DoT focuses on Covid, AGR on backburner for now
“There have been no notices sent to telcos on their AGR payments or any discussions on it. Now, the focus of the Department of Telecommunications is on how to ensure smooth running of operations during the coronavirus pandemic,” said a government official who did not want to be identified.
If you think you've heard the last of the AGR dispute, think again
The Department of Telecom's calculations put Bharti Airtel's dues at Rs 37...
Voda Idea pays Rs 3,354 crore more in AGR dues
With Monday's payments, total amount paid by Vodafone Idea to the Department of Telecommunicat...
Government asks Airtel, Vodafone Idea, others to pay balance AGR dues without delays: Sources
The telecom department wrote to all the telcos asking them to pay balance dues "without delay".
Telcos won’t get 20 years to pay AGR dues if licences expire
The person said the government will insist that unless the licence is renewed, the telco will have to pay its statutory dues for the circle in which its license for spectrum is expiring, by the expiry date.
Vodafone Idea promoters may infuse $1.5 billion in telco if AGR dues are cut
A combination of reduced AGR dues and easier repayment terms on the back of recent tariff hikes, brokerage CLSA said, could send growth revival signals and encourage VIL’s promoters to reassess their stance of ‘no equity infusion’ to bolster the struggling telco’s financial position for competing more effectively with Bharti Airtel and Reliance Jio Infocomm.
Relief in the works for AGR-hit telecom companies
The development comes a day after the DoT issued notices to telcos to pay their remaining AGR dues without any further delay, increasing pressure on Vodafone Idea. The DoT also wrote to telcos seeking details and explanations for their self-assessment, needed for the government to reconcile the amounts with its calculations.
Sunil Mittal says Airtel has paid its AGR dues in full
DoT asked telcos to pay balance dues "without delay" and submit detailed bifurcation of payments.
Airtel, Reliance Jio to continue gaining market share due to Voda Idea's worsened financial health
Airtel and Jio will continue to gain market share due to Voda Idea's worsened financial health, Axis Capital says.
Vodafone Idea submits AGR self assessment, says total liabilities stand at Rs Rs 21,533 crore
"... the company has today filed its self-assessment of the AGR liabilities with the Department of Telecommunications. The self-assessment discloses the Company's AGR liabilities to aggregate Rs.21,533 crore including a principal amount of Rs.6,854 crore for the period from FY 2006-07 to FY 2018-19 and interest up to February 2020," said Voda Idea.
Govt should bring legislation to resolve AGR crisis: Harish Salve
There is a dispute between A and B, i.e., the government and the private telecom operators, that dispute gets resolved. The government gets a judgement in its favour. Now, as decree holder, if the government wants to hold back enforcing its decree, I do not know why it should not be open to the government, said Salve
'Formula to stagger payment of AGR dues had cabinet nod'
Cabinet approval was given after recommendations from DCC, which had discussed the issue in February, says MoS for communications Sanjay Dhotre
No further objections to be entertained, telcos must pay up AGR dues: SC
The Supreme Court said their order was clear and no further objections would be allowed against payable dues.
Supreme Court slams DoT & telcos over AGR self-assessment
Supreme Court tells operators to pay full dues as per DoT’s estimates and agrees to consider the government’s plea on allowing affected telcos to stagger payments over 20 years or less. The DoT, soon after, asked telcos to self-assess their dues and pay, adding that it would subsequently raise demand notices if it found the liabilities were more than what the carriers had paid.
Voda Idea may struggle to sustain beyond 2 years, despite likely AGR relief: Analysts
Vodafone Idea may still struggle to sustain its business in the long term given its weak cash flows.
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