Looking back to a time when the biggest telcos and funds from across the world queued up with top dollars, many in the Indian telecom business rose up the rich list, and how
The differing opinion of Reliance Jio on the issue would only complicate the matter
In the morning session, shares of the company opened at Rs 444.35 and fell 4.71 per cent to intra-day low of Rs 430. The stock settled 4.34 per cent down at Rs 431.70 on the BSE
ICRA downgraded Bharti Airtel's long-term rating from "AA" to "AA-"on higher than anticipated provision for dues towards license fees on adjusted gross revenues (AGR) and spectrum usage charge.
From DGCA directing IndiGo to replace unmodified P&W engines to Karvy denying fund abuse charges, here are the top headlines of the day.
Bharti Airtel, Vodafone Idea, and Jio had urged the government to reduce the price, following which the matter went to the regulator for a review.
The company did not disclose the size of the 'acquihire' deal, which typically entails acquisition of people or teams
Bharti Airtel also likely to reconsider its decision and bid
Telcos have reduced their tariffs so much that they earn only Rs 75 per user per month, nationally
We will not interfere in their decision to raise tariffs but if the consumer is affected due to the increase we will intervene, says a senior DoT official
Telco says BSNL and MTNL, which are arms of DoT, also paid licence fee on the same basis
The last date to submit bids will end on Monday and RCom (Reliance Communications) committee of creditors will also meet on the same day to open bid
Payouts related to AGR by non-telcos to far exceed demand made on telecom operators, including those that have either shut down or sold off
Airtel, Vodafone Idea, Tata Tele seek waiver of interest, penalty
One of the review petitions has sought open court hearing in the matter
The Supreme Court had on October 24 ruled that non-telecom revenues will be included while calculating statutory dues towards the government
Review petitions are to be filed within a month of original decision which came on October 24
The net worth of Birla has shrunk to about $6 billion from $9.1 billion two years ago
Incumbent telcos Bharti Airtel and Vodafone Idea have said they would go for a review petition of the SC order, but they have limited time to move court
This comes soon after all three private telecom operators announced they were raising mobile phone tariff