Agr Dues News
Vodafone-Idea AGR dues settlement: Govt may hold 35.8% stake as firm moves to convert dues liability into equity
If the plan goes through, then the government will become one of the biggest shareholders in the company, which is reeling under a debt burden of about Rs 1.95 lakh crore.
Google mulling stake in Vodafone Idea positive, but inadequate to solve telcos' debt woes: Analysts
A potential investment by Google into cash-strapped Vodafone Idea (VIL), if materialises, will be a strategic positive for the Indian telecom operator, but a five percent stake would be still be inadequate to solve the telcos' debt problems, analysts said on Friday
Vodafone Idea shares surge nearly 35% on reports Google looking to make investment in embattled telco
At 10:52 AM, Vodafone Idea was at Rs 7.56 per share, up 29.9 percent.
Vodafone Idea will bounce back despite AGR stress, says Bharti Infratel chairman Akhil Gupta
Telecom infrastructure company Bharti Infratel on Friday said it believes that Vodafone Idea will bounce back, and the entity "will be around" despite the stress faced by the operator on account of statutory dues
Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said
Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment
Shares of Vodafone Idea Ltd ended over 9 percent higher on Thursday after British telecom giant Vodafone Plc said it has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues
Vodafone Group makes Rs 1,530 cr payment to Vodafone Idea under 'contingent liability mechanism'
Vodafone Group on Wednesday said it has accelerated a payment of $200 million (about Rs 1,530 crore) to Vodafone Idea, due in September 2020, under the terms of the "contingent liability mechanism"
DoT issues fresh letter to telcos after Supreme Court rap on AGR dues payment; says no self-assessment to be considered
The DoT said that AGR dues calculated by the DoT and submitted to the court would be considered.
AGR dues: Telecom shares crack after SC pulls up Centre, telcos; Vodafone Idea plunges 40%, Bharti Airtel down 5%
Telecom shares came crashing on Wednesday, led by Vodafone Idea which plunged 40 percent, after the Supreme Court pulled up the Centre and telcos for doing self-assessment or reassessment of the AGR dues fixed by the apex court
SC says self-assessment of AGR dues violation of order; telecom stocks plunge, Vodafone Idea plummets 35%
Hearing the Department of Telecommunications plea, a Supreme Court bench held that no further objections to its orders would be allowed against the Adjusted Gross Revenue (AGR) dues.
DoT's suggestion to give telcos 20 years for AGR payment to help resurrect financially stressed sector: COAI
The DoT has raised total demand of around Rs 53,000 core for AGR liability of VIL which included interest, penalty and interest on delay in payment of the amount
Vodafone Idea pays Rs 3,354 cr to govt in AGR dues, claims principal amount fully paid now
Vodafone Idea had pegged its total dues to the government following a Supreme Court order at Rs 21,533 crore—less than half of what the Telecom Department has estimated,
Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr
The total payout by Bharti Airtel, however, is half of Rs 35,586.01 crore liability estimated by the DoT.
Govt gets Rs 25,900 cr in AGR dues, asks telcos to make full payment; says no plan to set up anti-trust laws to curb cartelisation in telecom sector
The minister said the government has "again" directed the operators to make full payments of the AGR dues in a letter dated 4 March 2020.
Govt asks Bharti Airtel, Vodafone Idea, other telcos to pay balance AGR dues without delay: Report
The government has so far received about Rs 26,000 crore from AGR payments, including adhoc/ buffer amounts given by telcos to meet any reconciliation differences with the telecom department
Vodafone Idea shares jump over 6% after reports of telco paying Rs 3,043 cr to DoT towards deferred spectrum dues
Troubled Vodafone Idea on Tuesday paid about Rs 3,043 crore to the telecom department towards deferred spectrum dues, sources said.
DoT to write fresh letters to telecom companies, questions discrepancy in AGR dues math; seeks names of MDs
The move assumes significance as the amounts paid by telcos so far, even those who have announced full and final settlement, is significantly less than DoT's AGR estimates.
AGR woes: Vodafone Idea, COAI push for urgent relief measures to survive crisis ahead of crucial DCC meet
The DoT sources said a lot would also depend on companies like Vodafone Idea making additional payments as the amount received so far from the company is only 7% of the DoT-calculated AGR dues of Rs 53,000 crore.
AGR concerns: Vodafone Group's global CEO Nick Read plans to meet telecom minister Ravi Shankar Prasad
Even as the pressure on Vodafone Idea to pay the AGR dues is mounting, Read and chairman of Vodafone Idea Kumar Mangalam Birla had recently said that they were not keen to infuse any more equity in the firm.
AGR dues: No decision on relief to telcos at Digital Communications Commission meet
The crucial meeting of Digital Communications Commission (DCC) on Friday could not arrive at a decision on relief to the distressed telecom sector and more details are required for reconciliation of AGR data, sources said