Vodafone Idea will close if govt does not provide any relief: KM Birla
Vodafone Idea Ltd, the India's third largest mobile service provider, ...
Vodafone Idea will shut shop if there is no government relief: KM Birla
Birla said the company will have to opt for insolvency route in the absence of relief from govt.
Vodafone Idea, Airtel may move SC for AGR ruling review this week
The industry as a whole faces dues worth over Rs 1.3 lakh crore in licensee fee, spectrum usage charge (SUC), penalties and interest, after SC backed the government’s stance that non-core items should be included while calculating AGR. Licensee fee and SUC are calculated on the basis of AGR.
ICRA maintains negative year-end outlook for telecom industry
The Oct 24 order by the top court on AGR has added to the woes of already distressed telcos.
Bharti Airtel plans share issue first, bonds later to raise funds for AGR
The primary aim of private placement before tapping global debt markets; firm also looking at taking advantage of negative rates in Europe. The company is in talks with at least half a dozen foreign banks including BNP, Citibank, HSBC, Standard Chartered, Bank of America and JP Morgan.
Airtel bats for lenient view on AGR dues
Chief financial officer (India) Badal Bagri’s comments came on an earnings call on Wednesday, even as the telco noted that the operational highlights for the quarter to September reflected signs of continued recovery.
Will AGR issue force telecom sector to move towards duopoly?
Vodafone Idea and Bharti Airtel reported a combined loss of Rs 74,000 crore on Thursday. It is the biggest ever loss for both telecom firms,...
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.
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...
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.
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.
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.
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.
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.
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