'In a do-or-die effort, Mr Mittal's target is an ARPU of at least Rs 200 by the end of this financial year', says the author
Telecom regulator Trai on Tuesday recommended a slew of measures, including fixing minimum broadband speed at 2 megabit per second, to promote internet connectivity and increase connection speed.
Fund raising mainly to make payments towards AGR-related liabilities
Duopoly in telecom will hurt both consumers and govt
Users and service providers are swimming against the tide even after the abolition of retro tax
The company has sought correction of arithmetical errors in calculations linked to AGR
Vodafone Idea Q1 Preview: Voda Idea's fundraising plans and commentary on average revenue per user (ARPU) trajectory ahead will remain key monitorables for experts and investors alike
Last week, Kumar Mangalam Birla stepped down as non-executive chairman of Vi after offering to give up his stake in the telecom company
VIL has filed a review petition in the Supreme Court after the apex court recently dismissed its plea for rectification of the alleged errors in the calculation of adjusted gross revenues-dues.
Vi had calculated its remaining AGR dues at around Rs 21,500 crore after making a payment of Rs 7,800 crore
SBI share price skidded 3 per cent to Rs 443 on the BSE in the intra-day trade today as analysts worry that Voda Idea's precarious position may hit the lender's asset quality going ahead
Vi shares plunge 18% after ABG's offer to hand over 27% stake gratis
Vi has a debt of about Rs 1.8 trillion, including deferred spectrum obligations and AGR dues
The telecom company has sought an extension of the moratorium till April 2023 to pay over Rs 8,000 crore dues related to spectrum purchase
Telecom sector faces the risks of a duopoly
The Adjusted Gross Revenue (AGR) related dues payable by telecom majors, including Vodafone Idea and Bharti Airtel, cannot be a subject matter of any future litigation, the Supreme Court has said. A bench headed by Justice L Nageswara Rao stated this while dismissing the plea of telcos seeking rectification of alleged errors in the calculation of AGR. The top court said the dispute relating to AGR has been pending in courts for a very long period of time and the dues payable by TSPs (Telecom Service Providers) cannot be the subject matter of any future litigation. It said there is no room for any doubt from the perusal of the earlier judgement dated September 1, 2020 with respect to this court entertaining any application for altering the AGR dues of the TSPs. The court said that issues concerning the ambit of proceedings under Section 18 of the Insolvency and Bankruptcy Code, 2016 in relation to spectrum, the manner in which payment has to be made by and liabilities apportioned ..
The Supreme Court observed that it has said not just once, but twice and thrice that AGR demand can't be recomputed
With sufficient assets and a healthy financial condition, Bharti Airtel can clear their dues with DoT, analysts said
The rejection of telcos' pleas seeking re-calculation of AGR related dues does not bode well for a recovery in the sector
The Supreme Court on Monday said it would pass orders on applications filed by telecom majors raising the issue of alleged errors in calculation in the figure of AGR related dues payable by them.