Vi to convert Rs 16,100 cr debt into equity; govt to take 33 pc stake
Mumbai: The Centre has asked the cash-strapped telco Vodafone Idea (Vi) to convert all interest related to payments for spectrum and other dues into equity.
India: Next-gen cellular network 5G to be rolled out soon
New Delhi/IBNS: India has completed its 5G spectrum auction on Aug. 1 and will soon roll out 5G services in the South Asian nation, as per media reports.
5G auction: DoT issues demand notices asking all 4 bidders to pay by Aug 16
New Delhi: The telecommunication department has asked all the four participants of the 5G spectrum auction--Reliance Jio Infocomm, Bharti Airtel, Adani Data Networks, and Vodafone Idea-- to make payments by August 16.
31 companies approved under PLI Scheme for manufacturing of telecom and networking products
New Delhi: A total of 31 companies have been selected under the PLI Scheme for manufacturing of telecom and networking products in India, Minister of State for Communications Devusinh Chauhan said in a written reply to Lok Sabha on Wednesday.
India to overhaul age-old telecom policies to achieve digital dreams
New Delhi/IBNS: India plans to revamp its telecommunication sector, the key to Prime Minister Narendra Modi's digital ambitions, but the century-old policies and bitter legal disputes have hindered the government's attempts to develop the sector.
New Delhi/IBNS: Vodafone Idea lost 5.7 million customers in December, highest since March 2020, according to Telecom Regulatory Authority of India's (Trai) report.
Relief for Vodafone as Supreme Court orders government to pay Rs 833 cr in tax refund
New Delhi/IBNS: The Supreme Court on Wednesday directed the Income Tax department to pay Rs 833 crore, as tax return, to Vodafone Idea, against the arguments that the amount be deducted from the AGR (adjusted gross revenue) which the telecom company still owes to the government, a media report said.
Vodafone and Asus announce partnership, to launch ZenFone Max Pro
Mumbai, May 4 (IBNS): Vodafone on Friday announced its partnership with Asus to offer a fully loaded value proposition for customers who purchase the newly launched Asus ZenFone Max Pro (M1) smartphones, an official release stated.
Jio says it hasn't launched any JioCoin App
Mumbai, Jan 31 (IBNS): Telecom giant Reliance Jio said on Wednesday that it has not launched any JioCoin App.
Four different rates of GST taxes, no price push up : Arun Jatiley
New Delhi, May 19 (IBNS) : Union Finance Minister Arun Jatiley on Friday announced the Goods and Services Tax rates to be effective from July 1, while assuring that they will not push up prices.
Waning appetite for credit in power, telecom, mining; steel witnesses uptick: ASSOCHAM
New Delhi, May 15 (IBNS): With appetite disappearing for both lenders and borrowers in highly debt-ridden sectors like power, telecom and mining, the deployment of bank credit to these industries have witnessed a plunge and the trend may continue unless the basic issue of red mark in the balance sheets of banks by way of Non-Performing Asset (NPAs) and the corporate firms in the form of back breaking leverage, is addressed, an ASSOCHAM Paper has said.
Indus Towers launches the second edition of its Sustainability Report
New Delhi, June 21 (IBNS): Building on its philosophy of ‘Putting India First’, Indus Towers, India’s largest telecom tower company, recently launched the second edition of its annual Sustainability Report for FY2014-15.