AGR dues: Telecom companies owe around Rs 22,589 cr as licence fees; rest Rs 70k cr is interest, penalty
The licence fee is the major component of the total Rs 1.47 lakh crore AGR (Adjusted Gross Revenue) dues owed by both operational and non-operational telecom companies to the government till July 2019
Nick Read, Vodafone's CEO said the company was not committing any more equity to India and the country effectively contributed zero value to the company’s share price.
Telecom firm auditors should have insisted on making provisions for AGR instead of taking ostrich-like approach
The telecom industry, which was peeved with the one-time license fee regime that ruled the roost till 1999, is not satisfied with the strict implementation of the revenue sharing regime either
The Supreme Court, last week, had upheld the government's way of computing the telecom revenue, from which dues like licence fee and spectrum usage charges are derived
Bharti Airtel's Q2 mobile services revenue up 7% to Rs 10,981 cr y-o-y; ARPU slips in September quarter
Airtel's average revenue per user (ARPU) for mobile services—a key metrics for telecom companies—slipped marginally to Rs 128 against Rs 129 in the previous sequential quarter
SC verdict on AGR: Telcos have long ignored the warning signals on revenue underreporting; cartelisation won't help this time
The Supreme Court decision of giving three months is liberal considering the stringent provisions of the Insolvency and Bankruptcy Code 2016
The draft also proposes to address woes of debt-ridden telecom sector by reviewing licence fees, spectrum usage charges, universal service obligation fund levy -- all of which add to cost of telecom services
The universal licence fee will be implemented in two phases over two years. However, industry was demanding a lower licence fee of 6% of adjusted gross revenues while tTRAI had recommended 8%.