Alarmed RBI seeks govt relief for telcos to avoid bad loans
Banks like YES, IndusInd, SBI, ICICI and PNB appear to have high exposures to Vodafone Idea.
Govt has little elbow room to ease burden on telcos: Chandrashekhar
Industry will need to raise or put money on the table for investing in 5G...
YES Bank, IndusInd, SBI, PNB face risk from Rs 91,000 crore telecom debt
IndusInd, YES and PNB are the least preferred stocks in the sector, ...
Vodafone Idea dives 39% as SC rejects AGR plea; here's what analysts say
The plea was filed by Vodafone Idea, Bharti Airtel and Tata Teleservices.
Sensex, Nifty flat ahead of key Q3 results; Vodafone Idea plunges 33%
Telecom indices were mixed after the SC dismissed their review petition on AGR issue.
Non-telcos to file review against AGR ruling: Solicitor General
Legal experts said though none of the PSUs were party to the case, which was fought between the Department of Telecommunications (DoT) and telecom companies, they could file review petitions since they were affected by a wider interpretation of the ruling.
Telcos file 5G trial applications
Both Vodafone Idea and Airtel have submitted their applications with Ericsson, Nokia, Huawei and ZTE, while Reliance Jio has submitted an application for trial with Korea’s Samsung, which is also the sole gear vendor for its pan-India 4G network. State-run telco BSNL, on the other hand, has submitted the application with ZTE only for trials.
What Supreme Court’s decision could mean for telcos
If the verdict doesn’t go in telcos’ favour, they will have to pay Rs 1.47 lakh crore of licence fees (over Rs 92,000 crore), spectrum usage charge (SUC), interest and penalties by January 23. Vodafone Idea and Airtel will be the worst hit, with dues of over Rs 53,000 crore and Rs 35,500 crore, respectively.
SC rejects telcos' AGR plea: Airtel better placed, Voda’s survival in doubt
Telcos face over Rs 1.02 lakh crore in additional licence fees, SUC, penalties and interest.
Airtel, Voda Idea shares jump up to 5% ahead of AGR review plea in SC
SC has listed the limited review petitions by telecom companies against the AGR verdict.
Huge blow to telecom cos: SC hangs up on telcos’ AGR review petitions
Voda Idea & Airtel may file curative petitions, seek more time to pay combined Rs 89,000 cr dues
Airtel, Jio, Voda Idea submit applications for 5G trials; Huawei partners with 2 telcos
Last month, Telecom Minister Ravi Shankar Prasad had said the government will allocate airwaves to all telecom service providers for conducting trials of super-fast speed 5G network. India will not bar any equipment suppliers in the upcoming trials for 5G.
Fewer users port out as telcos offer similar tariffs, quality
The reduction in mobile number portability (MNP) is good news for telcos since it means they have to invest less in trying to retain existing customers, said industry executives and analysts. MNP fell to 4.1 million in October last year from 5.4 million in the previous month, and the MNP churn rate dipped to 0.3% from 0.5% in September.
Banks, telcos, insurers may be exempted from GST e-invoices
Banks, airlines, insurance companies, armed forces and telecom service providers are likely to be exempted from mandatory issuing of e-invoices under goods and services tax (GST), said people aware of the matter.
No open-court hearing on AGR: Supreme Court
The two telcos - hit most by the AGR verdict wherein Airtel has to pay over Rs 35,500 crore and Vodafone Idea has to put in over Rs 53,000 crore - need to pay up by January 23. Both have issued warning bells that without sufficient government or judicial relief, they may go kaput. The telcos reportedly brought up the urgency of the matter before SC.
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