SEARCHED FOR:SPECTRUM SALE
Supreme Court says NCLAT to decide on spectrum sale of bankrupt Aircel
The government in various appellate and insolvency courts has said that spectrum is a national asset that cannot be transferred to a third party, unless statutory dues were paid and after approvals from the DoT.
Department of Telecommunications yet to take call on upfront payment for 4G spectrum sale
The Department of Telecommunications is preparing a...
Telcos split over timing of 4G spectrum auction; Mukesh Ambani's Jio pushes for earliest date
Telcos are split over when 4G spectrum auctions...
DoT opposes RCom resolution plan, says RP hasn’t sought nod for spectrum assets sale
Rejecting the RCom resolution plan, DoT in NCLT also alleged that even the name of the licensee company is unclear in the plan, and no provisions have been made to return DoT's Rs 31,000-crore dues from the company.
AGR case: SC asks DoT to apprise about the basis of spectrum sharing done by telcos
The top court asked the secretary of DoT to file a specific affidavit apprising it about who was using the spectrum from the date of grant of license and from which date the respective sharing of spectrum has taken place.
NCLT to rule if spectrum can be sold under IBC: Supreme Court
The court’s order on adjusted gross revenue (AGR) dues of telcos, pronounced Tuesday, comes as a breather to telecom companies under insolvency, Reliance Communications and Videocon, besides Aircel whose spectrum has been picked up by asset reconstruction company UVARCL.
SC questions spectrum sale by ailing telcos, asks govt how it plans to recover AGR dues
The observations that came Monday could potentially impact the resolution plans of the two telcos. The insolvency court has already approved the sale of Aircel’s assets, and was about to take a call on RCom and its units.
Spectrum users will have to pay AGR dues of ailing telcos: Supreme Court
RCom has shared and traded some of its spectrum with Reliance Jio Infocomm. Aircel and Videocon have traded spectrum with Bharti Airtel. Both companies have maintained that past AGR dues of the ailing entities cannot be passed on to them.
RCom to SC: Will go into liquidation if spectrum not allowed to be sold under IBC
The telco's latest stance may further delay the resolution process of RCom since the Department of Telecommunications (DoT) has made it clear that without clearing statutory dues, there will be no approval for transfer of spectrum.
Guidelines mandate clearing of all dues prior to spectrum trading by telcos, DoT tells SC
On August 14, the top court had sought the details of spectrum sharing pact between RComm and Reliance Jio and said as to why the company using the spectrum of the other firm cannot be asked to pay the AGR related dues to the government.
SC says govt should cancel licenses, auction spectrum if dues are being wiped out
"The government should move to cancel the license, spectrum if dues are being wiped out. If telcos are unwilling to pay, we will directly cancel spectrum allocation," remarked Justice Arun Mishra, heading the three member bench in the AGR case.
RCom insolvency process to collapse if spectrum is not a part: SBI tells Supreme Court
Without any spectrum to use, the telco would cease to continue as a going concern and cannot be transferred as a going concern, as required by the Insolvency and Bankruptcy Code, SBI said in an affidavit.
AGR case: Supreme Court asks government if Jio should bear Rcom AGR dues
The three-judge bench also asked RCom to explain the fall in the value of its assets, even as the government stressed that airwaves of all telcos, including that of bankrupt companies like RCom, belong to the government.
Spectrum of bankrupt telcos who owe statutory dues cannot be sold: Govt to SC
"Spectrum can never be a subject of sale in IBC proceedings," solicitor general Tushar Mehta told the three-judge SC bench, headed by Justice Arun Mishra. The bench was hearing the adjusted gross revenue (AGR) case. RCom and its units have AGR dues of almost Rs 25,000 crore while Aircel owes the government Rs 12389.00 crore. The AGR dues are over and above other statutory dues.
Telecom department forecasts 70 per cent shortfall in revenues from communications
Govt won’t get payments from spectrum auctioned earlier because stressed telcos were granted a two-year moratorium to ease strain on cash flow.