Tag: Vodafone Idea
With govt telecom relief package, Vodafone Idea gets AGR breather but balance sheet pinch to continue
The telecoms sector's relief package is anticipated to benefit not just all wireless providers, but particularly Vodafone Idea, which is said to be closing. Vodafone Idea, India's third-largest operator by user base, is reported to be on the verge of bankruptcy due to rising debt and operational costs.
Senior SBI officials and representatives of the Indian Banks' Association (IBA) met finance and telecom department officials and proposed an immediate breather for Vodafone Idea
The Union government has been in talks with several stakeholders, including banks, for a package for the sector as Vodafone Idea continues to bleed following heavy losses
Total quarterly revenue for the cash-strapped operator fell to Rs 9152.3 crore in the April-June from Rs 9,607.6 crore when compared sequentially
After the merger, Vodafone Idea went from being India's largest telecom provider with nearly 40 million users to the third largest with 26.8 million. If it declares bankruptcy, customers will rush to Jio, Airtel, or BSNL/MTNL.
The matter will be heard by a three-judge bench headed by Justice L. N. Rao and comprising Justice Abdul Nazeer and Justice M.R. Shah
HDFC AMC and Aditya Birla MF, are among the top five funds in the country by assets, have put in big bets on Vodafone Idea's survival
A top techie, Bhat was earlier working as Lead IT Manager driving digital initiatives for distributive trade markets in Hindustan Unilever Limited
Jain who was earlier working with Unilever as Head of IT will work out new digital strategies for the telecom major
Cellular Operators Association of India represents India’s big 3 telcos, Bharti Airtel, Reliance Jio and Vodafone Idea (Vi)