The distress at India's No. 2 phone operator deepened last week after the nation's top court ordered it to pay about $4 billion in past dues, dealing a fresh blow to the struggling business
The Supreme Court has ordered the companies to pay the government not just the dues but a hefty penalty -- as well interest on both
The committee, led by Cabinet Secretary Rajiv Gauba, will have secretaries from finance, law, telecom ministries
With the telecom sector staring at a massive payout following a Supreme Court order, the government has constituted a Committee of Secretaries to work out a financial bailout package
With the telecom sector staring at a massive Rs 1.4 trillion payout following a Supreme Court order, it asked the government not to press for AGR dispute payment in its entirety
Analysts largely see this as a positive for the sector, saying it will allow Bharti Airtel and Vodafone Idea to increase their rates as well
Apex court had upheld government definition of AGR, said telcos must pay licence and fine applicable
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 stock hit a new low of Rs 3.66, down 15% on Friday, and has tanked 84% thus far in the calendar year 2019.
It is time to abandon the logic of telecom levies on operator revenues
SC says all revenues except termination fee and roaming charges will form part of AGR
Trai says a reduction in AGR will allow more investment in telecom sector, but DoT argues the same can be ensured if Trai agrees to reduce spectrum reserve price at auctions
The two telecom providers will now have to pay Rs 50,000 crore to the Department of Telecommunications
In one signing of easing competition, Reliance Jio Infocomm Ltd. earlier this month said it was imposing a charge on voice calls that were formerly free
The telcos contend that AGR should comprise revenue earned only from telecom services, while the DoT has been insisting that AGR should include all revenues, including those from non-core operations
The telcos contend that AGR should comprise revenue earned only from telecom services, while the DoT has been insisting that AGR should include all revenues, including those from non-core operations
Reliance Jio has paid Rs 1,133 crore to the Department of Telecom, Vodafone Idea paid Rs 2,421 crore and Bharti Airtel paid Rs 977 crore
Due to availability of 4G services most of the time on Jio, Opensignal has found latency experience on its network better in overall score compared to other operators
Jio was the only operator to add 7.2 million active subscribers in August 2019
BSNL and MTNL lost 0.21 million and 6,701 subscribers, respectively