Cabinet likely to take up the issue in its next meeting
Order on staggered payment timeline reserved
The Centre had earlier urged the top court that up to 20 years be given to telecom companies for the payment of dues in staggered manner
The company had earlier deposited Rs 6,854 crore in three tranches
According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals.
According to a senior executive of a telecom tower firm, Vodafone Idea cited payment of adjusted gross revenue (AGR) to the government and the resultant cash flow problems for the default.
The industry ARPU will have to rise to Rs 200 in the medium-term for viable operations, and so further tariff hikes cannot be ruled out, Icra said
Any tariff hike is possible only if there is collective effort on the part of all telcos, says research firm Motilal Oswal
Loss in subscriber count offsets gains on ARPU front in the March quarter
The telecom firm had posted a pre-tax loss of Rs 6,758 crore in the same quarter last year.
The stock hit a recent high of Rs 12.62 in intra-day trade on June 8
Given the high possibility of operators shying away from participation, the DoT is yet to decide on including the premium 5G spectrum in the tender.
Vodafone Idea will have to cough up an additional Rs 5,235 crore every year till 2040 to pay its remaining portion of the AGR dues.
From Reliance Industries net debt free to India-China border clash, here are the top headlines of the day
In a report it said that after having paid Rs 6,900 crore of AGR dues, estimate is that Vodafone Idea would have Rs 6,000 crore of cash balance as of March 2020
In its affidavit, Bharti Airtel on Thursday told the court it had paid a substantial part of its AGR dues, seeking 20 years to pay the rest.
From AGR dues to employment for migrant workers, Business Standard brings to you the top headlines of the day
Vodafone Idea (VIL) would be the worst-affected if the AGR outstanding cannot be staggered or waived, but Bharti Airtel would also be under pressure
Bharti companies are 'not fly-by-night operators', company tells court about amount it has been asked to pay government
The bench asked the telecom companies to file their financial statements before it and fixed the matter for hearing in third week of July