Company owes Rs 6,854 cr as principal amount from FY07 to FY19
Vodafone Idea's payment in particular assumes significance as the company has been under tremendous financial pressure and is confronted with AGR liabilities of over Rs 53,000 crore
Company uses around 180,000 towers with various vendors
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
Current mobile internet prices are in the range of Rs 4-5 per GB
The DoT wants to ensure that the court-mandated criteria is being followed by companies in computing their AGR dues, the source added
According to official sources, VIL paid Rs 1,000 crore to the Department of Telecom on Thursday
The government will ensure coordination on three aspects -- compliance to SC order, ensuring health of the sector and customer interest, the source added
Earlier, Bharti Airtel made payment of Rs 10,000 crore to DoT towards statutory dues
Say loans may not immediately turn into bad debt, but a big chunk of it eventually could
Addressing a press conference in Bengaluru, Sitharaman said: "In light of court's orders, the department is engaging with telecom companies after the reviews and I will wait to hear from the dept"
Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain
If firm files for bankruptcy, rules say its daily functions will continue till sale
Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year
Telecom operators ignore midnight deadline; Bharti to pay Rs 10,000 cr by Feb 20; Voda Idea still silent
Vodafone has 304 million subscribers of which 45 per cent are data subscribers
The department's move came after the Supreme Court directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them
Fifteen telecom companies owe the government Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges.
It added that the group has adequate committed and non-committed facilities to operate as a going concern.
Fund house has carved out separate portfolios in six schemes to hold the exposure