View: Banking sector may meet telcos' fate. Here's how to avert it
The telecom story can be a precursor to other sectors, especially banking and financial services.
Telecom sector under stress for 3.5 years; govt needs to focus on its sustainability: Sunil Mittal
Emerging out of the North Block after meeting top finance ministry officials, Sunil Bharti Mittal said that the issue of pending dues arising out of the Supreme Court ruling on Adjusted Gross Revenue was not discussed. Mittal, who had first met the telecom secretary prior to going to the finance ministry, said the company is calculating its liability.
With AGR ruling, banks fear surge in bad loans
SC's ruling puts at risk the nearly Rs 30,000 cr loans to Voda-Idea, whose survival is now at serious risk.
Telecom biz broken, Voda Idea on brink: Former finance secretary Subhash Chandra Garg
On AGR, the former secy has advised the govt to offer telcos a one-time settlement scheme to pay the principal due amount as per the AGR definition. "Alternatively, appoint a Board for Vodafone-Idea by ousting current Board on the lines of action taken in case of ILFS and DHFL and secure a moratorium of some time on servicing of loans and government dues."
Fitch removes Bharti Airtel rating from ‘watch negative’
Fitch estimated that FFO adjusted net leverage will improve to 2.3-2.4 times in FY20.
Vodafone-Idea assessing what it can pay as AGR dues, to pay shortly
"The Company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR (Adjusted Gross Revenue), as interpreted by the Hon'ble Supreme Court in its order dated 24 October 2019. The Company proposes to pay the amount so assessed in the next few days," the telco said in a statement.
Payment of AGR dues to bring down fiscal deficit to 3.5% in FY20
One will have to wait till March 16, 2020 - the AGR payment deadline, before the picture gets clear.
Vodafone Idea bank guarantees unlikely to be invoked for now
A Voda Idea collapse could have negative impacts on not just the telecom, but on banking as well.
Vodafone Idea shares rally over 50% in two days; here's why
The massive Rs 1.47 lakh crore of AGR dues are pushing telecom firms to the brink.
AGR dues: Vodafone Idea tells SC it can pay Rs 2,500 cr now
Vodafone Idea told the Supreme Court on Monday that it can pay only Rs 2500 crore as of AGR dues now to the government and will follow it up...
Voda Idea not in position to raise money for AGR dues, Bharti to gain: Nitin Soni, Fitch Ratings
Nitin Soni, Director, Corporates, Fitch Ratings says the only option they have is to get an equity injection from the promoters which also seems unlikely as Vodafone PLC has completely written off the investment in Vodafone Idea.
Airtel to pay AGR dues of Rs 10,000 cr by Feb 20
Bharti Airtel will pay an initial deposit of AGR dues of Rs 10,000 crore by 20 February to the government and will pay the balance amount by...
Non-payment of AGR: Telcos' next course of action after SC rap
Major telcos like Airtel, Vodafone Idea (VIL) and Tata Teleservices are planning their next step ahead of their respective payments of AGR dues out of the total Rs 1.47 lakh crore by Friday evening to escape the top court's wrath. The telcos are expected to give the first tranche of the total estimated dues of Rs 1.47 trillion immediately.
If Vodafone Idea disconnects, India picks up the bill
Vodafone Idea, a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular, is the most vulnerable of the mobile carriers ordered on Friday to immediately pay billions in unpaid government dues and interest following a Supreme Court ruling. It has said it cannot immediately pay the $3.9 billion it owes.
SC orders telecos to clear AGR dues by March 17
Supreme Court on Friday tore into the government and the telecom companies for not abiding by the court order directing the recovery of AGR ...
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