What pushed Vodafone Idea, Airtel into biggest losses since inception?

Both firms have consequently red-flagged uncertainty over their ability to continue as going concerns, with VIL stating that it will be submitting a review petition on the apex court’s ruling on AGR.

published on : 14th November 2019

Bharti Airtel posts mega loss of Rs 23,045 crore in July-September quarter amid AGR woes 

The company said that the apex court ruling has 'significant financial implication on the company.'

published on : 14th November 2019

Airtel, Vodafone Idea to announce Q2 results on November 14

Bharti Airtel had, last month, told the exchange that it has deferred the September quarter result announcement till November 14, due to the AGR issue.

published on : 9th November 2019

India refuses to waive off USD 13 billion dues of Vodafone Idea and Airtel 

Vodafone Group Plc’s Indian venture has $14 billion worth of obligations, while Bharti Airtel is rated junk by Moody’s Investors Service.

published on : 6th November 2019

Panel mulls long repayment period for Bharti Airtel, Vodafone Idea AGR dues

While, Bharti Airtel and Vodafone Idea both stand to shell out over Rs 40,000 crore each, rival Jio has a liability of just Rs 13-14 crore.

published on : 6th November 2019

Airtel provides Rs 4 lakh life cover to pre-paid customers under Rs 599 plan

A physical copy of the insurance will be delivered to customer's doorstep on request.

published on : 4th November 2019

Vodafone Idea ends in red, Airtel up amid telcos' financial bailout buzz

Its shares fell over 3 per cent on Tuesday after the company deferred the September quarter result announcement till November 14, due to the adjusted gross revenue (AGR) issue.

published on : 30th October 2019

Hope government takes 'balanced approach' on AGR issue to ensure sector's long-term viability: Airtel

The telcos are pitching for a waiver of interest and penalties on the unpaid amount, as well as staggering payment of principal licence fee over 10 years, sources said.

published on : 30th October 2019

With huge fines on telecom companies, India hangs up on the future

The Supreme Court has now ordered the companies to pay the government not just the dues but a hefty penalty - as well interest on both.

published on : 30th October 2019

Cabinet panel to examine relief measures for battered telecom companies

Telecom Service Providers have to cough up dues, penalty and interest worth Rs 92,640 crore within three months, and maybe even Rs 41,000 crore in additional SUC payments.

published on : 30th October 2019

Airtel delays results as it seeks 'support' from government over Rs 42,000 crore statutory levies

It was scheduled to announce earnings for July-September quarter on Tuesday but in a notice to the stock exchanges, it said the same is now being deferred till November 14.

published on : 29th October 2019

Bharti Airtel shares drop nearly 5 per cent as company defers September quarter results

The company was earlier scheduled to approve and release its Q2 numbers on Tuesday.

published on : 29th October 2019

Airtel defers September quarter results till November 14 citing adjusted gross revenue issue

'The Sunil Mittal-led company said it is approaching the Department of Telecom (DoT) to seek clarity on the total amounts involved and "request for their support to deal with this adverse outcome.'

published on : 29th October 2019

Supreme Court gives three months time for telcos to pay Rs 92,000 crore dues

The two largest incumbents Bharti Airtel and Vodafone Idea now stand to shell out a whopping Rs 21,682 crore and Rs 28,308 crore respectively to the government.

published on : 26th October 2019

Vodafone-Idea problems deepen after stocks tumble 15 per cent to hit 52-week low

Shares of Bharti Airtel were also in the red, although they did not suffer major losses on Friday and were trading at Rs 370.35, lower by Rs 2.10 or 0.56 per cent from their previous close.

published on : 25th October 2019
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