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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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Setback For Telecom Firms, Top Court Rejects Plea On Adjusted Gross Revenue
The Supreme Court on Wednesday rejected telecom companies' plea to re-compute adjusted gross revenues, or AGRs, amid a long-standing dispute over payment of dues to the government.
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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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Spectrum Auction: DoT Gives Relief to Telcos by Scrapping Spectrum Usage Charge Floor Rate
In order to provide relief to telecom service providers the Department of Telecommunications (DoT) has scrapped 3 percent floor rate on spectrum usage charges.
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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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Vodafone Idea's Debt to Equity Conversion to Make Government Largest Shareholder With 36 Percent Stake
The government is set to become the largest shareholder of Vodafone Idea (Vi) as the company's board has approved the conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) dues into equity.
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India Ready To Support Resumption Of Direct Talks Between Israel-Palestine: Envoy
Ambassador of India to the UN TS Tirumurti on Tuesday (local time) said that the aspirations of the Palestinian people for Statehood and Israel's security concerns can be fulfilled through an open and direct dialogue based on the internationally agre
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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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Supreme Court Gives Telcos 10 Years to Pay AGR Dues to Government
India's top court on Tuesday gave telecom firms 10 years to pay back dues they owe to the federal government after they failed to make the payment by the January deadline.
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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
-
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.
-
Setback For Telecom Firms, Top Court Rejects Plea On Adjusted Gross Revenue
The Supreme Court on Wednesday rejected telecom companies' plea to re-compute adjusted gross revenues, or AGRs, amid a long-standing dispute over payment of dues to the government.
-
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.
-
Spectrum Auction: DoT Gives Relief to Telcos by Scrapping Spectrum Usage Charge Floor Rate
In order to provide relief to telecom service providers the Department of Telecommunications (DoT) has scrapped 3 percent floor rate on spectrum usage charges.
-
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.
-
Vodafone Idea's Debt to Equity Conversion to Make Government Largest Shareholder With 36 Percent Stake
The government is set to become the largest shareholder of Vodafone Idea (Vi) as the company's board has approved the conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) dues into equity.
-
India Ready To Support Resumption Of Direct Talks Between Israel-Palestine: Envoy
Ambassador of India to the UN TS Tirumurti on Tuesday (local time) said that the aspirations of the Palestinian people for Statehood and Israel's security concerns can be fulfilled through an open and direct dialogue based on the internationally agre
-
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.
-
Supreme Court Gives Telcos 10 Years to Pay AGR Dues to Government
India's top court on Tuesday gave telecom firms 10 years to pay back dues they owe to the federal government after they failed to make the payment by the January deadline.
