Page 12 - Telecom

Deloitte India makes presentation to telecom department on AGR dues

Tata Sons Chairman N Chandrasekaran meets Ravi Shankar Prasad to discuss the issue

Vodafone Idea, Bharti Airtel losses were gains for Jio and BSNL in December

Vodafone Idea and Airtel lost 3.6 million and 11,050 users, respectively

Telecom companies to submit self-assessment documents on AGR maths

However, no deadline has been given to companies to submit the supporting documents

Trai proposal puts liability burden on sellers in telecom M&A deals

Experts are of the view that these reforms are too little, too late

Do you have an innovative 5G-related product idea? You can win Rs 2.5 crore

Total prize money of Rs 2.5 crore is spread across three phases

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

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

AGR dues: Vodafone Idea on the brink as DoT may invoke bank guarantees

Solicitor General's view sought after SC refuses relief; telcos pay a fraction of the total AGR dues

Voda Idea: As threat of closure looms, Kumar Mangalam Birla meets DoT secy

Sources said a Cabinet meeting scheduled for Wednesday would discuss the telecom issue

I believe SC's AGR ruling does not apply to non-telecom PSUs: Pradhan

Oil Minister Dharmendra Pradhan on Monday said he believes non-telecom PSUs are not covered by the Supreme Court order that asked telecom licence holders to pay statutory dues after including non-telecom revenues. Following the October 24 Supreme Court ruling that non-telecom revenues of telecom firms such as Bharti Airtel and Vodafone Idea should be included for considering payments of government dues, the telecom department sought Rs 1.83 lakh crore from gas utility GAIL India Ltd, about Rs 48,500 crore from OIL, Rs 21,953.65 crore from Power Grid Corp and Rs 15,020 crore from Gujarat Narmada Valley Fertilizers & Chemicals Ltd. The government's demand from such companies was many times more than their net worth. "The Department of Telecommunications (DoT) has served notice to government oil companies due to some communication gap. We have placed our side after doing all legal consultations," Pradhan told reporters here. He went on to state that neither of the public sector ...

DoT mulls penal action against telcos for delay in payment of AGR dues

Telecom operators have to collectively pay Rs 1.47 trillion adjusted gross revenue (AGR) dues

Public sector companies with telecom licence also asked to pay AGR dues

OIL's notices are for 2007-08 to 2018-19 and the Rs 48,000 crore includes licence fee, penalties and interest

AGR case: COAI says govt has vast powers to address telecom sector's issues

Of the three private players, market analysts consider Vodafone Idea to be in the most vulnerable position

SC order on AGR dues: RBI guv says will discuss internally if issues arise

When asked about the order, Das said it would be internally deliberated upon, if at all there are issues arising out of it

AGR dues: Risk of duopoly in telecom higher than before, says analyst

Most of the remaining liability is with state-owned BSNL/MTNL and some of the shut/bankrupt telecom companies

Customers may have to pay the price as telecom industry consolidates

Consolidation, after Reliance Jio's entry and the price war, has shrunk the number of players from a peak of 16 to just 4

In unprecedented move, ITI withdraws Rs 1,300-crore FPO over poor demand

The government holds 90 per cent stake in ITI which is valued at Rs 7,550 crore, currently

Have sought 10 years to pay AGR principal amount, says Vodafone CEO

VIL is actively seeking various forms of relief from the Centre

Govt estimate of revenue from telecom up two-folds to Rs 1.33 trn for FY21

It expects a revenue of Rs 58,686.64 crore under communications head in the current fiscal year against budgeted amount of Rs 50,519.8 in 2019-20.