The company on December 1 has announced that it will raise mobile plans rates by up to 40%
The board for now has given its go-ahead to raise up to $3 bn and has also approved raising an additional $1 bn, an official said
Telecom sector is still far from the desired stability
Analysts have also revised ARPU estimates
Tariff hike for Airtel and Vodafone will be effective from Dec 3, while for Jio the new rates will be applicable from Dec 6
According to official data, the telecom sector's gross revenue fell about Rs 41,000 crore in three years on account of a dip in mobile services rates.
Operating profit of Bharti Airtel, Vodafone Idea to increase by Rs 7,000- 9,500 crore
Bharti Airtel on November 26 filed a petition with the Supreme Court seeking a modification of the 90-day deadline set by the apex court to pay past statutory dues arising from AGR ruling
Reliance Jio with lowest gross revenue of Rs 15,945.62 crore among private operators paid highest revenue to the government, the data showed
SIM consolidation, inferior network and negative free cash flows even after hike are the key worries for the market
The company too announced new plans which will cost up to 42 per cent more compared to the price that Airtel pre-paid customers pay at present for plans in the "unlimited" category
The company has informed the bourses that its board meeting on December 4 would consider a proposal to raise funds through issues of equity or bonds
The proposal follows the Supreme Court judgment on adjusted gross revenue
Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources
The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue
The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers
Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids.
Vodafone Idea this month booked a $7 billion quarterly loss, the biggest in Indian corporate history, in large part due to provisions for payments owed
As operators have already announced that they will increase tariffs, Telecom Regulatory Authority of India will wait to see how the entire situation unfolds
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago