KOLKATA: Any steps taken by the government towards a financial bailout of Vodafone Idea (VIL) ultimately won’t be enough for the struggling telco to compete effectively against Reliance Jio Infocomm and Bharti Airtel, analysts said. “The government will find it too expensive to provide a large enough fix needed to prop up VIL for anything other than the medium-term,” Deutsche Bank said in a note seen by ET. The German investment bank said, “The Aditya Birla Group (one of VIL’s co-promoters) may even consider getting Vodafone Idea to go into bankruptcy on the chance that it may be able to repurchase the rump of the business.” It added that this was an “ambiguous area” with the government wanting to avoid promoters buying assets of their failed companies for fear of regulatory arbitrage, even though when it comes to self-declared bankruptcies, the rules are not entirely clear. Vodafone Idea faces over Rs 53,000 crore in AGR-related … [Read more...] about This is why some analysts think it may be the end of the road for Vodafone-Idea
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NEW DELHI: No coercive action will be taken against telecom service providers following the Supreme Court direction to pay outstanding on account of Adjusted Gross Revenue (AGR) in three months, a Department of Telecommunications (DoT) in an internal note Thursday said. "You are directed to not to take any coercive action against the licensees in case they fail to comply with the Supreme Court order, until further orders, " a director of the DoT's Licensing Finance Policy Wing in a notification said. The note was issued by the approval of the Member (Finance). Both Vodafone Idea and Bharti Airtel have sought time from the DoT since the modification plea was under consideration by the top court on the payment of statutory dues. Vodafone Idea which is facing the highest dues worth Rs 53,000 crore has said that although it would comply with the apex court’s orders but the government should hold on till the next hearing before demanding the outstanding. Earlier, the ET has … [Read more...] about Finally, DoT has some good news for Airtel, Vodafone
Oct. 16, 2019: Huawei sold a whole bunch of phones despite the US ban, while a Mate X unboxing video hints at the foldable phone's imminent release. Also, Germany caused an uproar with draft network security rules that would let Huawei work on its 5G networks. … [Read more...] about Huawei ban: Full timeline as US presses Britain to block Huawei from its 5G network
There’s no one “right” level of information, and different things motivate different people. Ultimately, say Raglin and Sachs, something like the ShapeScale would be best for those who already know a lot about fitness and can contextualize the numbers. “This data could be very meaningful, but you need someone who can say, ‘you’ve gained this much, this is good, it puts you at the top 5 percent or 10 percent and this is important for these reasons,’” says Raglin. “If you don’t have someone who can do that for you, or have that sort of knowledge, then it’s just sort of raw information that won’t be that helpful.” … [Read more...] about Will a 3D body scanner help you get fit?
For The Brave Honor the best Honor phones available right now Huawei's ongoing trade ban has affected its Honor sub-brand as well, with the manufacturer launching fewer devices than usual last year. That said, we got to see a few standout phones in the likes of the Honor 20 … [Read more...] about Trump administration set to further restrict Huawei suppliers with new regulations