Coai

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Coai - Total results - 261
Telcos seek Rs 35k cr GST refund, pending payment of Rs 20k cr from state-run firms
Business

Telcos seek Rs 35k cr GST refund, pending payment of Rs 20k cr from state-run firms

"The telecom industry has unutilized GST input tax credit over Rs 35,000 crore for which the sector has repeatedly demanded a refund," COAI Director General Rajan S Mathews said in a statement.

Coronavirus Outbreak: Telecom industry in talks with states, local authorities to open recharge outlets
Business

Coronavirus Outbreak: Telecom industry in talks with states, local authorities to open recharge outlets

The telecom industry had been pushing for opening up retail recharge points, particularly to help feature phone mobile users to go in for recharges.

Telecom infra firms ask BSNL to immediately clear Rs 1,500 cr dues; say non-payment results in mobile service outage
Business

Telecom infra firms ask BSNL to immediately clear Rs 1,500 cr dues; say non-payment results in mobile service outage

Despite the relief package the losses of BSNL swelled by over 2.5 times to Rs 39,089 crore during the April-December 2019 period.

Coronavirus Outbreak: COAI dials FM for telecom sector relief; says urgent measures must
Business

Coronavirus Outbreak: COAI dials FM for telecom sector relief; says urgent measures must

Industry body COAI has written to Finance Minister Nirmala Sitharaman seeking urgent relief measures, including lowering of levies with immediate effect, for the telecom operators on account of the "adverse impact" of COVID-19

COAI asks Netflix, Amazon Prime Video, others to take steps to ease network pressure
Business

COAI asks Netflix, Amazon Prime Video, others to take steps to ease network pressure

Citing the "unprecedented situation" due to the outbreak of coronavirus, COAI noted that the governments are taking various measures to reduce social interactions, in order to contain the spread of the pandemic.

AGR dues: Govt is well aware of implications if relief not provided to telcos, says COAI
Business

AGR dues: Govt is well aware of implications if relief not provided to telcos, says COAI

Industry body COAI on Friday said the government is well aware of implications of leaving the stressed telecom sector without a relief package, as it urged policymakers to use "tools" available to find appropriate solutions expeditiously

DoT's suggestion to give telcos 20 years for AGR payment to help resurrect financially stressed sector: COAI
Business

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

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
Business

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.

AGR dues: Telecom industry body COAI rings alarm bells; asks govt to ease terms for payment, cut in licence fee
Business

AGR dues: Telecom industry body COAI rings alarm bells; asks govt to ease terms for payment, cut in licence fee

Industry body COAI has sent out a distress signal to the government seeking easier terms for payment of statutory dues by telcos, including extension of loans at lower rates to cover AGR liabilities, as also fast implementation of floor prices, to rescue the troubled sector

AGR woes: No case for differential treatment to PSUs on statutory dues matter, says telecom industry body
Business

AGR woes: No case for differential treatment to PSUs on statutory dues matter, says telecom industry body

Industry body COAI said on Wednesday that AGR formula being applied on mobile operators should be applicable on all other categories of telecom licences and there can be no differential treatment for relevant PSUs in this regard

Delay hits Airtel, Tata Teleservices merger; unlikely to get govt nod this year as deal caught in AGR dues controversy
Business

Delay hits Airtel, Tata Teleservices merger; unlikely to get govt nod this year as deal caught in AGR dues controversy

Bharti Airtel on 1 July announced that the consumer mobile business of Tata Teleservices Ltd (TTSL) has now become a part of the company

World's cheapest, biggest telecom market faces life-threatening crisis; industry favours TRAI intervention to fix floor price
Business

World's cheapest, biggest telecom market faces life-threatening crisis; industry favours TRAI intervention to fix floor price

With 1 gigabyte (GB) of mobile data costing just $0.26 compared to $12.37 in the US and $ 6.66 in the UK, India in 2019 emerged as the nation with the cheapest telecom tariff in the world.

Union Budget 2020-21: COAI raises AGR issue, seeks cut in levies at meeting with Nirmala Sitharaman
Business

Union Budget 2020-21: COAI raises AGR issue, seeks cut in levies at meeting with Nirmala Sitharaman

Amid mounting financial woes of the telecom sector, industry body COAI raised the issue of adjusted gross revenue and sought cut in levies like licence fee and spectrum usage charges during a meeting with Finance Minister Nirmala Sitharaman on Friday

Telcos propose TRAI to regulate data tariff by fixing minimum price; say fierce competition makes it difficult to decide
Business

Telcos propose TRAI to regulate data tariff by fixing minimum price; say fierce competition makes it difficult to decide

COAI in a letter to TRAI said that Reliance Jio, Bharti Airtel and Vodafone Idea have agreed that data tariffs should be regulated, a move which was vehemently opposed by the industry players in the past

Airtel, Vodafone Idea new rates effective from today: Tariff hike good for customers; to boost govt revenue, create jobs, says COAI
Business

Airtel, Vodafone Idea new rates effective from today: Tariff hike good for customers; to boost govt revenue, create jobs, says COAI

This is the first hike in the past five years in the country's telecom space that was facing tariff war, with voice calls becoming almost free in 2016 and steep 95 percent fall in data prices to Rs 11.78 per GB at present from Rs 269 per GB in 2014

Vodafone Idea CEO Ravinder Takkar says govt wants to see 3 private, 1 public sector telecom player
Business

Vodafone Idea CEO Ravinder Takkar says govt wants to see 3 private, 1 public sector telecom player

A day after it posted a staggering Rs 50,921 crore loss for the September quarter, Vodafone Idea on Friday said it believes the government is aware of the "tremendous stress" being faced by telcos and wants a healthy sector with three private and one public operator

Airtel and Vodafone-Idea are indeed victims of their greed; govt shouldn't reward them by easing penalties, leave free market forces to play out
Business

Airtel and Vodafone-Idea are indeed victims of their greed; govt shouldn't reward them by easing penalties, leave free market forces to play out

The Supreme Court has delivered the coup de grace on a struggling telecom sector by ordering Vodafone-Idea and Bharti Airtel to cough up revenues worth approximately Rs 1.33 trillion as part of AGR dues that the companies were contractually bound, but had so far refused to share with the government

Reliance Jio sends new letter to telecom minister, says COAI only serving interests of Airtel, Vodafone Idea
Business

Reliance Jio sends new letter to telecom minister, says COAI only serving interests of Airtel, Vodafone Idea

Reliance Jio alleged that by continuing its partisan behaviour and by not taking in to account its views the association is going against the judgment made by the Supreme Court on AGR

SC ruling on AGR: Telecom industry body COAI ignores Jio's protest; seeks waiver of all past statutory dues for Airtel, Vodafone Idea
Business

SC ruling on AGR: Telecom industry body COAI ignores Jio's protest; seeks waiver of all past statutory dues for Airtel, Vodafone Idea

Jio says COAI shot off the first representation to the government on 30 October without waiting for its comments.

AGR debate: Did telcos keep shareholders in dark about potential impact on their finances and fail to make provisions?
Business

AGR debate: Did telcos keep shareholders in dark about potential impact on their finances and fail to make provisions?

Even when telcos stopped paying their share under the AGR and litigation began, the industry’s gross revenue was growing rapidly between 2004 and 2015