CRISIL has downgraded the rating of Rs 35 billion non-convertible debentures of Vodafone Idea Limited (VIL). The ratings have been downgraded by one level to ‘IND BBB’ from ‘IND A+’ and placed in...
Read MoreAs per CLSA, Reliance Jio’s annual operating income is estimated to double in two years to Rs 524 billion along with a surge in its mobile user base to 500 million. The growth will be particularly propelled by a mix of tariff...
Read MoreAs per industry sources, Reliance Jio Infocomm Limited has paid adjusted gross revenue (AGR)...
Read MoreVodafone Idea and Bharti Airtel have informed the Department of Telecommunications (DoT) that they will await the hearing from the Supreme Court (SC) on the adjusted gross revenue (AGR) modification pleas filed by them. This...
Read MoreBharat Sanchar Nigam Limited (BSNL) has launched Bharat AirFibre for offering internet...
Read MoreThe Department of Telecommunications (DoT) has given its approval to increasing the foreign direct investment (FDI) limit in Bharti Airtel from 49 per cent to up to 100 per cent of paid up capital. As per a regulatory filing,...
Read MoreThe Reserve Bank of India (RBI) has cancelled the certificate of authorisation (CoA) of Vodafone m-pesa following the latter’s voluntary surrender of authorisation. Consequently, the company cannot transact business of issuance...
Read MoreThe Supreme Court has agreed to hear the modification applications filed by Vodafone Idea, Bharti...
Read MoreReliance Jio’s net profit has grown by 62.5 per cent from Rs 8.31 billion during quarter ended...
Read MoreAccording to Moody’s, Vodafone Idea’s market competitiveness is expected to take a hit following the Supreme Court’s dismissal of adjusted gross revenue (AGR) review petition. This could potentially provide opportunity to Bharti...
Read MoreBharti Airtel and Vodafone Idea are exploring the option to file a curative petition after the apex court has rejected their plea to review its order on adjusted gross revenue (AGR). Airtel has expressed its disappointment on...
Read MoreAs per data released by the Telecom Regulatory Authority of India (TRAI), Reliance Jio continued to take a lead in widening its subscribers’ base by big margins to take its total user base to 369.93 million in November 2019....
Read MoreThe Supreme Court has rejected Vodafone Idea, Bharti Airtel and Tata Teleservices Limited’s plea...
Read MoreBharti Airtel has raised $3 billion through a combination of private placement of shares and an overseas sale of convertible bonds. Of this, the operator has raised $2 billion through a qualified institutional placement (QIP)...
Read MoreAs per industry sources, Bharti Airtel, Reliance Jio, and Vodafone Idea Limited (VIL) have submitted their applications for 5G trials. Additionally, Airtel has partnered Huawei, ZTE, Ericsson and Nokia for 5G trials in the...
Read MoreAs per industry sources, Bharat Sanchar Nigam Limited (BSNL) is planning to launch 4G services by March 1, 2020. To this end, it has already sought spectrum from the Department of Telecommunications (DoT). The operator had first...
Read MoreThe board of Vodafone Idea Limited (VIL) has approved a proposal for modification of the use of its proceeds from the Rs 250 billion right issue. The company would now use Rs 28.26 billion towards adjusted gross revenue (AGR)...
Read MoreMahanagar Telephone Nigam Limited (MTNL) has received shareholders’ approval for raising up to Rs 65 billion through the issuance of non-convertible debentures (NCDs) and monetisation of land and buildings. During MTNL’s...
Read MoreFitch Ratings has given BBB-/rating watch negative to Bharti Airtel for its proposed US dollar senior unsecured convertible notes which are also placed under rating watch negative (RWN). Airtel is expected to use the proceeds of...
Read MoreBharti Airtel has begun its $3 billion fund-raising exercise by launching qualified institutional placement (QIP) and foreign currency convertible bond (FCCB) issues worth $2 billion and $1 billion respectively. Airtel’s board...
Read MoreBharti Airtel and Vodafone Idea have sought an urgent hearing of their review petitions against the Supreme Court’s earlier verdict on adjusted gross revenue (AGR). To this end, the Supreme Court has asked the telecom...
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