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Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
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Bharti Airtel Pays $1 Billion to Partly Clear 2016 Spectrum Dues
Airtel has partly settled its outstanding spectrum fees from a 2016 auction. This is the first payment the country's second-largest telecom operator is making for the phone spectrum it acquired for $2.13 billion (roughly Rs. 17,852 crore) in 2016.
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COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...
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Telecom Minister Asks Service Providers to Prepare for 5G Rollout
Telecom Minister Ashwini Vaishnaw said on Thursday that he had requested telecom operators in the country to prepare for the rollout of 5G services. India's biggest ever auction of telecom spectrum recently concluded, with the Department of Telecom received a record Rs 1.5 lakh crore worth of bids.
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Airtel Shares Surge After Advance Payments to DoT for 5G Spectrum Purchase
Airtel share price surged on Thursday after the company made advance payments for 5G spectrum purchase. The scrip touched a high of Rs 735.70 in the intra-day. The company has paid Rs. 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the recently concluded 5G auctions.
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Airtel Gets 5G Spectrum Allocation Letter Soon After Upfront Payment to DoT
Airtel has received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, the telecom company’s chairman Sunil Bharti Mittal said on Thursday. While all telecom operators have opted to make payments in 20 annual instalments, Bharti Airtel paid Rs 8,312 crore equivalent to four annual instalments to th...
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Department of Telecom Said to Receive Rs. 17,876 Crore From Operators as Upfront Payment for 5G Spectrum
The Department of Telecom (DoT) is said to have received an upfront payment of Rs. 17,876 crore from telecom operators and Adani Data Networks, ahead of the rollout of 5G services in the country. Operators Reliance Jio, Bharti Airtel and Vodafone Idea have paid their dues based on the bids placed at the recently concluded 5G spectrum auction.
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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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5G Spectrum Services to Rollout in August-September: IT Minister Ashwini Vaishnaw
5G Spectrum Services will begin rollout by August or September, revealed Telecom and IT Minister Ashwini Vaishnaw. He also announced an MoU signed between UPI and a France-based payment settlement organization.
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BSNL to Get Rs. 44,720 Crore From the Government in 2022-23
The government will infuse Rs 44,720 crore into loss-making state-owned telecom firm BSNL in the next financial year, according to Budget documents.
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DoT Amends Licenses to Defer Spectrum Dues Payment
The Department of Telecom (DoT) has amended the unified access services license to defer payments of the spectrum auction instalments due for 2020-21 and 2021-22, operationalising the committee of secretaries' decision to allow a two-year moratorium.
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Tariff Hike, Relief on Spectrum Fee Payment Won’t Offset Impact of Supreme Court Ruling: Fitch Ratings
Fitch has a negative outlook on the telecom sector for 2020 primarily due to heightened financial risk associated with the large unpaid AGR-related dues.
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Government Grants Telcos Relief by Deferring Spectrum Payments
India on Wednesday allowed telecom operators to defer payments due for airwaves bought via auction until the end of March 2022, giving some respite to firms after a court ruled they must pay overdue levies and interest of nearly $13 billion.
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Airtel To Raise Rs 16,500 Crore For Spectrum Payment, Refinancing Debt
The company's board has approved "issuance of non-convertible debentures of up to Rs 10,000 crore on a private placement basis", the company said in a regulatory filing to the BSE.
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Mobile Carriers Can Hold More Spectrum; Payment Norms Eased
The cabinet approved on Wednesday an increase to the cap on airwaves that a mobile operator can hold to 35% from 25%, government said.
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Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
-
Bharti Airtel Pays $1 Billion to Partly Clear 2016 Spectrum Dues
Airtel has partly settled its outstanding spectrum fees from a 2016 auction. This is the first payment the country's second-largest telecom operator is making for the phone spectrum it acquired for $2.13 billion (roughly Rs. 17,852 crore) in 2016.
-
COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...
-
Telecom Minister Asks Service Providers to Prepare for 5G Rollout
Telecom Minister Ashwini Vaishnaw said on Thursday that he had requested telecom operators in the country to prepare for the rollout of 5G services. India's biggest ever auction of telecom spectrum recently concluded, with the Department of Telecom received a record Rs 1.5 lakh crore worth of bids.
-
Airtel Shares Surge After Advance Payments to DoT for 5G Spectrum Purchase
Airtel share price surged on Thursday after the company made advance payments for 5G spectrum purchase. The scrip touched a high of Rs 735.70 in the intra-day. The company has paid Rs. 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the recently concluded 5G auctions.
-
Airtel Gets 5G Spectrum Allocation Letter Soon After Upfront Payment to DoT
Airtel has received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, the telecom company’s chairman Sunil Bharti Mittal said on Thursday. While all telecom operators have opted to make payments in 20 annual instalments, Bharti Airtel paid Rs 8,312 crore equivalent to four annual instalments to th...
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Department of Telecom Said to Receive Rs. 17,876 Crore From Operators as Upfront Payment for 5G Spectrum
The Department of Telecom (DoT) is said to have received an upfront payment of Rs. 17,876 crore from telecom operators and Adani Data Networks, ahead of the rollout of 5G services in the country. Operators Reliance Jio, Bharti Airtel and Vodafone Idea have paid their dues based on the bids placed at the recently concluded 5G spectrum auction.
-
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.
-
5G Spectrum Services to Rollout in August-September: IT Minister Ashwini Vaishnaw
5G Spectrum Services will begin rollout by August or September, revealed Telecom and IT Minister Ashwini Vaishnaw. He also announced an MoU signed between UPI and a France-based payment settlement organization.
-
BSNL to Get Rs. 44,720 Crore From the Government in 2022-23
The government will infuse Rs 44,720 crore into loss-making state-owned telecom firm BSNL in the next financial year, according to Budget documents.
-
DoT Amends Licenses to Defer Spectrum Dues Payment
The Department of Telecom (DoT) has amended the unified access services license to defer payments of the spectrum auction instalments due for 2020-21 and 2021-22, operationalising the committee of secretaries' decision to allow a two-year moratorium.
-
Tariff Hike, Relief on Spectrum Fee Payment Won’t Offset Impact of Supreme Court Ruling: Fitch Ratings
Fitch has a negative outlook on the telecom sector for 2020 primarily due to heightened financial risk associated with the large unpaid AGR-related dues.
-
Government Grants Telcos Relief by Deferring Spectrum Payments
India on Wednesday allowed telecom operators to defer payments due for airwaves bought via auction until the end of March 2022, giving some respite to firms after a court ruled they must pay overdue levies and interest of nearly $13 billion.
-
Airtel To Raise Rs 16,500 Crore For Spectrum Payment, Refinancing Debt
The company's board has approved "issuance of non-convertible debentures of up to Rs 10,000 crore on a private placement basis", the company said in a regulatory filing to the BSE.
-
Mobile Carriers Can Hold More Spectrum; Payment Norms Eased
The cabinet approved on Wednesday an increase to the cap on airwaves that a mobile operator can hold to 35% from 25%, government said.
