COAI seeks urgent allocation of E and V band spectrum via auction to access providers

KOLKATA: Phone companies have sought telecom minister Ravi Shankar Prasad’s urgent intervention to thwart any potential delicensing of high-value spectrum in the E and V bands or allocation of these airwaves through the administrative route. Such moves would be legally untenable as they would violate the Constitution, upset the level …

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Vodafone Idea extends gain to second day, up 2%

Shares of Vodafone Idea (VIL) extended their gains to the second straight session on Monday after the telecom operator’s British parent Vodafone Group plc on Friday won an arbitration against the Indian government over its demand for Rs 22,100 crore in taxes using retrospective legislation. After gaining 13.60 per cent …

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Trai heeds Vi request, drops RedX inquiry after telco files revised offer

KOLKATA: The telecom regulator, at Vodafone Idea’s request, has abandoned its inquiry into the telco’s RedX premium tariff plan, after the latter recently filed a revised RedX offer and removed the contentious ‘Priority 4G network’ feature and the claim of faster data speeds. “The Authority, considering Vodafone Idea’s request, has …

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Trai drops probe against Voda Idea on priority plan issue after telco tweaks offer

Telecom regulator Trai has decided to drop proceedings against Vodafone Idea Ltd (VIL) in priority plan matter after the telco withdrew contentious claims on faster speed and modified its offering. The move brings down curtains on the controversial priority plan issue, which saw the Telecom Regulatory Authority of India (Trai) …

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Hope this settles matter: Ex-Vodafone counsel Harish Salve

Senior lawyer Harish Salve said the arbitration decision should hopefully end the matter. Salve had successfully represented Vodafone in the Supreme Court, which had overturned the Bombay High Court ruling in favour of the tax department. Speaking to ET from London, Salve said, “I only hope that the issue is …

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Vodafone wins international arbitration against India in ₹14,200-crore tax dispute case

The British telecom giant moved the Hague-based International Court of Justice (ICJ) in 2016. Vodafone Group Plc said on Friday that it had won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving a $2 billion tax claim. An international …

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Market Movers: IPOs hog limelight, telcos bleed; 315 stocks hit lower circuit

MUMBAI: In a session that saw Nifty forming a bearish candle with a long wick, similar to the one made in the previous session, telecom companies tumbled the most on Wednesday and benchmark equity indices fell for the fifth straight day. Even as Nifty looked oversold, analysts ruled out any …

Read moreMarket Movers: IPOs hog limelight, telcos bleed; 315 stocks hit lower circuit

Digital payment companies haul up Trai, telcos for failing to curb fraud calls/SMSes

New Delhi/Mumbai: Homegrown digital payments majors such as PhonePe, Mobikwik, Infibeam Avenues, among others, have joined Paytm in criticising the telecom regulator and operators, including Reliance Jio, Vodafone Idea (Vi) and Bharti Airtel, for failing to provide adequate safeguards in curbing financial frauds where customers are being targeted through calls …

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