Telcos

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Telcos - Total results - 115
DoT issues fresh letter to telcos after Supreme Court rap on AGR dues payment; says no self-assessment to be considered
Business

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.

SC says self-assessment of AGR dues violation of order; telecom stocks plunge, Vodafone Idea plummets 35%
Business

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.

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.

DoT to write fresh letters to telecom companies, questions discrepancy in AGR dues math; seeks names of MDs
Business

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
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 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

AGR row: Setback for telcos, Supreme Court dismisses plea seeking review of verdict on Rs 1.47 lakh cr dues recovery
Business

AGR row: Setback for telcos, Supreme Court dismisses plea seeking review of verdict on Rs 1.47 lakh cr dues recovery

The Supreme Court Thursday dismissed the plea of Telecom majors, including Bharti Airtel and Vodafone Idea, seeking review of certain directions of the Supreme Court on recovery of past dues amounting to Rs 1.47 lakh crore from telecom service providers

AGR row: Telecom majors seek open court hearing in SC of their pleas for review of certain directions
Business

AGR row: Telecom majors seek open court hearing in SC of their pleas for review of certain directions

Telecom majors, including Bharti Airtel and Vodafone Idea, on Wednesday sought an open court hearing of their pleas seeking review of certain directions of the Supreme Court on the recovery of past dues amounting to Rs 1.47 lakh crore from telecom service providers

Part relief for telcos from 2-year spectrum moratorium but more measures needed, say analysts
Business

Part relief for telcos from 2-year spectrum moratorium but more measures needed, say analysts

The government's decision to grant two-year moratorium on spectrum payments to telecom companies will provide near-term cash flow relief, especially to Vodafone Idea, but the move by itself may not be enough to address leverage concerns of the troubled telcos, leading analysts said

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

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

Vodafone preparing to exit India operations as telecom firm reels under $14 bn debt, mounting losses: Report
Business

Vodafone preparing to exit India operations as telecom firm reels under $14 bn debt, mounting losses: Report

Vodafone's market capitalization is a measly Rs 11,091 crore, while the investments have been several billions of dollars, according to news reports

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

AGR debate: Jio questions COAI letter to govt seeking relaxation for Airtel, Vodafone; says SC ruling must be implemented in entirety
Business

AGR debate: Jio questions COAI letter to govt seeking relaxation for Airtel, Vodafone; says SC ruling must be implemented in entirety

In a letter dated 30 October, Jio expressed displeasure over the contents of the letter and the hasty manner in which it was sent to the government by the COAI.

SC verdict on AGR: COAI warns of telecoms sector catastrophe; says Airtel, Vodafone Idea will face 'unprecedented crisis'
Business

SC verdict on AGR: COAI warns of telecoms sector catastrophe; says Airtel, Vodafone Idea will face 'unprecedented crisis'

India’s telecoms sector and leading players Bharti Airtel and Vodafone Idea will face an “unprecedented crisis” if the government refuses to relax its demand for $13 billion in outstanding dues, a lobby group says

COAI urges govt panel to prioritise AGR issue, suggests relief measures within 60 days
Business

COAI urges govt panel to prioritise AGR issue, suggests relief measures within 60 days

Industry body COAI on Tuesday urged the newly constituted panel of secretaries to prescribe immediate relief measures to address the AGR issue first, given the "urgency of situation"

Govt forms high-level panel to look at bailout package for telcos; spectrum charges likely to be lowered
Business

Govt forms high-level panel to look at bailout package for telcos; spectrum charges likely to be lowered

It has also been asked to consider lowering the obligation of TSPs for providing 5% of their annual revenues for the Universal Service Obligation Fund, they said.

SC verdict on AGR: Telcos have long ignored the warning signals on revenue underreporting; cartelisation won't help this time
Business

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