Page 5 - Vodafone India

When telecom stood for pass to windfall gains, and not financial stress

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

Under financial stress, Voda-idea to 'suitably raise tariff' from Dec 1

The company, however, did not disclose the range or details of the proposed tariff hike

If Vodafone actually quits, India will be the bigger loser

The govt must take a call at the highest level at the earliest, treating Vodafone's exit call with all the seriousness that it deserves

Govt objects to Voda CEO's comments on India JV being pushed to liquidation

The central government has objected to the reported comments of Nick Read, chief executive of Vodafone, that the India unit of the telecom major was headed for liquidation due to, among other factors, the Supreme Court decision requiring payment of Rs 28,300 crore as spectrum dues.According to media reports, Union telecom and communications minister Ravi Shankar Prasad spoke to Vodafone Idea chairman Kumar Mangalam Birla to express displeasure. Vodafone Plc, the parent entity, says its chief's comments were taken "out of context", presenting an incorrect picture. Vodafone Plc owns 44.3 per cent stake in Vodafone Idea; the Aditya Birla Group holds 26.5 per cent.According to the transcript of Read's utterances, he'd told analysts that due to the Supreme Court's ruling on the correct way to determine telecom company dues from their Adjusted Gross Revenue (AGR), on top of the financial stress already present, the situation of the telecom sector in India and at Vodafone Idea was a ...

Big adversities and some mistakes: The story of Vodafone's fall in India

What adds to Nick Read's worries is the Supreme Court judgment, which has directed the telcos to pay their outstanding amount within three months

Vodafone's India JV with Idea in a precarious situation, says HSBC

"The JV in India is clearly in a precarious situation following the Supreme Court's AGR-related fine," HSBC said

Won't pump more capital in India until provisions change: Vodafone to govt

Vodafone entered the market in 2007 via a multibillion-pound acquisition

DoT examines impact of SC order on AGR beyond telecom firms: Report

A DoT official privy to the development said instructions have gone to the licencing wing to carefully examine the implication of the apex court's recent ruling for all such companies

Vodafone denies India market exit rumour, says actively engaging with govt

The statement further noted that Vodafone is actively engaging with government and they are fully supportive of their local management as they continue to manage the joint venture

Vodafone Idea reaches out to lenders for debt revamp as losses mount

The distress at India's No. 2 phone operator deepened last week after the nation's top court ordered it to pay about $4 billion in past dues, dealing a fresh blow to the struggling business

AGR order: Telcos seek interest, penalty waiver, 10 years to pay principal

With the telecom sector staring at a massive Rs 1.4 trillion payout following a Supreme Court order, it asked the government not to press for AGR dispute payment in its entirety

AGR shock for Vodafone-Idea balance sheet as promoters may not fund dues

Promoters unlikely to fund dues; telecom firm will have to raise funds on its own

AGR verdict: Jio emerges winner as Airtel, Voda Idea face $7 billion bill

The Supreme Court on Thursday ordered phone operators in the country to pay the government a combined Rs 920 billion in past airwaves and license fees

AGR verdict: Clock ticking for a 2-horse race and a boost to Reliance Jio

The verdict will also provide a relief to the government, which is reeling under the problem of controlling its fiscal deficit with some extra revenue

Top headlines: Setback for Airtel & Vodafone; Haryana heads for hung House

India has risen 14 places to the 63rd spot in the World Bank's latest Ease of Doing Business global rankings

Blow to Bharti Airtel, Voda Idea: SC rejects appeal against AGR definition

We are disappointed by the verdict of the Hon'ble Supreme Court, Airtel says in a statement

Jio continues to lead 4G mobile broadband chart in Aug with 21.3 mbps speed

Airtel followed Jio with an average download speed of 8.2 mbps, and was followed by Vodafone and Idea Cellular in August

Vodafone Idea dismisses BofA-ML report of exiting six telecom circles

The Bank of America Merril Lynch report has identified Himachal Pradesh, Bihar, Odisha, Jammu and Kashmir, North East and Assam from where Vodafone Idea may exit

Best of BS Opinion: Wealth creation, auto slowdown and plastic waste woes

From fixing the demand slump to unleashing a micro-loan revolution in the country and Vodafone's India woes, here's a selection of Business Standard Opinion pieces for the day

Ravinder Takkar replaces Balesh Sharma as CEO of Vodafone Idea

Ravinder Takkar, an experienced global executive, is currently a Board member of Vodafone Idea and Indus Towers where he is responsible for all Vodafone Group interests in India