Page 47 - Bharti Airtel

Bharti Infratel up 10% post DoT nod to Indus Tower merger; Board meet today

The approval comes at a time when the telecom companies stare at Rs 1.47 trillion in unpaid dues in the adjusted gross revenue (AGR) issue

The AGR case is a triumph of bureaucratic obstinacy over good sense

While it raises the larger question of the Court's role on matters that have a major impact on the economy, much of the blame also lies with the govt for poor handling of the issue

The telecom mess

If the sector turns into a duopoly (ignoring the struggling BSNL-MTNL combine for the moment), Airtel and Jio will find it hard to absorb the 300-million-plus VIL customers who will have to be ported.

AGR issue: Top FinMin, NITI, DoT officials talk relief measures for telcos

The telecom department officials remained tightlipped after the high-level meeting on Sunday

Drill oil but dial telecom

Inclusion of non-telecom income in the overall calculation means the higher the oil price, the bigger the AGR share of the government

Govt takes a call to save telecom firms, but no relaxation likely on AGR

The Union government is of the view that there can be a debate on the quantum of payment and penalty but not on the fact that the companies have to make the payments

AGR dues: Telcos owe Rs 22k cr in licence fees, Rs 70k cr in interest, fine

Besides licence fees, telecom companies owe Rs 55,054 crore in spectrum usage charges (SUC), as per estimates of the Department of Telecommunications (DoT)

Sunil Mittal meets Prasad, tells Airtel will clear AGR dues before March 17

The Centre said telcos had already paid about Rs 16,000 crore in AGR dues and some had assured further payments in a week's time

Fitch removes Bharti Airtel from 'Watch Negative', affirms 'Stable' outlook

Bharti has already paid Rs 10,000 crore towards AGR payments

DoT to issue fresh notice to telcos calling for full payment of AGR dues

Won't let Tata Teleservices get away by paying only principal; Airtel and Vodafone Idea too have paid only in part; dept to seek legal advice on invoking bank guarantees

Vodafone Idea extends gains for second day, soars 66% from Tuesday's low

Meanwhile, Bharti Airtel hit the high of Rs 550 in Thursday's early morning deals

Market Ahead, February 20: Top factors that could guide markets today

According to analysts, the Nifty is witnessing firm support in sub -12,100 zone

Top 10 biz headlines: Dish TV-Bharti Airtel deal, AGR crisis, and more

The Department of Telecom is still working on final adjusted gross revenue dues that service providers have to pay as it has detected variation in accounting practices adopted by different circle offi

DoT still working on final AGR dues due to varying accounting practices

Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT

Sunil Mittal, K M Birla meet FM on telecom crisis as AGR deadline closes in

It is learnt that the two telcos have proposed a few options to the Union government for consideration

Dish TV-Bharti Airtel deal called off due to differences over valuation

Essel promoters are now in talks with a global financial investor to pick up half their stake

Govt should offer one-time settlement to telcos, waive penalties: S C Garg

Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties. The massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues are pushing telecom firms to the brink. In a blog titled 'Rebuilding Telecom Business in India', Garg said the telecom crisis in India is not just limited to AGR-related issues. "Offer a one-time settlement scheme to the telecom companies (both operating and under resolution) to pay the principal due amount as per the AGR definition as contained in the licensing agreements and waive the penal interest and penalties. "Alternatively, appoint a board for Vodafone Idea Ltd by ousting the current board on the lines of action taken in the case of IL&FS and DHFL and secure a moratorium of some time on servicing of loans and government dues," he said. Garg noted that the telecom

What are AGR dues and how it threatens Vodafone-Idea's very existence

Shares of Vodafone Idea jumped 48 per cent to Rs 4.49 on the BSE on Wednesday on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now

Vodafone Idea default can raise India's fiscal deficit by 40 bps

The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn

Telcos expect ARPU to more than double by 2021; steep hike in bills likely

Clearly with the financial stress of telcos getting aggravated with the large imposts that they have to fork out due to the AGR order immediately, much of the bill will have be passed on to customers.