Facebook is reportedly in talks with Reliance Jio to acquire a 10 per cent stake in the telco. However, the discussions have currently been paused due to travel restrictions across the globe citing COVID-19 outbreak. The deal is...
Read MoreThe telecom operators have written to the Department of Telecommunications (DoT) seeking extension to provide bank guarantees (BGs). The revised BGs were to be submitted by March 23, 2020 but due to curtailed operations of banks...
Read MoreReliance Industries Limited (RIL) has taken over some debt liabilities of Reliance Jio Infocomm Limited (RJIL). RIL’s move follows the approval from the Ahmedabad bench of the National Company Law Tribunal (NCLT). In its filing...
Read MoreBharti Airtel has acquired a 10 per cent stake in digital fitness start-up Spectacom Global Private Limited under the Airtel Start-up Accelerator Programme, which focuses on supporting growth of early stage Indian start-ups....
Read MoreAs per Bharti Airtel’s chairman Sunil Mittal, the Supreme Court (SC) had simply asked carriers to pay their adjusted gross revenue (AGR) dues, without specifying the quantum. Further, Mittal added that the telco has already paid...
Read MoreYES Bank is planning to sell its Rs 40 billion exposure to Vodafone Idea to asset reconstruction companies or to other institutions. The bank plans to use the proceedings from sale to shore up its liquidity. The Vodafone Idea...
Read MoreBharat Sanchar Nigam Limited (BSNL) reported a loss of Rs 390.89 billion during the quarter ended December 2019. The telco’s losses have widened by over 2.5 times as it had recorded a loss of Rs 149.04 billion in the previous...
Read MoreUV Asset Resolution Company Limited (UVARCL) and Reliance Jio are set to be declared the preferred bidders for Reliance Communications’ (RCOM) assets. The move follows lenders overwhelming votes in favour of the resolution plans...
Read MoreThe board of State Bank of India (SBI) has approved the resolution plan for the sale of Reliance Communications (RCOM), and its subsidiaries Reliance Telecom and Reliance Infratel. Voting on RCOM’s resolution plan has started at...
Read MoreVodafone Idea, Bharti Airtel and Reliance Jio have paid the Department of Telecommunications (DoT)...
Read MoreTata Teleservices Limited (TTSL) has made an additional payment of around Rs 20 billion to the...
Read MoreSecurities and Exchange Board of India (SEBI) has imposed a penalty of Rs 107.5 million on Aksh Optifibre and its five directors in a matter related to manipulation in issuance of global depository receipts (GDR). Consequently,...
Read MoreBharti Airtel has made additional payment of Rs 80.04 billion towards adjusted gross revenue (AGR) dues to the Department of Telecommunications (DoT). The payment is in addition to Rs 100 billion the company paid on February 17,...
Read MoreReliance Industries-Brookfield infrastructure investment trust (InvIT) is planning to raise more debt from foreign and ultra-high net-worth investors and offer attractive interest to them. This will enable the investors to save...
Read MoreAirtel Payments Bank has launched Aadhaar-enabled payment system (AePS) at over 250,000 banking points across India. Through this, Airtel has enabled customers of any bank with Aadhaar-linked bank accounts to make financial...
Read MoreThe Department of Telecommunications (DoT) has sought Rs 76.08 billion in dues from GAIL India for 2017-18 as the department appeared to be not pressing for immediate payment of Rs 1.83 trillion in past dues which it had...
Read MoreFitch has removed Rating Watch Negative (RWN) from Bharti Airtel’s ratings. The move comes as Airtel appears to be more stable to offset debt in 2021, with equity injection of $2billion in January 2020 and expected growth in...
Read MoreAs per Fitch Ratings, India’s telecom-related regulatory dispute on the adjusted gross revenue (AGR) issue is still a risk for GAIL, Oil India Limited (OIL) and Power Grid Corporation of India Limited. Further, Fitch...
Read MoreVodafone Idea Limited (VIL) has stated that its board has authorised the company to immediately...
Read MoreTata Teleservices Limited (TTSL) and Tata Teleservices (Maharashtra) Limited (TTML) have paid Rs 21.97 billion as its adjusted gross revenue (AGR) dues to the Department of Telecommunications (DoT). TTSL and TTML have also...
Read MoreThe National Company Law Tribunal (NCLT) has reserved its order on the resolution plan of Aircel, whose proposed buyer is asset reconstruction firm UV Asset Reconstruction Company Limited (UVARCL). As per Aircel’s resolution...
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