Vodafone and Bharti have pointed out that, for data, their revenue realisation should be at Rs 30-35 per GB for them to cover their costs as opposed to the current figure of over Rs 11 per GB. But Jio has suggested a gradual increase to Rs 15 per GB and then maybe to Rs 20 per GB after six to nine months.
Earlier this week Vodafone CEO Vittorio Colao had said, 'one day we will discuss (Vodafone and Bharti Group) what to do with the stake. To have a discussion on any issue we need to have both the partners.' In 2005, Vodafone had bought a 10 per cent stake in Bharti Tele-Ventures Ltd (BTVL) for Rs 6,700 crore (Rs 67 billion).
The SC had reserved its verdict on a bunch of similar petitions.
Today is the last date for submitting the applications and companies have the option to withdraw them by January 27.
The Supreme Court on Friday declined the request of Vodafone and Bharti Airtel to extend their licences along with spectrum for 10 more years.
The Allahabad high court on Friday "partly allowed" a plea of Rajesh and Nupur Talwar and directed the Central Bureau of Investigation to bring on record report of their narco tests and asked the trial court to summon some witnesses in the Aarushi-Hemraj murder case.
Banking and telecom will see the highest impact of this transition.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
With the Telecom Regulatory Authority of India (Trai) refusing to reserve 900-MHz spectrum for incumbent telcos, asking them to vacate the quantity held and win back through bidding, GSM operators, led by the Cellular Operators Association of India (COAI), have decided to propose a compromise formula.
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