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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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Vodafone Idea Defers Rs 8,837 Crore Adjusted Gross Revenue Dues Payment
Debt-ridden telecom operator Vodafone Idea has decided to defer payment of additional adjusted gross revenues of Rs 8,837 crore dues 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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Government Studying 3 Telecom Companies' Proposal To Convert Dues Into Equity
Government is studying proposals from three telecom companies keen to convert interest on deferred AGR dues into equity, telecom minister said
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Tata Teleservices Not To Convert Interest Amount On AGR Dues Into Equity
Tata Teleservices (Maharashtra) Limited has said that it will not opt for conversion of interest related to AGR dues into equity
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Vodafone Idea Q3 Loss Widens To Rs 7,231 Crore
Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs 10,894.1 crore in the year-ago period for Vodafone Idea
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Telcos' Debt Liability To Remain Post Interest Dues Conversion Into Equity: Minister
The debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into government equity stake
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Tata Teleservices Okays Conversion of Interest On AGR Dues Into Equity
Once the conversion is done, the government holding is expected to be about 9.5 per cent in the company
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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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Airtel Won't Avail Option To Convert Interest On Dues Into Equity
Telecom operator Bharti Airtel will not avail the option of conversion of the interest on deferred spectrum and AGR dues into equity, under the reforms package, according to a regulatory filing by the company on Friday.
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Unified Licence To Have Framework For Audio Conferencing, Voice Mail Services
Unified licence system will include licensing framework for audio conferencing, audiotex and voice mail services, telecom department has said
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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.
-
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.
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Vodafone Idea Defers Rs 8,837 Crore Adjusted Gross Revenue Dues Payment
Debt-ridden telecom operator Vodafone Idea has decided to defer payment of additional adjusted gross revenues of Rs 8,837 crore dues 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.
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Government Studying 3 Telecom Companies' Proposal To Convert Dues Into Equity
Government is studying proposals from three telecom companies keen to convert interest on deferred AGR dues into equity, telecom minister said
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Tata Teleservices Not To Convert Interest Amount On AGR Dues Into Equity
Tata Teleservices (Maharashtra) Limited has said that it will not opt for conversion of interest related to AGR dues into equity
-
Vodafone Idea Q3 Loss Widens To Rs 7,231 Crore
Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs 10,894.1 crore in the year-ago period for Vodafone Idea
-
Telcos' Debt Liability To Remain Post Interest Dues Conversion Into Equity: Minister
The debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into government equity stake
-
Tata Teleservices Okays Conversion of Interest On AGR Dues Into Equity
Once the conversion is done, the government holding is expected to be about 9.5 per cent in the company
-
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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Airtel Won't Avail Option To Convert Interest On Dues Into Equity
Telecom operator Bharti Airtel will not avail the option of conversion of the interest on deferred spectrum and AGR dues into equity, under the reforms package, according to a regulatory filing by the company on Friday.
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Unified Licence To Have Framework For Audio Conferencing, Voice Mail Services
Unified licence system will include licensing framework for audio conferencing, audiotex and voice mail services, telecom department has said
