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Vodafone Idea reports gross revenue of R...

Vodafone Idea Limited has reported its financial results for the quarter ended (QE) March 2019. As per the reported results, the operator’s gross revenue stood at Rs 117.75 billion during the quarter.

Tata Communications has reported its consolidated financial results for the quarter ended (QE) and year ended March 2019.

EBITDA for the year stood at Rs 3,122 million, while net profit for the year was Rs 1,069 million. Further, the board has recommended a dividend of 12 per cent.

The Securities & Exchange Board of India (SEBI) is believed to have cleared Bharti Airtel’s upcoming Rs 250 billion rights issue.

Tata Communications has extended the period for scheme of arrangement for de-merger of surplus land from Tata Communications to Hemisphere Properties India Limited (HPIL) from March 31, 2019 to March 31, 2020.

As per industry sources, California based Avaya Holdings Corporation is planning to opt for a leveraged buyout offer from a private equity firm that is valuing it at over $5 billion, including debt.