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Vodafone Idea: “We have made progress (in fundraising conversations) since the last earnings call. I expect that we will be able to conclude the discussions relating to the equity investor in this quarter, which I had indicated in the last quarter,” Moondra said on the company’s fiscal second-quarter earnings call held on Monday afternoon.
Indian telecom operator Vodafone Idea reported a wider-than-expected loss on Thursday, due to subscriber loss and increased expenses. Consolidated loss after tax was 87.38 billion rupees...
In a world where the corporate landscape has traditionally been male-dominated, Indian women have been making remarkable strides in the business arena. Here,
Bharti Airtel: No potential tax demand estimates for Vodafone Idea (Vi) were immediately available as the telco has been running losses since the merger in August 2018. "Any retrospective demands pertaining to any past tax payment shortfalls can only be based on a review of the pre-merger financials of erstwhile Vodafone India and Idea Cellular, when they were profitable," said an analyst at a global brokerage.
Indias top telcos are expected to file a review petition against the Supreme Courts ruling to treat licence fees as a capital expenditure that could potentially prompt authorities to raise hefty retrospective demands, including penalties on operators for tax payment shortfalls of past periods.