vodafone

The telecom department has floated a cabinet note on proposed foreign fund infusion plans by India’s largest telecom operator Vodafone Idea, which is planning up to Rs 25,000 crore rights issue, according to a source.

Reliance Jio topped in terms of 4G availability among the telecom service providers with 98.8 per cent availability during the second half of 2018, an Ookla report said today.

The company is also planning to raise Rs 25,000 crore through rights issue, in which the promoter shareholders Vodafone Group and Aditya Birla Group have reiterated to the board that they intend to contribute up to Rs 11,000 crore and Rs 7,250 crore, respectively as part of such rights issue.

Vodafone has introduced a new prepaid plan for Rs. 119, which offers unlimited calling for one month.

Telecom operator Vodafone Idea on Wednesday reported a consolidated loss of Rs 5,005.7 crore for the third quarter of 2018-19 on account of high finance cost, network integration cost and mobile tower exit charges.

Telecom operator Vodafone Idea has sought two-years moratorium on annual spectrum payment of about Rs 10,000 crore, citing high debt levels and stress on the balance sheet.

To compete with Jio, Airtel and Vodafone have come-up with new prepaid recharge rates under Rs 100. While Vodafone has a recharge plan of Rs 95, Airtel is giving two different plans under Rs 100.

 The Delhi High Court has dismissed telecom major Vodafone’s plea seeking directions to the Income Tax Department to expeditiously process its claim for refund of over Rs 4,759 crore in respect of returns filed for the assessment years (AYs) 2014-15 to 2017-18.

Delhi High Court has dismissed telecom major Vodafone’s plea seeking directions to the Income Tax Department to expeditiously process its claim for refund of over Rs 4,759 crore.

New Delhi: Vodafone Idea is in the process of reducing the number of its distributors by…