January 19, 2022 10:59 (IST)
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Air India curtails flight operations to US owing to deployment of 5G communications | Three navy sailors killed in explosion onboard destroyer ship at Mumbai dockyard | Himanta Biswa Sarma meets political parties, students’ organizations on Assam-Meghalaya border row | SC order on Antrix-Devas deal is proof of Congress's misuse of power: Nirmala Sitharaman | Covid tests falling, need to ramp up: Centre directs states

No payment for acquisition of equity stake in telcos, move aimed at easing debt burden: Centre clarifies

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.

ICRA revises outlook for telecom sector; says ARPU to increase to Rs 174 by FY23 end

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.

DoT likely to return bank guarantees of telcos, govt to approach Supreme Court: Report

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.  

Tariff hike will boost loss-making Vodafone's EBITDA by 70 pc: Report

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.

Vodafone Idea opts for 4 yr moratorium to clear AGR dues

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.