The government expects around a 60% on year jump in revenue from the telecom sector at Rs 53,986.7 crore in FY22 against a modest Rs 33,737 crore earned in the current fiscal year to March 31, according to budget documents. Industry experts said the Centre’s higher revenue estimates from the telecom industry appear to be … Read more
Mumbai: Telecom major Vodafone Idea is likely to narrow its losses in the September quarter from the record loss it reported in the year ago period. Revenues may, however, not see material upside as the company has been losing subscribers rapidly. Even though it has lost the subscriber base, it may still see some improvement … Read more
KOLKATA: Vodafone Group Plc’s win in the international arbitration against India in a retrospective tax case does not change local joint venture Vodafone Idea’s weak ground situation and is unlikely to trigger fresh investment momentum, even from its British parent, said analysts. They said the Vodafone Group won’t see any fresh money come in, nor … Read more
New Delhi: Top telecom industry leaders have called for a floor price and sharp reductions in telecom levies and airwave costs to restore the financial health of the debt-laden telecom sector. Speaking at the ET Telecom Digital Telco Virtual Summit 2020 on Friday, these executives also called on the regulator to ensure there is no … Read more
MUMBAI | NEW DELHI: Reliance Jio Infocomm informed the Supreme Court that it would be a “travesty” of the law if rival telcos are made to pay each other’s dues. In an affidavit in the top court on Monday, the telco said the Department of Telecommunications had created “misunderstandings” over the statutory liabilities and that … Read more
The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. “We do not see any reason to interfere in the matter. The special leave petition … Read more