After the tower business’s August 14 buyback, which Bharti Airtel led, concludes, the telecom infrastructure company will have only one shareholder Indus Towers. Previously holding 48.95% of the business, Airtel will now own over 50% of Indus Towers, forming the telecom behemoth’s subsidiary. On August 14, Indus Towers started repurchasing Rs 465 per share, for…
Four initial public offers (IPOs) totaling more than Rs 11,850 crore were completed in the first week of August, demonstrating that the volatility in global equities hasn’t dulled the shine on the primary market. This pattern will probably continue as 25 companies that have received approval from the Securities and Exchange Board of India (Sebi)…
Vodafone Idea has decided to hold over an additional Adjusted Gross Revenue (AGR) dues of Rs 8,837 crore for a period of four years, and avail of the Government’s four-year prohibition on such payments. The dues concern FY18 and FY19, which were not covered by the Supreme Court’s October 2019 order, under which telecom operators…
Telecom operators are probably to soon announce another set of tariff hikes as they look to upgrade their Average Revenue Per User (ARPU) by picking out low-paying, inactive subscribers. The initial concern regarding hiking tariffs seem to have gone as despite the hikes undertaken in December 2021, the active subscriber base of the industry has…
