Telecom Companies

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%

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.

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 dues: Tata Sons chief meets Communications Minister Ravi Shankar Prasad as DoT prepares to issue notice to Tata Teleservices

Tata Teleservices has paid Rs 2,197 crore, the entire outstanding it believes to have arisen after the October ruling of the apex court for calculating dues.

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

Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability

Sources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of the Income Tax department and another Rs 6,000 crore from its Delhi office for multiple assessment years dating back to 2004-05

Sensex sheds early gains, Nifty regains 11,900-mark amid positive global cues; Yes Bank, ONGC among top losers

The Sensex failed to maintain the upward trend and was trading 20.91 points or 0.05 percent lower at 40,335.78 at around 10.30 am after hitting a high of 40,542.40.

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

SC's Rs 92,000 cr blow to Airtel, Vodafone-Idea is no shocker at all; they had it coming for short-changing Exchequer

Telecom companies will have to pay up around Rs 92,000 to the government in the next few months; much of the hit will be taken on by Airtel and Vodafone compared with the competition.

Supreme Court on DoT vs telcos: Apex court gives telcos 3 months to pay up deposit amount, 'and compliance be reported'

On 24 October, the Supreme Court has ruled that telcos will have to pay all penalties and interests to the government