Telecom Sector
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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
AGR-hit Vodafone Idea postpones Q3 analyst call scheduled for today; no reasons given for cancellation
•Vodafone Idea in its earnings statement on Thursday had also sounded out warnings on "material uncertainty" casting "significant doubt" on its ability to continue as a going concern.
Vodafone Idea's ability to compete in Indian market may weaken; to provide opportunity for Airtel, Jio: Moody's
•Vodafone Idea, which has to pay Rs 53,038 crore, said it is also "exploring further options, including filing of a curative petition"
Delay hits Airtel, Tata Teleservices merger; unlikely to get govt nod this year as deal caught in AGR dues controversy
Fp Staff •Bharti Airtel on 1 July announced that the consumer mobile business of Tata Teleservices Ltd (TTSL) has now become a part of the company
Telecom firms may soon hike prices for postpaid plans; price rise to enhance companies' revenues: Analysts
•Telecom companies' move to raise mobile tariff follows the Supreme Court judgment, on 24 October this year, upholding the government's method of calculating revenue share that it should get from earnings of service providers
Reliance Jio says 'Digital India' mission possible only if country is made 2G-mukt; says it will comply with regulatory regime
Fp Staff •Jio further said that the exercise requires continued investment at an industry level.
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
Sreemoy Talukdar •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 ruling on AGR: Telecom industry body COAI ignores Jio's protest; seeks waiver of all past statutory dues for Airtel, Vodafone Idea
•Jio says COAI shot off the first representation to the government on 30 October without waiting for its comments.
AGR debate: Jio questions COAI letter to govt seeking relaxation for Airtel, Vodafone; says SC ruling must be implemented in entirety
Fp Staff •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'
•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