Pay AGR dues within 3 months, DoT tells telecom operators
The Department of Telecommunications (DoT) has asked telcos and internet service pr...
SC order on AGR huge blow to Bharti, Voda-Idea: Kotak
The amounts are material for both Airtel and Voda Idea and places the latter in a tricky spot, the report said.
Major relief for AGR hit telcos, Govt defers spectrum payments for FY21, FY22
In a major relief for debt-hit telcos, the Centre deferred spectrum auction payments due from the operators for the years 2020-2021 and 2021...
ICICI Securities warns that Jio will be hurt if it does not bag RCom’s spectrum
The brokerage firm’s warning comes on the back of asset reconstruction company UVARCL being selected by RCom’s committee of creditors (CoC) as the top bidder for RCom and Reliance Telecom’s assets which mainly include –spectrum and data centres.
CII urges relief relief for telcos
The industry body drew parallels between the airlines and telecom sector where both have faced consolidation, price wars and are capital intensive sectors which have high taxes. The letter highlights the impact of AGR dues which if recovered, will impact viability of telcos and other players in the industry.
Big blow for telcos as Supreme Court backs DoT definition of AGR
The apex court has ruled that AGR should include all revenue accrued to carriers. But, now the government is in a bind over how to recover more than Rs 1.3 lakh crore from and already stressed sector. Vodafone Idea will be the worst affected.
Airtel: 'Disappointed' at SC order on AGR, will weaken sectoral viability
The Supreme Court on Thursday ruled in favour of the government on the AGR (adjusted gross revenue) issue, settling a 14 year old issue which had telcos and the government on opposite sides.
Supreme Court expected to give judgement on critical AGR issue Thursday
DoT says AGR should include dividends, handset sales, rent and profit from the sale of scrap, apart from revenue from services. Telcos counter that AGR should be limited to core telecom services alone.
Carriers owe government nearly Rs 1.47 lakh crore: Telecom Ministry
Airtel and Vodafone Idea hold the majority of these liabilities, which the DoT has sought through a process started last week. For Airtel, dues are around Rs 35,586 cr - Rs 21,682 cr as LF and Rs 13,904 cr as SUC excluding Tata Tele and Telenor - while for Voda Idea they amount to Rs 53,038 cr, of which Rs 28,309 cr in LF and Rs 24,730 cr in SUC.
Fitch places Airtel rating on negative watch on AGR ruling
Airtel on Tuesday deferred the release of its second quarter earnings report till November 14.
Notices to telcos likely this month: AGR dues may rise 10%, delay spectrum sale
DoT updating figures to reflect tweaks to AGR definition after Supreme Court order.
AGR hit: RCom posts India’s second biggest loss at Rs 30,142 crore
RCom's liability includes Rs 23,327 cr licence fee and Rs 4,987 cr spectrum usage charges.
Bharti Airtel defers Q2 results, seeks clarity on AGR issue
The company said it seeks more clarity on the adjusted gross revenue (AGR) matter.
Voda Idea & Airtel post Rs 74,000 crore loss in Q2 on AGR provisioning
An executive at one of the telcos said these were “notional accounting losses” and not operating losses.
Mobile call, data to cost more as Vodafone-Idea, Airtel to hike rates from December
Airtel & Voda Idea decided to hike tariffs from Dec 1 after they posted historic losses on account of AGR dues.
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