New Delhi/IBNS: The Centre on Wednesday clarified that no money is being paid in acquiring the equity stake in Telecom Service Providers (TSPs) as these companies have opted to convert certain dues payable to the government into equity/preference capital as per the Telecom Reforms Package announced in September last year.
Ratings agency ICRA has revised the industry outlook for the telecom sector from 'negative' to 'stable' as the tariff hike by three big companies, Reliance Jio, Vodafone, and Bharati Airtel, following Centre's reforms package, is likely to increase the industry average revenue per user (ARPU) and also support telco companies to profit.
New Delhi/IBNS: The Department of Telecommunications (DoT) is likely to tell the Supreme Court soon that the government will return bank guarantees (BG) of telcos even for matters which are currently sub judice, ET reported.
Mumbai/IBNS: Vodafone Idea is likely to see almost 70 percent and 14 percent jumps in operating income and revenue respectively in FY22 following a hike in all prepaid tariffs by up to 25 percent, provided it does not suffer consequent market share losses, ET reported citing analysts.
Mumbai/IBNS: Vodafone Idea on October 20 announced that its board has opted for the four-year moratorium to clear Adjusted Gross Revenue (AGR) dues, according to media reports.