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The shares will be offered at Rs 535 apiece, including a premium of Rs 530

Paid licence fee dues for first quarter of 2021-22: Vodafone Idea

India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.

The world’s cheapest data costs have done wonders for India by helping spread the benefits of the internet beyond a tiny, urban, affluent class. But there’s a problem: Successive governments have hounded telecom operators with outlandish financial demands. Now things have gone too far. Vodafone Idea Ltd., one of the three private-sector competitors left standing in what used to be a field of a dozen players, is very close to crumbling under the weight of its $30 billion debt. That will effectively turn the wireless market in the nation of 1.4 billion people into a duopoly. Maybe not immed...

Vodafone Idea’s (VIL) Q4FY21 cash EBITDA at Rs22bn benefited from one-off gains in network cost of Rs4.5bn; adjusted cash EBITDA came in below estimate despite cost-saving efforts. Though VIL has seen marginal improvement in 4G subscriber (sub) addition and lower total subs loss, it is too little to make any difference. The brokerage sees liabilities coming up for payment soon and VIL may have cashflow mismatch. The efforts to raise funds has also not yielded any outcome yet. Relief from government on spectrum payment, and reduction in AGR liability on SC accepting reconciliation are other ...