Google to buy stakes in Vodafone Idea?

In what could alter the Indian telecom scenario, Google is reportedly exploring to buy a 5 per cent stake in financially-stressed Vodafone Idea, a move that would not only pit Sundar Pichai-led tech giant against Facebook which has poured in Rs 43,574 crore for 9.99 per cent stake in Reliance-led Jio Platforms but also help struggling Vodafone stand up in the world’s fastest growing mobile market. Continue Reading

SC refuses to accept Vodafone’s proposal

The Supreme Court today refused to accept telecom firm Vodafone’s proposal to pay Rs 2,500 crore by today and Rs 1,000 crore by Friday against adjusted gross revenue (AGR) dues and that no coercive action be taken against it. Continue Reading

Telecom stocks surge after tariff hike announcements

Shares of telecom companies today surged on the back of new tariff plans announced by the operators to be effective from 3 December onwards. Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE. Bharti Airtel appreciated 7.35 per cent to trade at Rs 474.80 on the BSE. The stock gained as much as 9.82 per cent to Rs 485.75 in early trade. Continue Reading

Bharti Infra sets 24 Dec as deadline for merger

Telecom infrastructure firm Bharti Infratel on Friday said it has extended deadline for merger of mobile tower company Indus Towers by two months to 24 December while considering regulatory uncertainty looming over the deal. Continue Reading

Vodafone certified TN’s fastest 4G network

The typical download and upload speeds of Vodafone SuperNet 4G network is higher than competition in Tamilnadu for the January to March quarter, said the firm’s officials. Ookla has also certified Vodafone as the fastest network with upload, download speeds for the same period. Continue Reading

Voda-Idea AGM 22 Dec, to ratify CEO & directors

…the company said its 23rd Annual General Meeting (AGM) will be held on 22 December, to seek shareholders’ nod on appointment of Balesh Sharma as the chief executive officer of the company for a period of five years with effect from 31 August. Continue Reading