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Vi pares Q4 consolidated net loss to ₹7,023 crore - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Updated Mar 02, 2021 | 18:41 IST At Rs 57,122 crore, Reliance Jio emerged as the largest bidder followed by Bharti Airtel which placed bids worth Rs 18,698.75 crore and Vodafone Idea Ltd (Vi) picked up Rs 1,993.40 crore worth airwaves. First 4G spectrum auction in 4 years garners Rs 77.8K crore; Jio bids big | Photo Credit: BCCL Key Highlights Bids worth Rs 77,814.40 cr were received in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands. There were no takers for the premium 700 and 2500 MHz bands DoT aimed to raise Rs 3.92 lakh crore through the spectrum sale India’s first 4G spectrum auction in almost five years which began on Monday garnered Rs 77,814.80 crore from telecom companies over two days. Telecom Department Secretary Anshu Prakash said spectrum auctions were concluded at 12.45 pm on Tuesday after six rounds of bidding. ....
Telcos look beyond mobile services, up digital game, say analysts Telcos are looking to offer digital solutions to ensure customer stickiness. (Photo: iStock) 1 min read Share Via Read Full Story NEW DELHI: India’s telecom operators are looking beyond traditional connectivity services and strategising to provide complete digital solutions to their subscribers, either by building in-house technologies or partnering with other players, to ensure stickiness. Analysts said digital solutions could be collaborations, much like the strategies adopted by Bharti Airtel Ltd and Vodafone Idea Ltd’s (Vi) strategies. Another way could be acquisition of stake in over-the-top (OTT) video streaming platforms and broadcasters, much like Reliance Jio Infocomm Ltd s move. ....
Telcos, DoT remain divided over an upfront payment of AGR dues Vi owes ₹58,254 cr in AGR dues, while its estimates are at ₹21,533 cr (Mint)Premium While telcos said they have already made an upfront payment of 10% of the total dues and need not pay more till 31 March, the government is of the view that the 10% should be paid irrespective of the part-payments made by them before the SC verdict Share Via Read Full Story India’s telecom operators and the department of telecommunications (DoT) have different interpretations of the Supreme Court’s (SC) judgment on 10% upfront payment of their total adjusted gross revenue (AGR) liabilities, which could prolong the legal battle that started in 2005. ....
Stocks to Watch: Vodafone Idea, Bharti Airtel, Lupin, Godfrey Phillips, ONGC Photo: MintPremium Share Via Read Full Story NEW DELHI : Here’s a list of top 10 stocks that could be in news on Monday: Vodafone Idea: Debt-ridden Vodafone Idea Ltd (Vi) reported a net loss of ₹4,532 crore for the December quarter, lower than the ₹6,439 crore a year ago, driven by higher 4G wireless customer additions, improved service quality and cost optimization. India’s third-largest telecom operator by market share had posted a net loss of ₹7,218 crore in the September quarter. TRENDING STORIESSee All 2 min read 2 min read Premium 2 min read ....