The Supreme Court on Monday dismissed a petition filed by Vodafone against the levy of one-time spectrum charges (OTSC)
AGR dues: Sunil Mittal, KM Birla meet Nirmala Sitharaman as their firms scramble to meet payment deadlines
Mittal, who heads mobile service major Bharti Airtel, first met Telecom Secretary Anshu Prakash before going for the meeting with the finance minister
Bharti Airtel shares fall over 4% after ICRA downgrades company's long-term rating; m-cap down by Rs 10,000 cr
Bharti Airtel shares fell over 4 percent on Tuesday after ICRA downgraded the company's long-term rating due to higher provisioning in its latest quarterly results following the Supreme Court judgement on AGR and spectrum charges
Bharti Airtel faces the highest liability of around Rs 42,000 crore after including licence fees and spectrum usage charges, while Vodafone-Idea may have to pay about Rs 40,000 crore
Telecom tribunal grants partial stay on Rs 8,300 cr DoT demand from Bharti Airtel for Tata Teleservices merger
The telecom tribunal has directed "the concerned authorities of the Union of India to take the merger of two companies and licence on record"
Tata Tele merger: DoT seeks Rs 7,200-cr bank guarantee from Airtel; takeover to bolster telco's spectrum pool
The merger will be taken on record after Airtel submits bank guarantee of about Rs 6,000 crore for one-time spectrum charges and another Rs 1,200 crore for the spectrum that would be acquired from TTSL.
Both Idea and Vodafone were expecting the merger deal to create India's largest telecom company to be completed by 30 June, 2018.
In fresh sparring among telecom players, major differences have emerged in the industry over the government's proposal to impose uniform annual spectrum charges at reduced rate of 4.5 per cent on all players over revenue earned by them from telephony services.
The Supreme Court on Tuesday asked the central government if it was seeking to hike the spectrum usage charge of one percent of the annual gross revenue of telecom companies for 4G services and if it had the powers to do so.
TRAI's decision about one-time fee for additional spectrum consumed by operators has been making rounds ...