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AB Group reaffirms bet on Voda Idea with ₹4,730 Cr infusionVodafone Idea shareholders approved a ₹4,730-crore investment from the Aditya Birla Group via preferential allotment of warrants, increasin...- Aditya Birla Group to invest $500 million in Vodafone Idea as revival signal strengthensAditya Birla Group is injecting ₹4,730 crore into Vodafone Idea (Vi) through a preferential allotment, bolstering the telecom operator's fi...
- Voda Idea may consider raising fresh funds to bolster its booksVodafone Idea's board will meet on May 16 to discuss a significant fundraising plan, aiming to secure fresh capital through equity and warr...
- Vodafone Idea board to weigh fundraise through equity after AGR reliefVodafone Idea board will consider raising funds via equity shares and warrants as sentiment improves after AGR relief and regulatory clarit...
- Vodafone Idea shares jump 6% as telco's subscriber loss narrows in JanuaryVodafone Idea shares rose after TRAI data showed a slowdown in subscriber losses. The telecom firm lost 4.11 lakh users in January—signific...
- Vodafone Idea says no government communication received on AGR dues freezeVodafone Idea clarified media reports regarding a five-year moratorium on its ₹87,695 crore adjusted gross revenue dues. The Union Cabinet ...
- Vodafone Idea shares tank after reported refusal for relief packageFollowing the development, shares of Vodafone Idea tanked over 5 per cent to Rs 7.85, before trading at Rs 8.08 at 1.55 pm. The scrip touch...
- Rs 1 lakh crore of equity brought in by promoters wiped out: Voda Idea“We have submitted financial documents like income tax returns. Over the last 15 years, the entire net-worth of the company has been wiped ...
- Payment of non-convertible debentures after NCLT process: Reliance CommunicationsRCom has filed for bankruptcy protection in a dedicated court as it has been unable to sell assets to repay debt of over Rs 40,000 crore.
- How the new telecom policy proposes to reform the debt-laden sectorThe policy, whose draft was made public by the department of telecom (DoT)n in May inviting all stakeholders to share their views, proposes...
- RCom rises 3% as operator in talks with CDB over debt settlementNCLT will take a call on December 18 if the insolvency petition should be admitted.
- DoT, Finance Ministry to ease burden of debt-laden telecom sectorThe relief measures could also include allowing spectrum to be used as collateral for loans, a move that was permitted by the RBI in 2012 b...
- Licence fee collections from telcos shrink 9% in March quarterThe government collected Rs 3,361 crore in licence fee from telecom operators in the quarter ended March, down from Rs 3,698 crore in Decem...
- Telcos on verge of defaults due to competition: BanksLenders tell government payment schedules have to be reworked.
- Telecom industry's cash deficit at Rs 1.2 lakh crore: Reliance CommunicationsWith annual interest payments, loan re-payment obligation, spectrum-related outgo and capex expected to add up to a Rs 1,62,000 crore tab.
- Failure of debt-laden telecom operators can trigger defaults: Bankers to governmentIn a presentation to the cabinet secretary, banks said using spectrum as a collateral and extension of spectrum repayment schedule may be t...
- Simplify, rationalise tax for telecom companies: Assocham-KPMG studyIt will provide financial stability to debt-laden telecom industry which is constrained to spend large sums of money on network rollouts an...
- Study moots rationalisation of taxes, levies to boost stability of debt-laden telecom sectorThe Assocham-KPMG study does not name Reliance Jio Infocomm but appears to be alluding to the company, which is the sole major player to ha...
- Mobile rates may go up in coming months after spectrum auctionThe auctions for the 900MHz frequency are crucial for top operators like Bharti Airtel, Vodafone, Idea Cellular and Reliance Communications.
- After Tulip Telecom, debt-laden software company Spanco defaults on salariesInsufficient working capital has led to projects delays, which in turn froze payments from clients, pushing Spanco into a vicious circle of...
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