At a virtual briefing on Monday, Ravinder Takkar, MD and CEO, Vodafone Idea Limited said the company, in the past, had not shied from raising tariffs, which are under forbearance but insisted that the regulator and the government should take a call on fixing a minimum floor price.
The due date for Vodafone Idea to pay Rs 146 crore of interest payment to the FT MF schemes was September 3.
The four stocks that were winners in last 3 series were M&M, Vodafone Idea, Balkrishna Industries and Aurobindo Pharma
Vodafone Idea Ltd (VIL), whose liability is estimated to be around Rs 53,038 crore, including Rs 24,729 crore of spectrum dues and Rs 28,309 crore in license fee, has already warned of shutdown if no relief is given.
Telcos appear to have little choice but to pay up AGR dues, posing a risk to banks that have lent to the players with stretched balance sheet
Sakshi Batra does a 3-Point Analysis on the impact of the SC decision on the telecom and banking sectors.
Last week, the telco reported a record loss of around Rs 51,000 crore, a hit that it took while setting aside money to pay off its dues in line with the Supreme Court's AGR ruling.
Vodafone Idea Ltd (VIL) faces a liability of Rs 44,150 crore after the Supreme Court ordered that non-telecom revenues should be included in the adjusted gross revenue (AGR) of mobile phone service providers for calculation of statutory dues such as licence fee and spectrum usage charge.
What should be the way ahead for telecom stocks -- should you hold, buy more or sell on rallies? To discuss all this and more, Kshitij Anand of Moneycontrol spoke to Shailendra Kumar, CIO at Narnolia Investment Advisors Ltd.
Last month, Bharti Airtel had postponed the release of its full Q2 earnings to November citing the uncertainty in the sector in the wake of the court ruling on definition of telecom revenues.
In March 2018, the government had enhanced the number of annual installments for spectrum payment from the earlier 10 years to 16 years, a move aimed at providing relief to the debt-laden telecom sector.
To help with network digitisation and preparing for 5G, telcos are targeting companies such as Microsoft, Google, TCS, HCL Technologies, Ericsson and Nokia for recruitment
The company, which got formed after the merger of the British telecom giant Vodafone and the Aditya Birla group's Idea Cellular after the entry of Jio, plans to issue up to 20 billion fully paid-up equity shares of Rs 10 face value at a price of Rs 12.50 per share.
Though Vodafone and Idea Cellular have merged their businesses and now operate as single entity Vodafone Idea, Trai published their network performances separately.