S&P Global has kept Bharti Airtel’s rating on negative watch, citing that the Rs 343 billion adjusted gross revenue (AGR) setback may decisively weaken the operator’s leverage. Airtel has been directed by the Supreme Court...
Read MoreBharti Airtel’s board has approved fundraising of up to $4 billion through equity dilution and debt funding. The move has been undertaken primarily to pay dues linked to the adjusted gross revenue (AGR) as recently...
Read MoreAccording to Moody’s, the potential clearance of past-due fees of Bharti Airtel weighs on its credit profile. Further, it added that the deferment on the spectrum is not a long-term solution and Airtel would not get much...
Read MoreBharti Airtel has submitted conditional bids worth Rs 95 billion for Reliance Communications’ (RCOM) telecom assets which include spectrum, mobile towers and optical fibre. VFSI Holdings Pte Limited and UV Asset...
Read MorePaytm is looking at raising another round of funding of $1 billion. To this regard, Paytm is in discussion with multiple investors which includes former UK Prime Minister David Cameron. Paytm plans to utilise the funds to expand...
Read MoreICRA has downgraded Bharti Airtel’s long-term rating to ‘AA-’ from ‘AA’. The move is attributed to the recognition of higher than anticipated provisions following the Supreme Court’s judgement on payment of dues for licence fees...
Read MoreBharti Airtel has acquihired Quikmile, which focuses on building tech-enabled logistics platforms for India. Quikmile’s team will now be a part of Airtel X Labs adding to the lab’s innovation pipeline for Digital India....
Read MoreAs per industry sources, Reliance Jio Infocomm Limited, Bharti Airtel, I Squared Capital, Varde Partners and UV Asset Reconstruction have submitted bids for assets of Reliance Communications (RCOM) and its two units. November...
Read MoreDespite the government’s recent grant of a two year moratorium on spectrum payments, Fitch has assigned a negative outlook to the Indian telecom sector for 2020. As per the credit rating agency, these reliefs would not offset...
Read MoreAs per Ministry of Communications, Indian telecom service providers (TSPs) owe nearly Rs 1.47 trillion to the government on account of due licence fee (LF) and spectrum usage charges (SUC). Out of the total amount, licence fee...
Read MoreVodafone Idea Limited has reported a net loss of Rs 509.21 billion during the quarter ended (QE) September 2019, up from Rs 49.73 billion reported during the QE September 2018. However, the operator’s gross revenue increased...
Read MoreBharti Airtel has reported a net loss of Rs 230.45 billion during the quarter ended (QE) September 2019. The operator had posted a profit of Rs 1.19 billion during the same period last year. Airtel’s total revenue increased by...
Read MoreState run Bharat Sanchar Nigam Limited (BSNL) is planning to issue sovereign bonds for raising Rs 150 billion next month. The operator has already written to the Department of Telecommunications (DoT) for seeking its approval to...
Read MoreAccording to industry sources, Reliance Communications (RCOM), which is going through insolvency proceedings, has received bids from about six firms including Bharti Airtel, Bharti Infratel and private equity (PE) firm, Varde...
Read MoreGlobal Cloud Xchange Limited (GCX), a unit of Reliance Communications (RCOM), has announced a new reorganisation plan. As part of this, GCX will terminate its sale process and exit the bankruptcy proceedings to emerge as a...
Read MoreAs per filings made by Oppo and Vivo, the combined sales of the two brands grew by 67 per cent to Rs 387.26 billion in the year ended March 2019. Together, the brands have pushed BBK Electronics Corp’s India revenue to Rs 400...
Read MoreAs per industry sources, the government is planning to divest up to 25 per cent stake in RailTel Corporation through initial public offering (IPO). To this end, the government is reportedly looking for advertising agencies to...
Read MoreSome vendors of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) are planning to move insolvency pleas against the two operators for non-payment of their dues. As per PHD Chamber of Commerce, the...
Read MoreMahanagar Telephone Nigam Limited (MTNL) has rolled out a voluntary retirement scheme (VRS) for its employees. The move follows government’s approval to the revival package for MTNL. The scheme is based on Gujarat Model of VRS...
Read MoreThe telecom minister, Ravi Shankar Prasad, has directed Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) to implement the voluntary retirement scheme (VRS) guidelines soon. Further, the minister...
Read MoreBharti Airtel has postponed the release of its audited results for the quarter ended (QE) September 2019 to November 14, 2019 to get more clarity on the implications of the Supreme Court (SC) order on adjusted gross revenue...
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