Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year
Telecom operators ignore midnight deadline; Bharti to pay Rs 10,000 cr by Feb 20; Voda Idea still silent
Holding firm to pick up Rs 14,000 cr AGR tab of Tata Tele, which only has Rs 200 cr of cash surplus as on Dec 2019
Vodafone has 304 million subscribers of which 45 per cent are data subscribers
He had issued an order saying no coercive action should be taken to recover Adjusted Gross Revenue (AGR) dues from telecom firms after expiry of the deadline set by the apex court
Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charge, to the government
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices
Among telcos, Vodafone Idea tumbled over 23 per cent to Rs 3.44 apiece on the BSE post the AGR verdict
The department's move came after the Supreme Court directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them
From SC's rejection of telcos' plea for new schedule for AGR payments to wholesale inflation rises to 3.1% in January, here are the day's top headlines
Supreme Court on Friday rejected the telecom companies' plea seeking new schedule of adjusted gross revenue (AGR) payments.
The Supreme Court on Friday directed the top echelons of telecom firms to explain why contempt action should not be taken against them for non-compliance of its AGR order
The Supreme Court on Friday said the companies and the federal Department of Telecommunications (DoT) were liable for contempt of court
The stock bounced back 6 per cent from its intra-day low of Rs 535 on the BSE
A bench of justices Arun Mishra, S Abdul Nazeer and M R Shah will hear a batch of petitions filed by telecom companies in open court
At its current market capitalisation of around $41 billion, Airtel is behind China Mobile whose valuation is $175 billion
Almost 615 companies, including BPCL, Page Industries, Nestle India, and Apollo Hospitals Enterprise, are scheduled to announce their December quarter results today
Consolidation, after Reliance Jio's entry and the price war, has shrunk the number of players from a peak of 16 to just 4
The order came on a complaint filed by Canada-based Teleclub (Alberta Ltd), which is an international telecom carrier