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
Officials said the amount was not much to have any bearing on the fiscal position
From Tatas making additional AGR payment to why foreign lenders are rushing to invest in Indian retail banking space, here are top 10 headlines of the day
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
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
According to report, telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for the adjusted gross revenue dues today
Holding firm to pick up Rs 14,000 cr AGR tab of Tata Tele, which only has Rs 200 cr of cash surplus as on Dec 2019
Bharti Airtel on July 1 announced that the consumer mobile business of Tata Teleservices Ltd (TTSL) has now become its part
Tata Tele also moved the apex court seeking an extension of the deadline
Vodafone Idea is required to pay Rs 53,038 crore to the government as per the Supreme Court order which came in October
Parent firm to pay fresh Rs 9,987-cr liability of Tata Teleservices
From a probe at CG Power finding fraudulent related-party transactions to the IL&FS board seeking NCLT approval to sell 7 wind assets to Orix Corp, here are the top business headlines for Wednesday
But the Department of Telecom is yet to take this merger on record and is likely to challenge the deal in the Supreme Court.
Experts believe the move will lead to better network utilization, as spectrum will now be with Bharti Airtel along with enhanced customer base
The merger will be taken on record after Airtel submits bank guarantee of about Rs 6,000 crore for one-time spectrum charges and another Rs 1,200 crore for spectrum that would be acquired from TTSL
Tata Teleservices's asset across 15-16 circles can be used for 2G services. The spectrum cannot be transferred to Airtel.
ATC TIPL is the second largest private telecom tower firm in India with a portfolio of around 78,000 mobile towers
Net worth stood at negative Rs 452 billion at the end of 2017-18
Tata Sons has been keen on selling Tata Teleservices' enterprise business to Tata Communications, but this requires a go-ahead from the DoT as it owns 26 per cent stake in Tata Communications
Tata Teleservices is learnt to have already closed CDMA service in some of the circles