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Cabinet Freezes Rs 87,695-Crore Dues In Big Relief For Vodafone Idea
In a major relief for debt-hit Vodafone Idea, the Union Cabinet approved a support package that freezes a large part of the telecom company's adjusted gross revenue dues.
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"No Reason Centre Can't Reconsider": Supreme Court Relief For Vodafone Over AGR
"No Reason Centre Can't Reconsider": Supreme Court Relief For Vodafone Over AGR
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Vodafone, Airtel, Tata's Plea Over Waiver Of Dues Rejected By Supreme Court
The Supreme Court on Monday dismissed the pleas of telecom majors Vodafone, Airtel and Tata Teleservices seeking the waiver of adjusted gross revenue (AGR) dues.
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Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government
The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.
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Airtel Pays Rs. 8,312 Crore to DoT as Advance Instalment for Recently Purchased 5G Spectrum
Airtel has paid Rs. 8,3 crore to the Department of Telecom (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions. With the payment, Airtel has paid four years of 2022 spectrum dues upfront. The company had an option to pay Rs. 3.8 crore upfront and the rest in 19 annual instalments.
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Bharti Airtel Defers Payment of AGR Dues Up to FY19 After DoT's Moratorium Offer
Bharti Airtel on Thursday said it has opted to defer the payment of AGR dues up to FY 2018-19, that are not tabulated in the Supreme Court's order, by up to four years. Last week, debt-ridden telecom operator Vodafone Idea (VIL) decided to defer payment of additional AGR dues of Rs. 8,837 crore by a period of four years.
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Three Telcos Interested in Converting Pending Dues into Equity: Telecom Minister Ashwini Vaishnaw
The government is considering proposals it has received from three telecom operators so far that are keen on converting their adjusted gross revenue (AGM) dues into equity, Telecom Minister Ashwini Vaishnaw told Rajya Sabha.
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Airtel Bank Guarantees With Centre Safe For 3 Weeks In Videocon Dues Case
In a temporary relief for Bharti Airtel, the Supreme Court today told the government to not encash the telecom giant's bank guarantees for three weeks over not paying Videocon's dues.
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Airtel Plea Against Payment Of Videocon's AGR Dues In Supreme Court Today
The Supreme Court will consider a plea by Bharti Airtel against payment of Videocon's AGR dues.
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Vodafone Loses 2,700 Crore In Market Cap After Kumar Mangalam Birla Letter
Vodafone Idea Ltd - struggling to clear AGR dues of more than Rs 50,000 crore - lost over Rs 2,700 crore in market cap, a day after a letter by Chairman Kumar Mangalam Birla - written in June to Cabinet Secretary Rajiv Gauba - was made public.
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Vodafone AGR Case Will Impact Connected Cars In India
Vodofone-Idea has tumbled from being the leading mobile telecom operator to being relegated as number three behind Reliance Jio and Airtel.
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In Telecom Dues Case, Lawyer's Folded-Hands Appeal In Top Court: 10 Facts
Former Attorney General Mukul Rohatgi today appealed to the Supreme Court with folded hands, asking it to grant at least 15 years to telecom companies to clear their dues with the government. The court had earlier warned of strong action for wrongdoing, saying it may send them "directly to jail". The loss-making telcos had initially asked for a 20...
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Vodafone Idea Sees Subscriber Base Drop to 29.1 Crores, Posts Biggest Ever Loss by an Indian Firm
Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs. 73,878 crores of net loss in fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues.
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Supreme Court To Hear Case On Telecom Dues On Thursday
The matter of adjusted gross revenue (AGR) will be heard by the Supreme Court tomorrow.
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Supreme Court Lashes Out at Telcos, Says No Reevaluation of AGR Dues Allowed
Supreme Court on Wednesday lashed out at mobile phone operators for self-assessing their outstanding telecoms dues, saying it amounted to a violation of court orders.
-
Cabinet Freezes Rs 87,695-Crore Dues In Big Relief For Vodafone Idea
In a major relief for debt-hit Vodafone Idea, the Union Cabinet approved a support package that freezes a large part of the telecom company's adjusted gross revenue dues.
-
"No Reason Centre Can't Reconsider": Supreme Court Relief For Vodafone Over AGR
"No Reason Centre Can't Reconsider": Supreme Court Relief For Vodafone Over AGR
-
Vodafone, Airtel, Tata's Plea Over Waiver Of Dues Rejected By Supreme Court
The Supreme Court on Monday dismissed the pleas of telecom majors Vodafone, Airtel and Tata Teleservices seeking the waiver of adjusted gross revenue (AGR) dues.
-
Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government
The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.
-
Airtel Pays Rs. 8,312 Crore to DoT as Advance Instalment for Recently Purchased 5G Spectrum
Airtel has paid Rs. 8,3 crore to the Department of Telecom (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions. With the payment, Airtel has paid four years of 2022 spectrum dues upfront. The company had an option to pay Rs. 3.8 crore upfront and the rest in 19 annual instalments.
-
Bharti Airtel Defers Payment of AGR Dues Up to FY19 After DoT's Moratorium Offer
Bharti Airtel on Thursday said it has opted to defer the payment of AGR dues up to FY 2018-19, that are not tabulated in the Supreme Court's order, by up to four years. Last week, debt-ridden telecom operator Vodafone Idea (VIL) decided to defer payment of additional AGR dues of Rs. 8,837 crore by a period of four years.
-
Three Telcos Interested in Converting Pending Dues into Equity: Telecom Minister Ashwini Vaishnaw
The government is considering proposals it has received from three telecom operators so far that are keen on converting their adjusted gross revenue (AGM) dues into equity, Telecom Minister Ashwini Vaishnaw told Rajya Sabha.
-
Airtel Bank Guarantees With Centre Safe For 3 Weeks In Videocon Dues Case
In a temporary relief for Bharti Airtel, the Supreme Court today told the government to not encash the telecom giant's bank guarantees for three weeks over not paying Videocon's dues.
-
Airtel Plea Against Payment Of Videocon's AGR Dues In Supreme Court Today
The Supreme Court will consider a plea by Bharti Airtel against payment of Videocon's AGR dues.
-
Vodafone Loses 2,700 Crore In Market Cap After Kumar Mangalam Birla Letter
Vodafone Idea Ltd - struggling to clear AGR dues of more than Rs 50,000 crore - lost over Rs 2,700 crore in market cap, a day after a letter by Chairman Kumar Mangalam Birla - written in June to Cabinet Secretary Rajiv Gauba - was made public.
-
Vodafone AGR Case Will Impact Connected Cars In India
Vodofone-Idea has tumbled from being the leading mobile telecom operator to being relegated as number three behind Reliance Jio and Airtel.
-
In Telecom Dues Case, Lawyer's Folded-Hands Appeal In Top Court: 10 Facts
Former Attorney General Mukul Rohatgi today appealed to the Supreme Court with folded hands, asking it to grant at least 15 years to telecom companies to clear their dues with the government. The court had earlier warned of strong action for wrongdoing, saying it may send them "directly to jail". The loss-making telcos had initially asked for a 20...
-
Vodafone Idea Sees Subscriber Base Drop to 29.1 Crores, Posts Biggest Ever Loss by an Indian Firm
Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs. 73,878 crores of net loss in fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues.
-
Supreme Court To Hear Case On Telecom Dues On Thursday
The matter of adjusted gross revenue (AGR) will be heard by the Supreme Court tomorrow.
-
Supreme Court Lashes Out at Telcos, Says No Reevaluation of AGR Dues Allowed
Supreme Court on Wednesday lashed out at mobile phone operators for self-assessing their outstanding telecoms dues, saying it amounted to a violation of court orders.
