Questions for 2020: Telecom becomes a duopoly?
The answer is yes, if Vodafone Idea doesn’t get relief on its AGR dues from the government or judiciary. Especially as there has been a steady fall in the company’s customer and revenue shares amid lower comparative 4G capex spends.
Telecom companies won’t get input tax credit refund: Sushil Modi
Demand for Rs 36,000 crore relief not considered, says convener of the GoM on Integrated GST. Telecom service providers have been urging the government to refund the input tax credit or adjust the amount against their statutory dues. They have sent several requests to the finance ministry. Adjustment of credit refund against the dues would've helped telcos.
Solution for licence fee, spectrum usage charge issue may lie outside budget
The telecom industry had sought “strategic intervention to enhance financial viability” of the sector .
Mobile users recharging monthly after tariff hikes
It'll take a few months to understand the full impact of the new tariffs. But some big signs are already here.
DoT seeking Rs 3 lakh crore from GAIL, other non-telecom PSUs result of communication gap: Dharmendra Pradhan
The government's demand from such companies increased many times more than their net worth and the Centre asked them to go to the Supreme Court against such dues. While Oil India Ltd filed a clarificatory/ modificatory petition on Wednesday, GAIL approached the apex court on Thursday.
World's cheapest, biggest telecom market faces life-threatening crisis
Below the surface, a price war since the 2016 launch of Jio had ringed the Indian telecom sector hollow.
BSNL asks DoT to waive AGR dues of Rs 4,990 crore
BSNL has to pay a licence fee of Rs 2,099 crore and spectrum usage charge (SUC) of Rs 2,890 crore to the DoT, following the Supreme Court verdict in October asking mobile service providers as well as other entities having a telecom licence to pay dues on account of AGR calculated on overall business.
GAIL, Oil India & Power Grid caught off guard on AGR dues
Power Grid’s telecom revenue increased by 9.3 per cent year-on-year to Rs 663.3 crore in FY19.
Airtel moves SC for government talks on AGR
The Sunil Mittal-led telco filed an application in the apex court earlier this week seeking modification of the court’s order of October 24 to permit Airtel and the government to ascertain the amount to be paid and “a mutually acceptable basis for the discharge of the same” over an agreed period of time.
Order on AGR applies to all telecom licensees: Ravi Shankar Prasad
“While most of the licensees of DoT were not direct party to the dispute, the ratio of the judgement will be applicable on all the licensees,” said Ravi Shankar Prasad, answering a question in the Lok Sabha. This implies that companies with even minor telecom businesses may have to pay dues based on their entire revenue with retrospective effect.
Single silver bullet from govt or tariff hike alone cannot help telecom cos: Rajan Mathews, COAI
Any reduction in licence fees, spectrum charges to boost telecom industry: Rajan Mathews, COAI
Telecom companies may see licence fee cut
Industry experts said that while the planned move will give telecos some relief, it might not be enough.
AGR impact: S&P keeps Airtel rating on negative watch
Bharti Airtel has hiked tariffs by 15-45 per cent effective December 3, which should temper the impact of the court ruling.
Reliance Communications bidders add tough riders
Bankers said the experience in RCom resolution makes lending to telecom companies more and more difficult in the future because there is no guarantee of recovery. Banks will now have to think twice before lending to these companies or we have to take 100% loan loss provisions. This case is a test for lending to telecom companies and will lead to banks learning many lessons.
Supreme Court's AGR ruling will lead to telecom sector's collapse: FICCI to FM
FICCI in a letter to Nirmala Sitharaman seeking her urgent intervention to resolve woes in the telecom sector said the debt-ridden industry has no appetite left to invest in networks and future technologies while businesses across the world are exploring new opportunities around emerging technologies like 5G, AI and internet of things.
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