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The Economic Times

Is there a way out for Vodafone Idea after mounting AGR woes? Balaji Subramanian explains

​If you add the spectrum payouts also, the number goes up to a much higher number. So, the company has given these numbers. It would be around Rs 27,000-28,000 crores in FY26. And from FY27 onwards, it would be around Rs 41,000-42,000 crores. So, these are pretty big numbers. And a favourable outcome would have reduced these numbers by around Rs 8,000 crores.

The Economic Times

2 top stock recommendations from Rahul Sharma

​So, if you speak of macro, we may get into a broad consolidation of 1,000 points where 25,500, 25,600 is the upper end of the spectrum and on the lower side we may head towards 24,500 mark.

Business Standard

Strides Pharma Science gets USFDA nod for generic antidepressant tablets

Strides Pharma Science Ltd on Monday said its arm has received approval from the US health regulator for its generic version of antidepressant Fluoxetine tablets. The approval granted by the US Food & Drug Administration (USFDA) to wholly owned subsidiary Strides Pharma Global Pte. Ltd, Singapore, is for Fluoxetine tablets of strength 60 mg, Strides Pharma Science said in a regulatory filing. The product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Fluoxetine tablets, 60 mg, of TWi Pharmaceuticals, Inc, it added. The Fluoxetine tablets will be manufactured at the company's facility in Puducherry, Strides said. With the approval of the Fluoxetine Tabs 60 mg strength, the company is now positioned to offer a complete portfolio of Fluoxetine across capsules and tablets in 10 mg, 20 mg, and 60 mg strengths, it added. The addition of the Fluoxetine tablets 60 mg will allow for enhanced flexibility in dosing, catering to a broader spectrum of ...

Business Standard

Bharti Airtel deploys additional spectrum across Chandigarh and Punjab

Bharti Airtel has completed the deployment of the additional spectrum it acquired in July 2024. The deployment of additional 5Mhz on the 1800 band will give a boost to Airtel's 4G network capacities which, in turn, will improve and enhance data speeds and provide significantly better coverage inside homes and buildings both in urban and rural areas.

Business Standard

Bharat Biotech, Alopexx partner to develop new broad-spectrum vaccine

Bharat Biotech, based in Genome Valley, Hyderabad, has a portfolio of vaccines and bio-therapeutics, including COVID-19 vaccines and novel vaccines for various infectious diseases

Business Standard

Bharat Biotech partners with Alopexx to develop anti-microbial vaccine

Bharat Biotech on Wednesday announced a collaboration with Alopexx Inc for development and commercialisation of the latter's broad-spectrum anti-microbial vaccine in India and other low income countries. As part of the collaboration, the companies will co-develop and commercialise the vaccine -- AV0328, in India and other licensed territories, Bharat Biotech said in a statement. Alopexx would be entitled to a one-time upfront payment and milestone payments, as well as royalties on future sales of AV0328 in the licensed territories, it added. "Our goal is to develop solutions to reduce anti-microbial resistance through vaccination. This collaboration aligns with our mission to provide safe, affordable, and high-quality vaccines to combat infectious diseases globally," Bharat Biotech Executive Chairman Krishna Ella said. Alopexx CEO Daniel Vlock said, this collaboration brings the company one step closer to addressing the critical need for affordable, broad-spectrum antimicrobial ..

Business Standard

Bharti Airtel boosts its 5G/4G network capacity across Bihar-Jharkhand

Bharti Airtel announced that it has completed the deployment of the additional spectrum it acquired in July 2024. The deployment of additional 5.2 MHz on the 1800 band and additional 7 Mhz on the 900 band will give a boost to Airtel's 5G/4G network capacities which, in turn, will improve and enhance data speeds and provide significantly better coverage inside homes and buildings both in urban and rural areas.

Business Standard

VIL's capital-raise unlikely to plug market share erosion: Goldman Sachs

Vodafone Idea's recent capital-raise while incrementally positive, may not be adequate to stop the telco's market share erosion, according to a note by Goldman Sachs. The brokerage has, in fact, anticipated another 300 bps (basis point) share loss for the company over the next 3-4 years, citing the direct correlation between capital expenditure and revenue market share, and given its own expectation of peers spending at least 50 per cent higher capex versus Vodafone Idea. One basis point is equal to 1/100th of a per cent. "Vodafone Idea's recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company's market share erosion in our view," it said. Additionally, it said, Vodafone Idea has large Adjusted Gross Revenue (AGR)/spectrum-related payments starting in FY26. "While the government has the option of converting some dues into equity, we estimate ARPUs would have to rise by Rs 200-270 (120-150 per cent under different scenarios) versus December

Business Standard

Airtel deploys more spectrum in Rajasthan to boost 5G, 4G network capacity

Telecom operator Bharti Airtel on Wednesday said it has deployed more spectrum across all 50 districts in Rajasthan, boosting 5G/4G network capacities to spruce up voice and data connectivity for subscribers in the state. The deployment will also widen Airtel coverage along highways and rail routes and increase its footprint in rural areas amid an exponential rise in the demand for connectivity. An Airtel release said the company has completed the deployment of the additional spectrum it acquired in July 2024. The additional spectrum has been deployed across all 50 districts in the state. "The deployment of additional 5MHz on the 1800 band and additional 4Mhz on the 900 band will give a boost to Airtel's 5G/4G network capacities, which, in turn, will improve and enhance data speeds and provide significantly better coverage inside homes and buildings both in urban and rural areas," the release said. Subscribers across Jaipur, Udaipur, Jodhpur, Kota, Bikaner, Ajmer, Bhilwara, Alwar,

The Economic Times

SC to hear appeals on Aircel spectrum dispute in October

The Supreme Court will hear appeals in October regarding the transfer of Aircel's spectrum as part of its insolvency resolution plan. The government and lenders are at odds over whether the spectrum should be transferred to the successful applicant or returned to the government. The case involves significant financial stakes for both parties.

The Economic Times

The future of VC funding: Is the funding spring here? Veteran investors to spill the beans beyond hype and uncertainty at ET Soonicorns Summit 2024

Take the next leap, from resilience to resurgence at the ET Soonicorns Summit 2024, on 20 September, as a funding spring looks imminent on the horizon. The panel ‘Surge in Investor Interest: Vision and Outlook of the Indian VC Ecosystem Beyond Hype and Uncertainty,’ at the summit is your chance to understand what investors seek and what are the red flags to avoid. Engage with some of the leading voices from the venture capital spectrum to chart your next course of action. Register now, the seats are limited. See you in Bengaluru!

CNBC TV18

Vodafone Idea clears outstanding dues with DoT, including spectrum payment

Speaking to CNBC-TV18, Vodafone Idea spokesperson said the company has cleared all outstanding payments with Department of Telecom (DoT) and are is up to date with its current obligations, including the payment for spectrum in August 2024.

The Economic Times

Equity funding helps Vi clear its entire ₹700 cr statutory dues for Q1

Vodafone Idea (Vi) has settled its ₹700 crore statutory dues for the April-June quarter, marking the first time in over two years the telecom operator has met its obligations on time. The payment includes licence fees and spectrum charges, a significant improvement from past partial repayments. Boosted by recent equity funding, Vi's cash reserves rose to ₹18,150 crore as of June 30. The company is in discussions with banks to secure up to ₹25,000 crore in debt and has begun securing network deals for 5G and 4G upgrades.

Business Line

Indian Immunologicals develops innovative needle-free intranasal Covid-19 booster vaccine

The vaccine demonstrated remarkable stability and safety in extensive animal studies, generating a robust and broad-spectrum neutralizing antibody respons

The Economic Times

News broadcast body to meet Prime Minister Narendra Modi

The News Broadcasters and Digital Association (NBDA) will hold a meeting with Prime Minister Narendra Modi to discuss issues related to the broadcasting sector, including the draft Broadcast Bill and IT Rules 2021. The NBDA has raised concerns about government overreach and potential disruptions from the Department of Telecom's plans for 5G/6G spectrum allocation.

The Economic Times

GST appellate authority orders Airtel to pay Rs 194 cr GST on license fee, SUC demand

The GST Appellate Authority has directed Bharti Airtel to pay Rs 194 crore for GST on licence fees and spectrum usage charges as demanded by the Department of Telecom. Initially, the company had been asked to pay Rs 604.66 crore, but an appeal reduced this amount. The company is currently assessing the appeal order's impact.

Business Standard

Airtel, SBI Life receive tax demand notice from GST appellate authority

The Goods and Service Tax Appellate Authority has ordered Bharti Airtel to pay Rs 194 crore GST on licence fees and spectrum usage charges demanded by the Department of Telecom, a regulatory filing said on Thursday. The matter pertains to the demand for Goods and Service Tax (GST) of Rs 604.66 crore by the GST Department under the reverse charge mechanism on license fee (LF) and spectrum usage charges (SUC) basis the demand note issued by the Department of Telecommunications. The company had filed an appeal against the order. "On an appeal filed by the Company to Commissioner (Appeals), Central Goods and Service Tax Appellate Authority, Delhi, the Appellate Authority has passed an appeal order reducing the said demand to Rs 194 crore," the company said. The order was received by the company on August 21, and it is assessing the impact of the appeal order and shall take appropriate action.

Business Standard

Telecom sector AGR rose 8.24% to Rs.2.7 trillion in FY24, shows Trai data

Spectrum usage charges collected by the government saw 32% fall

The Economic Times

Telcos AGR rises 8% to Rs 2.7 lakh cr; govt SUC collection drop 32% in FY24

In 2023-24, telecom operators' adjusted gross revenue saw an increase of 8.24%, amounting to Rs 2.7 lakh crore. Reliance Jio led with the highest AGR, followed by Bharti Airtel. Government revenue from licence fees rose while spectrum usage charges decreased. Public Sector Undertakings' share in the AGR witnessed a minor decline compared to the previous year.

The Economic Times

Trai seeks govt clarity on backhaul spectrum rules

Trai has requested clarifications from the government regarding backhaul spectrum allocation as per the new Telecommunications Act. The regulator had proposed different options, including auctions, for spectrum allocation. The telecom operators are divided, with Bharti Airtel and Vodafone Idea favoring administrative allocation, while Reliance Jio supports auctions. The Department of Telecommunications had earlier suggested auctioning the E and V bands.

Business Standard

Voda-Idea expands L900 tech in Kolkata to enhance network infrastructure

Post-acquisition of additional spectrum in the 900 Mhz band in Kolkata, telecom operator Vodafone Idea (Vi) announced expansion of L900 technology in 3000 sites across the city to enhance network infrastructure. L900 is an advanced technology that aims at providing a stronger 4G indoor coverage experience for users, with superior calling and faster data speeds, Vi said in a statement. This is part of Vi's broader strategy to upgrade its network infrastructure, following a successful Rs 18,000 crore Follow-on Public Offering (FPO). Vi has also acquired additional spectrum in the recently concluded spectrum auction, committing Rs 31 crore for 0.4Mhz of spectrum in the 900 Mhz band in Kolkata Circle and Rs 376 crore for 7.6 Mhz of spectrum in the 900 Mhz band in West Bengal Circle. With these, Vi now has a total spectrum portfolio of 334.4Mhz in Kolkata and 536.8Mhz in West Bengal circles. "Our goal is to provide the best network experience, and this upgrade is a testament to our ...

The Economic Times

DoT issues demand notices to Airtel, Vodafone Idea, and Reliance Jio for 5G spectrum payments

In India’s second 5G airwaves sale that concluded June 26, Bharti Airtel was the biggest spectrum buyer, lapping up 97 MHz of 5G airwaves worth Rs 6,856.76 crore. Vi was the second-biggest buyer, acquiring 30 MHz of 5G spectrum for Rs 3,510.40 crore. Telecom market leader Reliance Jio bought a modest chunk of 5G airwaves worth Rs 973.62 crore, its lowest-ever in an auction.

The Economic Times

Eutelsat OneWeb, Jio seek provisional satellite spectrum to be future-ready

Eutelsat OneWeb and Reliance Jio, in a meeting with Scindia and space ecosystem stakeholders, sought provisional satellite spectrum for fast launches. Holding GMPCS licenses and IN-SPACe approvals, with pending DoT and landing rights authorisations, they aim to compete with Kuiper and Starlink. India's space economy could hit $44 billion by 2033 with appropriate policies.

The Economic Times

DoT yet to seek payment for 5G spectrum sold in June auction

The Department of Telecommunications (DoT) has not yet issued demand notes to telecom firms for payment of spectrum won in the latest auction, which concluded three weeks ago. Officials state that the delay is due to awaiting clearance from the finance ministry, possibly tied up with budget preparations for presentation on July 23.

The Economic Times

Trai told to suggest pricing & terms for satellite spectrum

The Department of Telecommunications (DoT) has requested the Telecom Regulatory Authority of India (Trai) to propose pricing, terms, and conditions for the administrative allocation of satellite airwaves under the newly enacted Telecommunications Act, 2023. This move comes as the Act mandates spectrum allocation for satellite services without auctions. Trai officials, while confirming the reference from DoT, anticipate providing recommendations after consulting stakeholders, aiming to finalize rules by year-end. This administrative spectrum allocation is intended for point-to-point connections, excluding direct retail consumer services, pending definition through forthcoming regulations.

The Economic Times

Concierge services take off in India

The concierge services industry in India is witnessing significant growth, catering to diverse needs ranging from luxury purchases to everyday assistance. Companies like Indulge Global, RedBeryl, and Pinch are expanding their services to meet the demands of a wider customer base, including high net worth individuals (HNIs). These services cover a broad spectrum, from organizing exclusive events and securing rare items like Birkin bags to providing emergency assistance such as air ambulances or arranging safe returns after a night out.

Business Standard

Vodafone Idea reaches out to DoT for waiver of Rs 24,700 cr bank guarantee

Debt-ridden Vodafone Idea has reached out to the Department of Telecom to seek waiver on a financial bank guarantee worth Rs 24,747 crore for spectrum payment due in September 2025, according to sources. Vodafone Idea (VIL) needs to securitize the annual instalment one year before the due date of the payment. "Vodafone Idea has reached out to DoT seeking waiver for financial bank guarantee (FBG) worth Rs 24,747 crore which it has to pay in September 2025. The FBG needs to be deposited one year before the due date as per spectrum auction rules," a source, who did not wish to be identified, told PTI. An email query sent to Vodafone Idea elicited no response. The payments are for frequencies that VIL purchased in auctions that were conducted before 2022. VIL in 2022 opted for a four-year moratorium to pay for the spectrum allowed under a government relief package. The moratorium period for the spectrum payment obligations related to spectrum auctions conducted until 2016 ends between

The Economic Times

Vodafone Idea seeks waiver of Rs 24,700-cr bank guarantee from DoT

Vodafone Idea has requested a waiver on a Rs 24,747 crore financial bank guarantee for spectrum payments due in September 2025. The company, with outstanding dues of Rs 2,03,430 crore, is utilizing moratoriums and equity offerings to manage its liabilities. The government's shareholding in VIL has decreased to 23.8% as of March 31, 2024. The company is navigating through financial challenges to sustain its operations.

The Economic Times

Most telecoms want price reduction in 40GHz spectrum band

Telecom companies in India are advocating for a 50% reduction in the reserve price of newly identified high-frequency spectrum ranges in the 40GHz band, citing the high costs associated with building networks in these bands compared to lower frequency bands. This proposal comes ahead of India's first auction of mmWave spectrum for 5G services, encompassing frequency ranges critical for mobility and satellite communications.

The Economic Times

Government notifies additional provisions in Telecom Act 2023

The government has notified new sections of the Telecommunications Act focusing on spectrum utilization and regulatory appointments. The Act aims to enhance efficiency through methods like sharing and trading of spectrum.

Business Standard

Reliance Jio tops with AGR at Rs 25,331 cr, Airtel sees steepest growth

Reliance Jio posted the highest adjusted gross revenue, on the basis of which the government calculates spectrum and licence fee, at Rs 25,330.97 crore while Bharti Airtel saw its AGR grew at sharpest pace in March 2024 quarter, a report by sector regulator Trai said on Thursday. Reliance Jio's adjusted gross revenue (AGR) grew by 10.21 per cent during the latest January-March quarter from Rs 22,985 crore in the same period a year ago. Airtel's AGR grew by 13.25 per cent to Rs 20,951.91 crore in the March 2024 quarter from Rs 15,500.36 crore a year ago. Loss making Vodafone Idea posted a marginal 2.22 per cent year-on-year increase in AGR at Rs 7,370.75 crore from Rs 7,210.63 crore. State-owned BSNL and MTNL posted declines of 4.41 per cent and 13.78 per cent in AGR to Rs 1991.61 and Rs 156.61 crore, respectively. Overall, telecom service providers' gross revenue grew by 3.01 per cent on a year-over-year basis to Rs 87,926 crore and adjusted gross revenue grew by 9.25 per cent in

The Economic Times

Tariff hikes to raise ARPU by 15 pc, help expand operating profits for telcos: Report

Tariff hikes by top telcos in FY25 are projected to significantly boost the industry's PBILDT, leading to a 15% increase in blended ARPU. This increase will aid telcos in deleveraging, funding technology upgrades, and expanding networks while also improving debt levels post-June 2024 spectrum auction.

The Economic Times

Spectrum auction: DoT to issue demand note to Airtel, Vodafone Idea and Jio this week for payment

Telcos receive a demand note for spectrum payment this week after the two-day auction. Airtel led the bidding, with Reliance Jio and Vodafone Idea also participating. The note outlines upfront or instalment payment options, due within ten days.

Mint

Tariff hike: Vodafone Idea to raise mobile tariff by 10% to 24%, following moves by Reliance Jio and Bharti Airtel

Telecom operators Vodafone Idea, Reliance Jio and Bharti Airtel have increased tariffs after the 10th spectrum auction

Business Standard

After Jio, Bharti Airtel announces up to 21% tariff hike from July 3

Reliance Jio and Airtel have hiked tariffs by 10% to 25% following a subdued response to the recent government spectrum auction

The Economic Times

Vodafone Idea's 'big' spectrum spend to help plug user exodus

Analysts added that Vi's spectrum spends of about Rs 3,510 crore - almost 12 times its Rs 300 crore earnest money deposit (EMD) - on the heels of a recent fundraise of about Rs 23,000 crore suggests the telco is preparing for network rollouts and plans to use its fresh 900 MHz spectrum to enhance 4G experience and rein in customer losses.

The Economic Times

Jio hikes tariff by 12.5 to 25%; launches new plans

On Thursday, Jio, owned by Reliance, revealed a tariff increase ranging from 12.5% to 25% alongside the introduction of new plans. In the recent spectrum auction by the Department of Telecommunications, Jio secured additional 1800 MHz band spectrum for Bihar and West Bengal, as informed by Reliance Industries to the exchanges on Wednesday.

The Economic Times

Airtel spends Rs 6,857 cr for 97 MHz of airwaves, mostly to renew permits; Jio picks up 14.4 MHz for Rs 973.62 cr

Airtel and Jio expand networks with new spectrum acquisitions, focusing on enhancing services for improved customer experience and increased coverage. Jio solidifies leadership position with the largest spectrum footprint, deploying advanced technologies for efficient bandwidth usage.

The Economic Times

Jio pays Rs 973.63 cr to buy 1800 MHz in Bihar, West Bengal

Reliance Jio has acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal, spending Rs 973.63 crore. The acquisition aims to address geography-specific demand and ensure quality of service. Jio's spectrum footprint increased to 26,801 MHz (Uplink + Downlink), solidifying its leadership position. The technology-agnostic band, which includes 5 MHz in Bihar and 9.4 MHz in West Bengal, can be paid over 20 annual instalments at 8.65% interest per annum.

The Economic Times

Jio acquires additional spectrum in 1800 MHz band for Rs 973 cr in two circles

Reliance Industries has secured additional spectrum in the 1800 MHz band for Bihar and West Bengal in a recent spectrum auction. The acquisition aims to meet geography-specific demand and ensure a high-quality customer experience. The total cost of the spectrum is Rs 973.63 crore. The acquisition expands Jio's spectrum footprint to 26,801 MHz and enables the company to deploy the largest amount of spectrum across India on bandwidth-efficient technologies like 4G and 5G.