial burden on the industry has reached a level where it is unviable for operators to provide services.
Idea's move comes after the Securities and Exchange Board of India (Sebi) and exchanges gave their conditional nod to the proposed USD 23-billion merger deal that would create the country's largest telecom operator.
Indian telecom companies are seeking mergers and acquisitions to beat tough competition.
IUC is important not only from the perspective of operators as it gives them a revenue stream, but it is also a key component of voice tariffs and, therefore, also has a bearing on consumers’ monthly bills.
The Comptroller and Auditor General (CAG), in its latest report tabled in Parliament today, said its audit indicated "total understatement of adjusted gross revenue (AGR) of Rs 61,064.56 crore" by six operators.
The company said the rise in organic service revenue, which was ahead of market forecasts of 1.4 to 1.9 percent, gave it confidence in its outlook for the full year, when it expects to grow core earnings by 4-8 percent.
Any change in IUC has a direct impact on mobile call rates as the charge is taken into account while setting telecom tariffs.
Although it's a remote possibility, even an open offer happens, there is limited upside for investors.
Vodafone, on the other hand, said that call connect charge - currently at 14 Paise - is already "below cost" and any further cut in these inter-operator charges could hurt rural coverage.