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Why the Centre s new telecom announcements could give Vodafone-Idea a lifeline

Govt preparing relief package for telecom sector

Govt preparing relief package for telecom sector SECTIONS Share Synopsis An official said there has been no communication from Vodafone Group on the proposal so far and the government has also not sought any clarification. “We have already announced a ₹70,000-crore package for BSNL. The government’s hands are full,” the official added. The package will allow surrender of spectrum, reduce bank guarantees, phase out levies and prospectively define AGR to provide relief to the sector, an official said. The government is preparing a relief package for the telecom sector, but has no plans of responding to Aditya Birla Group chairman Kumar Mangalam Birla’s offer of handing over the group’ stake in Vodafone Idea to any public sector or domestic financial entity, said senior officials.

Bharti Infratel shares jump 40% in a month; here s why

Bharti Infratel shares jump 40% in a month; here s why Bharti Infratel shares rose as much as 39.82 per cent over the last one month and 16.62 per cent since the begging of this month Chitranjan Kumar | December 14, 2020 | Updated 17:28 IST Bharti Infratel shares closed at Rs 246.50, up 0.65 per cent Bharti Infratel share price rose over 3 per cent in intraday to Rs 252.85 on the Bombay Stock Exchange (BSE) on Monday after the telecommunications infrastructure company said it has received the approval from the Registrar of Companies (ROC) for changing its name to Indus Towers. The company, a subsidiary of Bharti Airtel, saw its stock rising as much as 39.82 per cent over the last one month and 16.62 per cent since the beginning of this month.  

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