The decision of Vodafone Idea and Airtel to raise tariffs is being seen as a step to encourage the government to offer a relief package to the industry
Airtel, Vodafone Idea and other telecom operators have to pay the government a whopping Rs 1.4 trillion
Bharti Airtel's internal accruals insufficient to pay the AGR dues of nearly Rs 28,000 crore in the next three months, say sources
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Officials said PGCIL, Gail, RailTel, Oil India, and DMRC are likely to be sent letters for paying the AGR that can run into crores
The relief package may include a cut in licence fee, a two-year moratorium on payment
A government Secretaries' panel is looking at providing relief to telcos through levy reductions in licence fee and the USO Fund
The two firms will monetise assets worth Rs 37,500 crore in the next three years
Says incumbents have enough resources, monetisation opportunities pay up
Govt has set up a CoS to suggest measures to mitigate financial stress in the telecom sector
The government is constituting a Committee of Secretaries (CoS) under the Cabinet Secretary
Shares of Vodafone-Idea had plunged 23 per cent to a record low on Thursday after the Supreme Court verdict
The Supreme Court on Thursday ordered phone operators in the country to pay the government a combined Rs 920 billion in past airwaves and license fees
The Supreme Court on Thursday dismissed a plea moved by telcos challenging the definition of adjusted gross revenue. The verdict allows the government to recover Rs 92,000 crore.
It is time to abandon the logic of telecom levies on operator revenues
We are disappointed by the verdict of the Hon'ble Supreme Court, Airtel says in a statement
Jio was the only operator to add 7.2 million active subscribers in August 2019
Customer growth offset impact of ARPU decline
The IUC was originally proposed to be made nil from January 1, 2020. But Trai is now reviewing the timeline