The 'test check' will happen for all telcom firms but will start with those claiming they have already made full and final settlement towards their statutory liabilities
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
Reliance Industries has said it is consolidating its media and distribution business spread including TV18 Broadcast, Hathway Cable & Datacom, DEN Networks into Network18
Telecom operators have to collectively pay Rs 1.47 trillion adjusted gross revenue (AGR) dues
He had issued an order saying no coercive action should be taken to recover Adjusted Gross Revenue (AGR) dues from telecom firms after expiry of the deadline set by the apex court
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
The move suggested by telcos, if executed, will bring in additional revenues of Rs 22,077 crore from Bharti Airtel, Vodafone Idea, and the Tatas in this fiscal year
Says it does not have to pay on all revenues but only for telco services
Firms had to pay AGR dues worth Rs 1.47 trillion by Jan 23
Analysts say that the Nifty's close in the positive territory on Thursday might mean that the first leg of downside is over and a bounce back has resumed
The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, 2019.
OIL has received demand notices for the period from FY08 to FY19 amounting to over Rs 48,000 crore including licence fee, penalties and interest, the company said
Oil India Ltd (OIL) is the second oil and gas firm after GAIL India to have been slapped a demand notice. From gas utility GAIL, the DoT has sought Rs 1.72 trillion.
The DoT has sought Rs 1.72 trillion in past statutory dues from state-owned gas utility GAIL India Ltd
Department of Telecommunications will convey these suggestions to the Finance Ministry for consideration
On its part, GNFC is currently examining the demand notice by DoT as well as the SC judgment and seeking legal advice on the same
The meeting on Tuesday, chaired by Telecom Secretary Anshu Prakash, lasted for over an hour. An official with one of the telcos said that all operators attended the meeting.
"Cancellation of licence shall adversely affect the business," said a tribunal bench of MK Shrawat and Chandra Bhan Singh.
We will not interfere in their decision to raise tariffs but if the consumer is affected due to the increase we will intervene, says a senior DoT official
Experts also feel that the telecom industry is not ready for an auction and the government can instead explore other ways of making available the airwaves to companies