According to COAI estimates, each telco would require about an additional 5MHz to ensure that the networks continue to function smoothly
Govt should find a way to save the telecom sector
In all, AGR dues calculated by the government for 16 entities add up to Rs 1.69 trillion , while telcos' self-assessment place their dues at a mere Rs 37,176 crore
Cash flows to absorb Africa impact amid weak crude oil prices and rupee
In case of Vodafone Idea Ltd (VIL), the DoT is seeking over Rs 53,000 crore
The telecom service providers have been directed to make payments on the basis of self-assessment and submit requisite documents for compliance, MoS for communication said in RS
The government, last week, had asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay.
Telecom firm advised to pay up at least the principal amount before SC hearing
The demand makes sense, given the huge gap between what the operators, based on their assessment of the dues, are paying as compared with the DoT's demand
Vodafone Idea has has maintained it would not be possible to continue as a going concern without any relief from the government on payment of AGR dues
With significant discrepancies cropping up in the AGR math, the industry may be facing a fresh round of dispute
An implosion of the sector will have economy-wide ramifications. This is the last thing India needs now
The DoT is set to write fresh letters to telecom companies questioning them about the variation in AGR dues assessed by firms themselves and its own calculations
Vodafone Idea said adjustment of GST credit due from the government could help in meeting its AGR payment
Adding to the cautious mood on the Dalal Street will be the expiry of the February series derivative contracts today and the release of the Q3 GDP data tomorrow
The DoT wants to ensure that the court-mandated criteria is being followed by companies in computing their AGR dues, the source added
While investors will continue to monitor developments on the coronavirus front, the release of India's December quarter GDP numbers on Friday will be another top trigger for the markets
Cellular Operators' Association of India (COAI) also cautioned that any decision to encash bank guarantees will be "disastrous" for the telecom industry, which only has three private players
Telecom department officials remained tightlipped after high-level government meeting on Sunday, where officials from NITI Aayog and Finance Ministry are said to have been present
Total prize money of Rs 2.5 crore is spread across three phases