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TELECOM BAILOUT
Sri Lanka government no longer sells public enterprises, Attorney General clarifies in SCSri Lanka's government has halted the planned sale of key state enterprises. Sri Lankan Airlines, Sri Lanka Telecom, Sri Lanka Insurance, a...- Airtel's push for Voda Idea-like debt conversion finds no favour with govtAirtel's request to convert statutory dues into equity faces rejection from the Department of Telecom due to its strong financial performan...
- Govt to support telecom sector, Jyotiraditya Scindia saysIndia's telecom sector will see continued government support. The government wants four to five players in the industry. Satellite communic...
- Sebi clears govt proposal to turn Vodafone Idea dues into equity: SourcesLast year, India had approved a rescue package for debt-strapped telecom companies that allowed them to convert interest on deferred adjust...
- Sebi exempts govt from making open offer to VIL shareholdersNew Delhi, May 25 (PTI) Markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafo...
- Govt measures to boost confidence of Vi investors, staff, feel ABG officialsSignificant cash flow relief, estimated by analysts at nearly ₹1 lakh crore, and government backing will allow Vodafone Idea (Vi) to not on...
- View: It’s in mutual interest of India and Vi to find a new solutionA perpetual challenge for lawmakers on economic policy has been that of balancing the role of the State with the interests of the free mark...
- AGR dues: DoT working on three options for telcos' bailoutThe proposals are among several measures to be discussed on Friday by the Digital Communications Commission (DCC), the inter-ministerial pa...
- Committee of Secretaries on telecom bailout package disbandedCoS set up to suggest relief measures for the telecom sector has been ‘disbanded’, a top govt official said.
- CoS meets to discuss bailout package for telcos; DoT working on demand noticesSources said the DoT is working out the exact liability that Bharti Airtel, Vodafone Idea Ltd, and other telecom operators owe to the gover...
- Vodafone Idea, Airtel shares jump up to 8.5% amid financial bailout buzzThe telecom sector stares at a massive payout following a Supreme Court order.
- Government proposes Rs 74,000 crore bailout for BSNL, MTNLBSNL is the country’s biggest loss-making PSU (estimated Rs 13,804 crore in FY19), while MTNL was third with a loss of Rs 3,398 crore.
- Telecom industry's debt at unsustainable level: SBISBI chairperson Arundhati Bhattacharya wrote to the central government regarding "highly unsustainable levels" of debt of mobile companies.
- I-T refund, drop in costs may help BSNL cut lossesBSNL is likely to narrow its annual losses in the year ended March 31 to about Rs 8,100 cr, even as its revenue continues to slip, an execu...
- Don't consider 4G auction rules when refunding BSNL, MTNL, DoT tells Group of MinistersThe DoT has argued that BSNL & MTNL were given 4G airwaves in 2008, two years prior to the auctions for private operators.
- EU ministers to bail out Cyprus by MarchThe European Union is also weighing whether to extend Ireland's rescue loans by five years or more, according to two EU officials.
- CAG warns telecom min against bailout to mobile cosThe public accounts watchdog has warned the telecom ministry against bailouts to mobile phone firms in violation of rules.
- Raja opens exit door for new telecom cosThe government was open to providing an exit route to new mobile phone companies that were given licences and airwaves under controversial ...
- 2G spectrum controversy politically motivated: RajaTelecom Minister A Raja termed the controversy over 2G spectrum allocation as "politically motivated" and said vested interests are behind ...
- Liberty sole bidder for taking over ailing ITILiberty Group is learnt to be the only company to have mounted a bid for taking over telecom equipment maker Indian Telephone Industries af...
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