Shares of Vodafone Idea on Friday jumped 14 per cent after telecom tribunal TDSAT stayed Trai's interim direction asking the company to withhold its priority plan that promises 4G network on a priority basis to certain premium users.
Airtel and Vodafone's premium plans have been put on hold as they are claimed to have violated TRAI's norms
TRAI (Telecom Regulatory Authority of India) on Monday blocked Bharti Airtel’s Platinum and Vodafone Idea’s RedX premium plans that offer faster data speeds and priority services to customers. TRAI questioned whether the network preference came at the cost of deterioration of services for other subscribers.
The telecom regulator has asked Bharti Airtel and Vodafone Idea to put on hold specific plans that promised faster speeds to certain priority users, as it questioned whether the network preference came at the cost of deterioration of services for other subscribers.
Wireless revenues of telecom companies Bharti Airtel and Vodafone Idea Ltd (VIL) are expected to fall during the first quarter of current fiscal on account of the nationwide lockdown, according to a report by Emkay Global.
Shares of Vodafone Idea on Wednesday plunged over 4 per cent after the company reported a staggering Rs 73,878 crore of net loss for the fiscal ended March 2020.
In a regulatory filing, Vodafone Idea (VIL) reported widening of March quarter net loss to Rs 11,643.5 crore. Its losses stood at Rs 4,881.9 crore in the same period a year ago and Rs 6,438.8 crore in previous October-December quarter.
Vodafone Idea lost 34.67 lakh mobile subscribers in February, even as Reliance Jio continued to be on a roll adding 62.57 lakh users, according to latest data released by sector regulator Trai.
Vodafone Idea users will be able to get the extra 5GB data with prepaid plans of Rs. 149, Rs. 219, Rs. 249, Rs. 399 and Rs. 599.
The planned merger of Bharti Infratel and Indus Towers and additional payment from Vodafone Plc may help crisis-hit Vodafone Idea make part upfront deposit for securing staggered payment of balance AGR dues, if the apex court permits, analysts said.
Apple Watch now supports Vodafone eSIM in addition to Airtel and Jio ones. Read on to know more
Bharti Airtel is better placed to offer guarantees for securing staggered payments, if permitted, in the AGR matter where the Supreme Court has asked private telcos for road map on payment, timelines, and the security they can furnish, said analysts while airing mixed views on sustainability of Vodafone Idea.
Shares of Vodafone Idea and Bharti Airtel fell on Thursday, with the former tumbling 13 per cent, on a day when the Supreme Court asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the adjusted gross revenue (AGR)-related dues.
The Supreme Court Thursday asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the Adjusted Gross Revenue (AGR) related dues as Vodafone Idea said that it does not have enough money to even pay salaries to its employees.
Telecom operator Vodafone is facing issues due to which it is deducting users' money from prepaid balance
Vodafone customers on Tuesday complained over an unexplained deduction of Rs 99 from their prepared accounts. Several Vodafone customers reported deduction of an amount of Rs 99 after which many of them took to Twitter to raise the matter.
Vodafone Idea has announced a new Rs. 251 prepaid plan, much like Reliance Jio and Airtel
Vodafone Idea, Paytm and NPCI partner up to bring UPI recharge on feature phones using USSD. Here's how it works.
Global technology giant Google is "considering" to buy a stake of about 5 percent in Vodafone Idea, a report published in the Financial Times claimed today.
Vodafone Idea has made changes to one of its affordable prepaid plans. Read on to know more
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