Page 23 - Adjusted Gross Revenue

Saving the telecom sector

Govt should prevent a near-monopolistic situation

AGR impact: Banks nervous as losses mount for Vodafone Idea, Airtel

Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity

Bharti Airtel rings up lenders for $3-billion funding to clear AGR dues

Bharti Airtel's internal accruals insufficient to pay the AGR dues of nearly Rs 28,000 crore in the next three months, say sources

Govt doesn't want any telco to shut down, intends to address concerns: FM

Sitharaman said "it is the intention" to address concerns of all those who have approached the government with serious concerns post the court's decision

RCom's Sep-quarter loss at Rs 30,142 crore on provisioning for liabilities

RCom's total liability includes Rs 23,327 crore licence fee and Rs 4.987 crore spectrum usage charges

AGR dues: Govt considering Bharti Airtel, Vodafone Idea requests for relief

India has formed a panel of bureaucrats to suggest ways to alleviate financial pressures on the telecom sector

Trai open house calls for zero mobile termination charge from next year

Reliance Jio said that delaying implementation of zero call connect charges beyond January 2020 will hurt affordability of telecom services

DoT didn't approach Trai for views on floor price for tariffs, says chief

We have not received anything," Sharma said when asked if the DoT has approached Telecom Regulatory Authority of India

Why Vodafone-Idea is in trouble despite being India's No. 2 telecom firm

Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company

AGR provisioning: Bharti Airtel posts pre-tax loss of Rs 31,334 crore in Q2

Operating performance improved sharply but net loss at Rs 23,045 is the third highest by an Indian corporate in a quarter

Vodafone Idea net worth down 70%, Bharti Airtel hurt but still in the game

Vodafone Idea's net debt to equity ratio has jumped to a record level of 4.5x at the end of September this year, as against 1.24x at the end of June and 1.8x at March-end

AGR impact: Voda Idea posts biggest quarterly loss in India Inc history

AGR liability leads to pre-tax loss of Rs 36,959 crore

After biggest quarterly loss, Vodafone Idea seeks AGR relief from govt

The finance ministry won't back down from collecting the amount, which needs to be paid within three months as per the court order

AGR woes: Bharti Airtel, Voda Idea post a combined Rs 74,000-cr loss in Q2

Vodafone Idea and Airtel have made provisions for their liabilities arising from the Supreme Court order in their latest September quarter results

Voda Idea posts Rs 50,900-cr loss in Q2, the biggest in India Inc history

Saddled with $14 billion of net debt, Vodafone Idea is fighting for survival after India's top court last month ordered it to pay additional fees the government said were due from prior years

AGR provisioning: Bharti Airtel posts a loss of Rs 23,045 cr in Sep quarter

The consolidated revenue of Bharti Airtel was up by 4.7 per cent at Rs 21,199 crore in the just-concluded quarter

DoT asks internet services providers to give audited AGR reports by Nov 28

Officials said PGCIL, Gail, RailTel, Oil India, and DMRC are likely to be sent letters for paying the AGR that can run into crores

Govt objects to Voda CEO's comments on India JV being pushed to liquidation

The central government has objected to the reported comments of Nick Read, chief executive of Vodafone, that the India unit of the telecom major was headed for liquidation due to, among other factors, the Supreme Court decision requiring payment of Rs 28,300 crore as spectrum dues.According to media reports, Union telecom and communications minister Ravi Shankar Prasad spoke to Vodafone Idea chairman Kumar Mangalam Birla to express displeasure. Vodafone Plc, the parent entity, says its chief's comments were taken "out of context", presenting an incorrect picture. Vodafone Plc owns 44.3 per cent stake in Vodafone Idea; the Aditya Birla Group holds 26.5 per cent.According to the transcript of Read's utterances, he'd told analysts that due to the Supreme Court's ruling on the correct way to determine telecom company dues from their Adjusted Gross Revenue (AGR), on top of the financial stress already present, the situation of the telecom sector in India and at Vodafone Idea was a ...

SC's AGR order: Airtel, Vodafone Idea likely to file review petition

A government Secretaries' panel is looking at providing relief to telcos through levy reductions in licence fee and the USO Fund

Price war in India's telecom market: Vodafone may suffer $1.1-bn writedown

Vodafone Chief Executive Officer Nick Read is trying to keep shareholders onside following a dividend cut by focusing on Europe and Africa, where he sees the best chance of defending profits