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AGR woes: Vodafone Idea, COAI push for urgent relief measures to survive crisis ahead of crucial DCC meet
Business

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
Business

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: Telecom companies owe around Rs 22,589 cr as licence fees; rest Rs 70k cr is interest, penalty
Business

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

Tata Sons likely to pay Tata Teleservices' AGR dues of Rs 13,823 cr, company to approach TCS for funds: Report
Business

Tata Sons likely to pay Tata Teleservices' AGR dues of Rs 13,823 cr, company to approach TCS for funds: Report

Two weeks ago, Tata Sons was trying to raise around Rs 14,000 crore from banks and through internal accruals to pay the AGR dues of Tata Teleservices before the 23 January deadline.

Bharti Infratel, Indus Towers extend deadline for merger to 24 February next year in absence of necessary govt approvals
Business

Bharti Infratel, Indus Towers extend deadline for merger to 24 February next year in absence of necessary govt approvals

In October this year, Bharti Infratel had extended the deadline for merger by two months to December 24 as regulatory uncertainty loomed over the deal.

Telcos have to pay Rs 1.47 lakh cr in past dues; no proposal to waive off interest, penalty: Ravi Shankar Prasad
Business

Telcos have to pay Rs 1.47 lakh cr in past dues; no proposal to waive off interest, penalty: Ravi Shankar Prasad

To a question on penalty imposed on telecom companies, Prasad said the outstanding SUC dues of various telecom service providers as on 31 October 2019, added to Rs 55,054 crore.

Vodafone Idea Q2 losses at Rs 50,921 cr; makes provision of Rs 25,680 cr for AGR liability
Business

Vodafone Idea Q2 losses at Rs 50,921 cr; makes provision of Rs 25,680 cr for AGR liability

Telecom operator, Vodafone India on Thursday reported a whopping loss of Rs 50,921 crore for the quarter ended September 2019, mainly hit by the Supreme Court's verdict on the Adjusted Gross Revenue (AGR)

AGR impact: Bharti Airtel posts highest-ever loss of Rs 23,045 cr in July-September quarter, says company hopeful of relief
Business

AGR impact: Bharti Airtel posts highest-ever loss of Rs 23,045 cr in July-September quarter, says company hopeful of relief

Bharti Airtel said that the apex court ruling has "significant financial implication on the company."

DoT asks Vodafone-Idea, Airtel, other telcos to clear AGR dues within three months as per Supreme Court order
Business

DoT asks Vodafone-Idea, Airtel, other telcos to clear AGR dues within three months as per Supreme Court order

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their adjusted gross revenue (AGR) dues within three months as directed by the Supreme Court, according to an industry source

Supreme Court verdict on AGR a clear setback for telecom firms, but they long ignored warning signs
Business

Supreme Court verdict on AGR a clear setback for telecom firms, but they long ignored warning signs

The Supreme Court verdict is also a shot in the arm for the government which is looking for additional resources

Govt revenue from telecom companies slips 22% in 2017-18 on dip in service providers' earnings
Business

Govt revenue from telecom companies slips 22% in 2017-18 on dip in service providers' earnings

The government collects license fee and spectrum usage charge as a percentage of revenue earned by telecom service providers from sale of telecom services.

According to HSBC, India's spectrum proceeds way below target at $10-12 billion
News & Analysis

According to HSBC, India's spectrum proceeds way below target at $10-12 billion

Proceeds from spectrum auction are likely to top no more than $12 billion, falling way short of the government's target, as few companies have the money to justify the costs involved with varying demand for bands on offer, says a HSBC Global Research report.

COAI requests DOT for uniform spectrum charges
News & Analysis

COAI requests DOT for uniform spectrum charges

COAI has requested the DOT and the Telecom Commission to implement a uniform spectrum usage charge across all bands for the industry

Telecom industry urges slashing of spectrum usage charges further to 1 percent
News & Analysis

Telecom industry urges slashing of spectrum usage charges further to 1 percent

Though the government has decided to reduce spectrum usage charges (SUC) to 3 percent of adjusted gross revenue from 5 percent made by telecom companies, the industry stakeholders on Tuesday urged the Department of Telecommunications to further reduce it to 1 percent.

Spectrum auction: Airtel asks DoT to reduce bank guarantee norms
Business

Spectrum auction: Airtel asks DoT to reduce bank guarantee norms

The minimum earnest money required to be deposited depends on the spectrum category and service areas for which companies want to bid. As per rules, companies were asked to submit earnest money deposits in the form of bank guarantees.

Govt woos telcos with 5% cap on spectrum charge
Business

Govt woos telcos with 5% cap on spectrum charge

The decision on SUC is significant because it not only settles present uncertainty and does away with multiple slabs at which companies had to pay hefty amounts to the Government but also lowers the actual payout.

Reliance Jio opposes flat SUC, pressure now on Telecom Commission
Business

Reliance Jio opposes flat SUC, pressure now on Telecom Commission

The Telecom Commission was earlier considering six different ways of making the levy flat while keeping revenue neutral but the telecom secretary indicated that more options are also being looked into.

Telecom Commission to meet in 2-3 days to finalise spectrum fee
Business

Telecom Commission to meet in 2-3 days to finalise spectrum fee

Telecom Regulatory Authority of India had in September recommended levying a uniform spectrum usage charge (SUC) of 3 percent of the revenues earned by mobile operators from April 1, 2014 and keeping the upper limit of SUC at 5 percent.

Videocon for continuation of current spectrum fee for incumbent telcos
Business

Videocon for continuation of current spectrum fee for incumbent telcos

The spectrum usage charge (SUC), which is levied annually by government as a percentage of revenue earned by mobile operators, varies from 3-8 percent.