Bharti Airtel and Vodafone Idea move SC, seek review of certain directions on AGR
The telcos have sought a limited review of the October 24 ruling, and haven’t challenged the entire SC order.
Private telcos to gain Rs 36,000 cr/month from rate hike, at cost of consumers: Congress
The Congress party has questioned the step-motherly treatment to state-run telcos on giving them 4G. "Why have you delayed the process of permitting them to use 4G for 5 years... Basically what you are doing is - you are ensuring that these companies bleed to death," Congress Committee spokesperson Pawan Khera said.
Bharti Airtel to gain at cost of Vodafone Idea, say brokerages
The two firms have been lobbying together with the government for relief on payment of the statutory liabilities.
Crisis in the telecom sector casts shadow over 5G spectrum auction
Ernst & Young has estimated that it would cost $100 billion or so to launch 5G in India.
AGR ruling may hit any company with telecom licence
SC order on the definition of adjusted gross revenue may not only impact telecom companies but it can also have an impact on any entity that has taken telecom service licence, such as internet service providers, satellite communications providers, cable operators, said legal experts and industry executives, making them liable to pay AGR-based dues.
ET Explains: Adjusted Gross Revenue (AGR)
The Supreme Court has instructed telecom companies to deposit the dues sought by the government in three months in accordance with the court...
DoT briefs government panel on telecom woes, AGR crisis
The panel was formed to suggest steps to provide relief in a time-bound manner to the carriers which are facing a Rs 1.3-lakh-crore-plus payout in additional statutory dues after the SC order on adjusted gross revenue.Loss-making Vodafone Idea and Airtel have been hit hardest by the SC order backing the government stance to include non-core items.
Vodafone Idea tumbles 9% as Birla warns of shutting shop in absence of govt relief
The stock was trading 8.89 per cent lower at Rs 6.66 apiece on the BSE.
Bharti Airtel shares slip on rating concerns
The liabilities in the case of Bharti Airtel add up to nearly Rs 35,586 crore.
Fitch Rating says tariff hikes, recent govt relief won’t offset impact of AGR dues
The rating agency has a negative outlook on the telecom sector under a mammoth debt in question.
Jio and Airtel, Voda Idea in new face-off on AGR, sectoral crisis
COAI sought govt to bail out Airtel & Voda Idea. Jio says failure of two operators will not impact the sector.
PowerGrid to 'fight' any attempt by DoT to seek additional licence fee
The official at the power transmission provider said the Supreme Court order did not apply to non-telecom companies like PGCIL and therefore it would stand by its earlier assessment of licence fee. The official said PGCIL would not make any further payment to the DoT, and added that it had already paid Rs 59 crore as license fee.
Vodafone Idea, Airtel shares plunge despite AGR relief; what should investors do?
The market is selling on news and buying on rumours, says Dipan Mehta of Elixir Equities.
Airtel, Voda, Idea made no provisions for AGR disputed amount
The telcos were expected to declare the disputed amounts as 'provisions' since they were well aware of such amounts all through the proceedings before TDSAT and till the matter was disposed of by the Supreme Court.
Pay AGR dues within 3 months, DoT tells telecom operators
The Department of Telecommunications (DoT) has asked telcos and internet service providers to pay up license fees and spectrum usage charges...
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