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Airtel, Voda Idea and Jio to hike mobile, data tariffs by up to 40%
Posted on 2nd December 2019

Bharti Airtel and Vodafone Idea on Sunday announced a tariff hike in the range of 15 per cent and 40 per cent across different plans. The tariff hike by both companies will be applicable from December 3, 2019. Vodafone Idea on Sunday said its new plans for its prepaid products and services would be available across India, starting 00:00 hours of December 3, 2019.

Airtel's new plans represent tariff increases in the range of a mere 50 paise per day to Rs 2.85 per day and offer generous data and calling benefits.

Vodafone Idea net worth down 70%, Bharti Airtel hurt but still in the game
Posted on 15th November 2019
The record losses posted by Bharti Airtel and Vodafone Idea and the resulting erosion in their net worth have led to an immediate rise in the leverage ratio of these two operators. While Vodafone Idea has taken the maximum hit, Bharti Airtel has escaped with a minor deterioration in its balance sheet ratios.

Vodafone Idea’s net debt to equity ratio has jumped to a record level of 4.5x at the end of September this year, as against 1.24x at the end of June and 1.8x at March-end.

Mounting stress: Vodafone Idea seeks debt restructuring
Posted on 31st October 2019
Vodafone idea, which is reeling under $14-billion net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the company, people with direct knowledge of the matter said.

Vodafone Idea, formed by last year’s merger of the British telecom firm’s local unit with Idea Cellular, has warned lenders that it won’t be able to honour its commitments for long under current conditions, the people said, asking not to be named as the discussions are private.

Vodafone Idea reaches out to lenders for debt revamp as losses mount
Posted on 30th October 2019
Vodafone Group Plc’s Indian venture, reeling under $14 billion of net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the sinking carrier, people with direct knowledge of the matter said.

Vodafone Idea Ltd., formed by last year’s merger of the British telecommunications firm’s local unit with billionaire Kumar Mangalam Birla’s Idea Cellular Ltd., has warned lenders that it won’t be able to honor its commitments for long under current conditions, the people said, asking not to be named as the discussions are private.

Vodafone Idea may press for review
Posted on 26th October 2019
The Supreme Court verdict on adjusted gross revenue in telecom has dealt a huge blow to the operations of Vodafone Idea, severely battered by the vicious price war in the sector since the launch of Mukesh Ambani’s Reliance Jio in 2016.

The company on Thursday warned the latest verdict on the definition of telecom revenue will have “damaging implications” for the industry, and indicated it could explore filing a review application after legal consultation.

SC verdict a body blow for stressed Vodafone-Idea, Bharti Airtel
Posted on 25th October 2019
The fortunes of financially stressed telecom incumbents worsened on Thursday as they face a massive `92,000-crore liability with the Supreme Court upholding the government’s definition of adjusted gross revenue. While the amount owed by Bharti Airtel is `21,682 crore, Vodafone Idea needs to pay Rs 28,308 crore.

Jio, Vodafone Idea, Airtel pay govt over Rs 4500 crore in spectrum dues
Posted on 22nd October 2019
Private telecom operators Reliance Jio, Vodafone Idea and Bharti Airtel have paid the Telecom Department over Rs 4,500 crore in spectrum dues in the last three to four days, according to sources.

Sources said that the payments came in before the due date.

Vodafone Idea rolls out suite of online presence tools for small businesses
Posted on 16th October 2019
Vodafone Idea Business Services, the enterprise arm of telecom operator Vodafone Idea, on Wednesday launched a suite of online presence tools to power small businesses. Named ‘WebBuddy’, the suite is a Do-it-Yourself (DIY) website builder, which enables small businesses to set up their professional responsive websites, get advanced business email, or start selling products through an integrated e-commerce solution, a company statement said.

After Vodafone Idea, Airtel’s Sunil Mittal raises low mobile tariff issue
Posted on 5th October 2019
After Vodafone Idea, Bharti Airtel has raised the issue of extremely low mobile tariffs currently prevalent in the industry and sought the government’s intervention in the matter. According to sources, Bharti Enterprises chairman Sunil Mittal met communications and IT minister Ravi Shankar Prasad on Friday and highlighted the issue while seeking support from the government.

Top Vodafone officials meet telecom secretary ahead of spectrum auctions
Posted on 1st October 2019

Vodafone Chairman Gerard Kleisterlee, Chief Executive Officer Nick Read and Vodafone-Idea Managing Director and CEO Ravinder Takkar on Monday met telecom secretary Anshu Prakash at a time when the government is busy preparing for the upcoming spectrum auctions.

Vodafone Idea has been seeking a two-year moratorium on its annual spectrum payment citing debt and stress on balance sheet.

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