Bharti Airtel and Reliance Jio will continue to gain market share at the cost of Vodafone Idea''s "worsened" financial health that may deteriorate further in the wake of the AGR judgment, Axis Capital said in a note on Friday.
Vodafone Idea announced the extension of the validity on prepaid plans availed by low-income customers using feature phones till April 17.
Vodafone revises its Rs. 95 all-rounder prepaid plan. Read on to know its benefits, validity and more
Telecom Regulatory Authority of India (TRAI) has also sought details of the steps being taken to ensure availability of uninterrupted telecom services to such customers on a "priority basis".
Vodafone Idea on Thursday said it is monitoring traffic pattern and remains confident of handling surge in voice and data services demand amid country-wide lockdown to tackle the spread of coronavirus.
Vodafone is doubling data on some of its prepaid plans during Coronavirus lockdown in India.
Bharti Airtel, Vodafone Idea and Tata Group's self-assessment of dues to the government are a whopping Rs 82,300 crore short of what the telecom department calculated after the Supreme Court's ruling on AGR.
Vodafone Idea plunged 40 per cent to Rs 2.91 and Bharti Airtel declined 5 per cent to Rs 431.25 on the BSE. Both the companies erased their early gains and were trading with losses.
Vodafone has introduced new prepaid plans in India. Read on to know all about them
Loss-making telecom operator Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the Department of Telecom (DoT), thereby completing payment of principal amount calculated on a self-assessment basis.
Bharti Airtel and Vodafone Idea Ltd, whose self-assessed dues to the government are less than half of what the Department of Telecommunications (DoT) estimates, must disclose workings highlighting areas of difference as minority shareholders deserve to know, an analyst report said.
Reliance Jio, Airtel and Vodafone Idea are currently offering great 4G data plans, which come along with unlimited calls for prepaid subscribers. Here are the best plans available under Rs. 300.
Vodafone Global CEO Nick Read has told the government that the company wants to make a new and good beginning in India, according to sources.
Vodafone Idea on Friday said its adjusted gross revenue (AGR) liabilities stand at Rs 21,533 crore as per its self assessment, and that the calculation of dues has been filed with the telecom department.
The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, according to sources.
Vodafone Idea, Bharti Airtel and Reliance Jio on Tuesday paid cumulative over Rs 6,000 crore to the government towards deferred spectrum dues while Tatas said it has deposited another Rs 2,000 crore for ad hoc statutory liabilities.
Vodafone Idea has demanded fixing minimum tariffs for mobile data at Rs 35 per GB, around 7-8 times of current prices, and for calls at 6 paise per minute along with monthly charges from April 1 to enable it pay statutory dues and make its business sustainable.
Telecom firm Vodafone-Idea Thursday said that it is not a "sound financial state" and sought help from the government over the pending AGR dues. The troubled company has written to the telecom department expressing its inability to pay full AGR dues unless the government takes urgent measures.
While smartphone brands like iQOO and Realme are ready with 5G smartphones, we are still waiting for Jio, Airtel and Vodafone Idea to get ready for the future.
Telecom tariff hikes from December last year has led to consolidation in the market-leading to gross subscriber fall, said a report from Motilal Oswal. After declining by 2.1 million in November 2019, the number of declines in active subscribers increased again by 3.5 m in December 19.
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