Govt might be take over Vodafone Idea Limited
Govt might be take over Vodafone Idea Limited:
Kumar Mangalam Birla aid that with a “sense of duty” towards 27 crore customers, the telecom giant is willing to hand over its stake to Public Sector Unit (PSU), a government entity or a domestic financial entity.
Kumar Manglam Birla, the chairman of Aditya Birla Group, has written to the government saying that he was ready to “hand over stake” in Vodafone-Idea (Vi) to a government entity.
In a letter to Cabinet Secretary Rajiv Gauba on June 7, Birla sought clarity on adjusted gross revenue (AGR), adequate moratorium on spectrum dues and floor pricing adding that without immediate and active government support VIL’s operations will be at an “irretrievable point of collapse”.
He also cited that investors had also sought clarity on these issues.
He said that, with a “sense of duty” towards 27 crore customers, the telecom giant was willing to hand over its stake to Public Sector Unit (PSU), a government entity or a domestic financial entity.
“Happy to work with the government to urgently explore all possible solutions, without consideration of our private interest,” he said.
Birla also revealed that the telecom company was yet to approach any Chinese investors. He said that foreign investors wanted to see a clear government intent to have a three-player telecom market.
The Supreme Court (SC) of India, on July 23, rejected Bharti Airtel, Vodafone Idea and Tata Teleservices’ application seeking re-computation of the adjusted gross revenue (AGR)–related dues.
In 2020, the apex court gave 10 years’ time to telecom service providers struggling to pay Rs 93,520 crore of AGR-related dues to clear their outstanding amount to the government.
However, in their plea, the telecoms majors raised the issue of alleged errors in the calculation in the figure of AGR-related dues demanded by the Department of Telecommunication (DoT).
Burdened with the claim from the DoT, the telcos appealed to the Supreme Court to provide the option of staggered payments over either 20 years or 10 years. Vodafone-Idea argued that the only way to repay such a huge sum would be to ‘earn and pay’.
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Last updated by: Original
Conclusion:
You’ll have two options – Jio or Airtel ke sath Jio 
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Misleading title.. Govt has not said anything
Customer can be shifted to BSNL
Birlas just want a way out it seems …Their Stake is worth big 0 (yes…VI assets are less than liabilities)
1st inplant news by some analyst saying nationalization is the only way of survival
then Our Birla openly invites Govt to take over it…
Pure Greed of Vodafone/Idea that they are at this stage..
for years they didnt paid Govt the required dues of AGR nor made any provisions not invested in networks to match it with Airtel or Jio… (Vodafone/Idea had great network only in patches ..like Vodafone was solid in Mumbai but pathetic in rest of MH)
When Vodafone and Idea merged most of the towers got removed in name of optimization ..resulting in even pathetic experience which shows in the subscribers they are loosing since long..plus their so frequently auto VAS activations
When everyone was investing in fixed broadband, this guys slept (Idea dont even have fixed broadband offering, Vodafone acquired). Fixed Broadband users or Dongle users are the high paying users compared to mobile users ..unfortunately they dont have such customers
BSNL is enough to burn tax payers money …I dont think Govt needs one more such company ..
at best govt may give them some waivers/extra time to pay
irretrievable point of collapse
Where is that money collected via 400 rupee per gb ??🥰🥰🥰
Time to watch 4k HD videos on my vi double data plan. Consume it while it last. Regain the 400/gb loot🥰
modi is trying to sell everything and you are saying govt will take over lol … 😂
Hume kya ! Katega to consumers ka hi na ??
Earlier they looted us , now we looted them
Operator dont give two piece of sht for jnproving services
Its the money they enjoy
So better that loans or pay not due to govt and later claim
Bankrupcy
I think govt may auction the resource of vodafone to recover
The market is headed towards havign 2 private and 1 govt player only in coming time
1. Govt is selling PSUs , giving away PSUs to Private entities
2. Private Companies are arranging giveaway of debt drowning companies and making govt to buy those debt companies with taxpayers’ money.
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Sabka Sath Sabka Vikash hua ki nehi
Those who are not seeing vikash they r non-believers of our beloved fakir.
Hypocrisy ke bhi sima hoti hain.
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Iske baad airtel ka time aayega.
JIO will always be like dhan dhana dhan
any example of such drowning company which Govt bought ??
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If the Videocon and Ruchi soya situations are a pointer, the lending Banks will takeover, take a “haircut” (read write off) of 96% using tax payers money and then Adani or Patanjali will take over by paying 4% of the actual liabilities.
Har post me modi ambani kyo chha jata hai.. itni mirch kyo lagti hai kuchh logo ko..aise karo election ladkar khud hi ban jao pm.. fir karna soniya rahul ki jay.. oar doubt ye hai dd ke alwa koi janta bhi na hoga.. gyand dena band kare and action me aaye.. warna ye bawasir kabhi nahi thik hoga aaplogo ka
#No_Comments Ise kahte hain #Sidhi_Baat_No_Bakwaas
On the company’s plans to support Vi, which is struggling to raise fresh capital, Read, speaking during an investor conference call, said, “We as a group try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India.” His comments came on the day the Supreme Court dismissed Vi’s application for recomputation of adjusted gross revenue dues
Look’s like they are no more interested to fund this unit
It’s a wildcard to get their dues off.
Dues maaf though nahi hoga as writing it off is not in the hand of govt.
And supreme Court is not ready to hear anything regarding writing off agr or reducing agr.
Vi ki vinash ab pakki hai.
With the uncertainty around air now people will rush to port there numbers now and loss of subscribers is very high for vi in near future.
Jio be like
Dhanda nahi karna aata to aise hi hoga..jio ne lanka kaise laga di inki..kyoki ye log loot rahe the.. ab khud loot gaye..customer ka kya hai.. wo kisi ka saga nahi..aaj amajon se setting hai kal flipkart se kar lega.. jo accha degi uske sath jayega..
Jio nahi tha tab ye log apne ko loot rahe the.. na loot rahe hote to jio masterstroke laga hi nahi pata.. abhi ke time customers ke liye jio gf hai.. baki airtel and vi wife.. jinko bas smbhal kar rakhna hai .. maje jio se lene hai
Oh No!