Vodafone Idea | azlyrics.org.uk

This will result in dilution for all the existing shareholders of the company, including the founders, the unprofitable wireless carrier said in a stock exchange filing. Vodafone Group will own around 28.5% and Aditya Birla Group will have about 17.8% in the company, it said.

With outstanding dues of nearly Rs 1.6 lakh crore in spectrum payments and AGR dues, the government may be the biggest loser in case Vodafone Idea collapses under crippling losses and heavy debt. Cumulatively, the company currently has a debt of Rs 1.8 lakh crore, and has been bleeding financially with losses pegged at Rs … Continue reading Govt may have to take the biggest hit if Vodafone Idea fails

Telecom operator Vodafone Idea has submitted about Rs 1,367 crore to the govt towards licence fee and spectrum usage charges for the recently-concluded March quarter. Sources said that the telecom department has received the payment made by Vodafone Idea along with other operators. When contacted, Vodafone Idea spokesperson declined to comment on the latest payment.

The government will form an expert group to decide over Rs 82,300-crore disputed AGR (adjusted gross revenue) claims that have arisen due to differences between the outstanding payment sought by the telecom department (DoT) and those claimed by private telecom companies such as Vodafone Idea, Airtel and Tata Group.

Loss-making telecom operator Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the department of telecom (DoT), thereby completing payment of principal amount calculated on self-assessment basis. With this fresh payment, Vodafone Idea (VIL) has paid Rs 6,854 crore towards AGR dues.

Cash-strapped, struggling operations of Vodafone Idea saw a glimmer of hope to raise funds with the department of telecom (DoT) approving the merger of Indus Towers with Bharti Infratel to form one of the world’s largest tower companies.

India faces a multi-billion-dollar hit to economy and a tarnished reputation as a place for multinationals to invest unless it can keep Vodafone Idea in business. With 13,000 direct employees & loans from banks of about $3.8 billion, Vodafone Idea’s potential exit would send shockwaves through India’s economy, which is already growing at its slowest … Continue reading If Vodafone Idea disconnects, India picks up the bill

The department of telecom (DoT) on Friday ordered Bharti Airtel, Vodafone Idea and others to pay their AGR (adjusted gross revenue) dues by 11:59 pm Friday. The order comes just hours after the SC issued notice to the companies and their directors to explain why contempt proceedings shouldn’t be initiated against them for not paying … Continue reading DoT orders telecom companies to clear dues by midnight

Vodafone Idea on Thursday reported widening of losses to Rs 6,438.8 crore in October-December 2019 against Rs 5,004.6 crore in the year-ago period as the AGR (adjusted gross revenue) dues-hit telco reeled under the impact of increased finance costs and higher depreciation of assets.