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.
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.
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.
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.
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.
Bharti Airtel defers Q2 results, seeks clarity on AGR issue
The company said it seeks more clarity on the adjusted gross revenue (AGR) matter.
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.
Vodafone Idea yet to take a call on filing review petition in SC on AGR order
Loss-making Vodafone Idea is among the worst hit by the top court judgement which backed the government’s broader definition of AGR, basis which the telcos pay licence fees and spectrum usage charge to the government.Vodafone Idea has said it also plans to engage with the DoT to urge it to consider granting relief, including a waiver of interest and penalties.
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.
AGR hit: Vodafone Idea posts India’s biggest loss of Rs 50,921 crore
Telecom firm Vodafone Idea on Thursday reported a record loss of Rs 50,921 crore for the September quarter, as it made a provision for the S...
Airtel posts Rs 23,045 crore Q2 loss on AGR provisioning
Bharti Airtel has reported a consolidated net loss of Rs 23,044.9 crore in Q2 of 2019-20, against a loss of Rs 2,866 crore in the previous q...
Vodafone Idea posts India’s biggest ever quarterly loss at Rs 50,921 crore on AGR hit
Before this, Tata Motors had posted a loss of Rs 26,961 cr for the December quarter of 2018.
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