Page 6 - Idea Cellular News Today

Vodafone Idea, struggling under debt, announced a refinancing plan of up to Rs 45,000 crore. The capital infusion aims to pay off dues, expand 4G and roll out 5G. However, challenges like debt servicing and government payouts remain. Survival is crucial for Indias telecom sector.

Vodafone Idea, struggling under debt, announced a refinancing plan of up to Rs 45,000 crore. The capital infusion aims to pay off dues, expand 4G and roll out 5G. However, challenges like debt servicing and government payouts remain. Survival is crucial for Indias telecom sector.

The issue before the apex court related to the liability of the telecom service providers to deduct TDS under Section 194-H of the Income Tax Act on the amount which, as per the revenue authorities, was a commission payable to an agent by the assessee (telco) under the franchise/distributorship agreement between them.

Aggressive competition from Reliance Jio and Bharti Airtel, low telecom tariffs, a declining subscriber base and no fundraise have put Vodafone Idea on a sticky wicket. The ailing telco desperately needs funds to survive in the market, which once boasted of 12 telecom operators, and for expansion of existing 4G services and launch next-generation 5G services where the competition has taken the lead.

In 2016, the first of 11 payments bank licences was issued. Eight years later, only six are still operational

Vodafone Idea, Indias third-largest telecom operator, reported a smaller-than-expected quarterly loss on Monday, as it added more 4G users....

India is the shining star in the global stock market. The ones that didnt die post-Covid became immortal. Suzlon, Reliance Power, Reliance Infra, Jai Corp, Swan Energy, Idea Cellular, Imagicaa, Jai Prakash Associates, DB Realty and others have rallied 5-20x from their lows. And the ones that saw management changes like CG Power delivered 60x within 3years of being acquired.

 With this deal worth $2.5 billion, Brookfield-sponsored Data Infrastructure Trust’s tower portfolio will reach around 252,000. ATC is Brookfield’s third acquisition in India’s telecom infrastructure space.

The shares had hit a 52-week high intraday Monday, gaining nearly 40% in two trading sessions after the report emerged on the Starlink talks.

Hyatt Hotels Corporation has expanded its senior leadership team in India and Southwest Asia, announcing Deepa Krishnan as head of marketing and Prasad Narulkar as director of digital. Krishnan will lead strategic marketing initiatives and brand development for Hyatts portfolio in the region, having worked at companies like Tata Starbucks, Diageo, Godrej, and Idea Cellular.