Vodafone Idea’s loss stood at over Rs 250 billion during quarter ended June 2020
Vodafone Idea has announced the financial results for quarter ended June 2020. Revenue for the...
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Vodafone Idea pays Rs 12 billion towards April-June 2020 licence fee, SUC dues
Vodafone Idea Limited (VIL) has paid Rs 12 billion dues towards licence fee and spectrum usage charge (SUC) to the Department of Telecommunications (DoT) for the April-June 2020 period. According to industry sources, this...
Read MoreNCLT to hear RCOM insolvency case on August 19, 2020
The National Company Law Tribunal (NCLT) has said that it will hear the resolution plan of Reliance Communications and Reliance Telecom Infrastructure Limited (RTIL) on August 19, 2020. Earlier, lenders had approved UV Asset...
Read MoreRCOM liable to pay SSTL AGR dues, says SSTL to SC
Sistema Shyam Teleservices Limited (SSTL) has written to the Supreme Court (SC) stating that Reliance Communications (RCOM) is liable to pay its adjusted gross revenue (AGR) dues as RCOM had acquired its entire telecom business...
Read MoreNokia reports adjusted operating profit of 423 million euros in Q2
Nokia has bumped up its full-year earnings guidance after slashing costs and overhauling its products. The technology vendor expects diluted earnings of 0.25 euro cents per share (plus or minus 5 cents) in contrast with earlier...
Read MoreReliance Jio posts net profit of Rs 25.2 billion in Q1 FY 21, a rise of 182.8 per cent YoY
Reliance Jio’s net profit has grown by 182.8 per cent from Rs 8.91 billion during quarter ended (QE) June 2019 to Rs 25.2 billion during the corresponding quarter in 2020. The standalone revenue from operations, including access...
Read MoreTata Communications reports net profit of Rs 2.58 billion in QE June 2020
Tata Communications has reported financial highlights for quarter ended (QE) June 2020. The company reported a consolidated revenue of Rs 44.03 billion during the reported quarter, up 5.6 per cent when compared to QE June 2019....
Read MoreSify reports Rs 5.26 billion in revenues for first quarter of FY 2020-21
PERFORMANCE HIGHLIGHTS Revenue for the quarter was Rs 5.26 billion, a decrease of 5 per cent over the same quarter last year. EBITDA for the quarter was Rs 1.15 billion, an increase of 32 per cent over the same quarter last...
Read MoreBharti Airtel reports a loss of Rs 159,331 million during QE June 2020
Bharti Airtel has reported a loss of Rs 159,331 million during the quarter ended (QE) June 2020. Further, the operator’s total revenue has grown by 15 per cent from Rs 207,379million during quarter ended (QE) June 2019 to Rs...
Read MoreQatar Investment Authority to invest Rs 112 billion in JioFiber
Qatar Investment Authority is reportedly in conversation to invest Rs 112 billion into JioFIber. As per industry sources, Reliance Industries is now planning to monetise its assets under its Jio Digital Fibre unit after having...
Read MoreTech Mahindra Q1 2021 PAT up by 20.9 per cent
Tech Mahindra Limited has announced its audited consolidated financial results for its first quarter ended (QE) June 30, 2020. Financial highlights for the quarter (Rs) Revenue at Rs 91.06 billion; down 4.0 per cent...
Read MoreMTNL loss widens to Rs 6.23 billion, revenue dips 26.77 per cent in QE March 2020
Mahanagar Telephone Nigam Limited’s (MTNL) consolidated loss has widened to Rs 6.23 billion during the quarter ended (QE) March 2020. The company had posted a net loss of Rs 7.59 billion in the same period a year ago. The total...
Read MoreBharti Infratel’s net profit declines to Rs 7.04 billion in QE June 2020
Bharti Infratel has posted a consolidated net profit of Rs 7.04 billion for quarter ended (QE) June 2020. On an annual basis, the net profit has declined by 21 per cent from Rs 8.87 billion in QE June 2019. The company’s...
Read MoreHughes to join UK government and Bharti Enterprises in New OneWeb consortium
Hughes Network Systems, LLC (HUGHES), has announced its participation in the winning consortium, led by the U.K. Government and Bharti Enterprises, that will acquire OneWeb out of bankruptcy. Hughes has agreed in principle to...
Read MoreAirtel Africa records a YoY decline of 57 per cent in net profits for QE June 2020
Airtel Africa has reported $57 million in net profit for the quarter ended June 2020, recording a 57 per cent year on year (YoY) decline, making it the third straight quarter of declining bottomline. This fall in net profits has...
Read MoreSTL announces Q1 FY21 results; reports Rs 8.76 billion in revenues
STL has announced financial results for the first quarter ended June 30, 2020. The company recorded a strong cumulative order book of over Rs 103 billion and revenues of Rs 8.76 billion. While the revenues for the quarter were...
Read MoreSupreme Court orders IT department to refund Rs 8.33 billion to Vodafone Idea
The Supreme Court has directed the Income Tax (IT) department to refund Rs 8.33 billion to Vodafone Idea Limited (VIL)pending for the assessment year (AY) 2014-15. Earlier, the Bombay High Court had ordered the tax department to...
Read MoreBSNL plans to raise upto Rs 85 billion through local bonds to repay debt and fund expansion
Bharat Sanchar Nigam Limited (BSNL) is reportedly planning to tap the local bond market in order to raise up to Rs 85 billion. According to industry sources, BSNL’s proposed bonds will be sovereign-guaranteed paper with up to...
Read MoreVodafone Idea pays additional Rs 10 billion to DoT for AGR dues
Vodafone Idea Limited has paid another Rs 10 billion to the Department of Telecommunications (DoT) towards the adjusted gross revenue (AGR) dues, taking its total payment to an aggregate Rs 78.54 billion. According to VIL’s...
Read MoreEricsson announces Q2 results; operating income increases to 4.5 billion Swedish crowns
Ericsson has announced its quarterly core earnings. The company’s second-quarter adjusted quarterly operating income increased from 3.9 billion Swedish crowns a year ago to 4.5 billion Swedish crowns. According to a...
Read MoreGoogle to invest Rs 337.37 billion in Jio Platforms; both companies to jointly develop affordable smartphone
Reliance Industries Limited (RIL), Jio Platforms Limited and Google have announced the signing of binding agreements for an investment of Rs 337.37 billion by Google into Jio Platforms. This investment by Google values Jio...
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