Page 21 - Adjusted Gross Revenue

SC's decision on AGR plea disappointing; may file curative petition: Airtel

The money now required to pay punitive interest, penalty and interest on penalty which forms nearly 75 per cent of AGR dues would have better served the digital mission of the country, Airtel added.

Airtel $3-billion QIP plan: Issue price at a discount over floor price

Bharti Airtel has to pay nearly Rs 35,586 crore in additional statutory dues

Tatas arranging Rs 14,000 crore to clear telecom arm's outstanding AGR dues

Of the total AGR dues of Rs 13,823 crore, Rs 10,000 crore will be raised from banks by Tata Sons, while the remaining will be raised from internal accruals

Irrational demand

Licence-linked dues from non-telcos should be reviewed

Telecom performance in Q2: AGR drops 4.5 % QoQ; Jio reports 6.75% growth

Gross revenue and AGR of telecom service sector for the quarter was Rs 59,992 crore and Rs 37,338 crore, respectively

Airtel, Vodafone-Idea may declare Q2 results after boards meets on Nov 14

Bharti Airtel had, last month, told the exchange that it has deferred the September quarter result announcement till November 14, due to the adjusted gross revenue (AGR) issue.

Telecom companies seek open court hearing in SC on AGR review pleas

The recovery of past dues by the government was based on adjusted gross revenue of about Rs 92,000 crore

Govt unlikely to waive off Rs 1.33 trillion tax payout by telcos

The industry has been seeking relief on penalty and interest on the AGR dues while asking for a staggered payment format

Telecom revenues likely to exceed target by Rs 50,000 crore in 2019-20

In its July Budget, the government had targeted more than Rs 50,519 crore in 2019-20 from the telecom sector, an increase of 28% from the previous year

AGR dues: DoT's total demand from non-telcos twice that from telcos

The Department of Telecommunications (DoT) has slapped a Rs 15,019-crore demand notice on Gujarat Narmada Valley Fertilizers & Chemicals Ltd, taking the total amount it has sought from non-telecom companies to Rs 3.13 lakh crore following a Supreme Court ruling. While the DoT has sought Rs 1.47 lakh crore from Bharti Airtel, Vodafone Idea Ltd and other telecom companies after the Supreme Court's ruling on revenues that need to be taken into consideration for payment of government dues, its demand notices on non-telecom companies now total at more than double of the telecom firms. In a regulatory filing, Gujarat Narmada Valley Fertilizers & Chemicals Ltd said it has received a December 23, 2019, demand notice from the Office of Controller of Communication Accounts in DoT, Ministry of Communications, seeking payment of over Rs 15,019 crore before January 23, 2020, "in respect of financial years from 2005-06 to 2018-19 in connection with V-SAT and ISP licences held by the ...

Year in Review: 12 policy decisions that affected Indian economy in 2019

In a challenging year, the central government announced a slew of measures to help revive a sagging economy - from corporation tax cut to bank recapitalisation. Here are the most important ones

Supreme Court verdicts that shook industries like telecom, coal, and mining

This year's record itself is formidable. The telecom sector is still smarting from the impact of the court order to pay Rs 92,000 crore as adjusted gross revenue (AGR) to the government

High consumption at rock-bottom tariffs killing telcos: Sunil Mittal

'We are unnecessarily killing this industry in a manner and way that is not conducive for our industry, and that's why we need Trai intervention,' Mittal added

Prasad hits out at Vodafone for 'dictating' terms to India on AGR ruling

He also said Mahanagar Telecom Nagar Ltd and Bharat Sanchar Nigam Ltd are strategic assets that should remain in the fray and ensure better competition

For whom the bell tolls

No new policy but major policy decisions at the highest level are necessary to save the telecom sector

Bharti Airtel to gain at the expense of Vodafone Idea, say Brokerages

Bharti Airtel's board has already approved raising $3 billion through a combination of equity $2 billion and debt $1 billion

Vodafone Idea will have to shut shop if no govt relief comes: K M Birla

The comment comes within weeks of Vodafone Global CEO Nick Read making a similar point

Vodafone Idea will shut shop if govt doesn't provide relief: KM Birla

Birla indicated that his group will not invest any money in the company in the absence of relief from the government

Payment of AGR dues will weigh on Bharti Airtel's credit profile: Moody's

Bharti Airtel on November 26 filed a petition with the Supreme Court seeking a modification of the 90-day deadline set by the apex court to pay past statutory dues arising from AGR ruling

Telcos garner Rs 54,218 cr gross revenue in July-Sept, Airtel earns most

Reliance Jio with lowest gross revenue of Rs 15,945.62 crore among private operators paid highest revenue to the government, the data showed