Agr

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.

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 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 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.

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.

In order to provide relief to telecom service providers the Department of Telecommunications (DoT) has scrapped 3 percent floor rate on spectrum usage charges.

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.

Government is studying proposals from three telecom companies keen to convert interest on deferred AGR dues into equity, telecom minister said

Tata Teleservices (Maharashtra) Limited has said that it will not opt for conversion of interest related to AGR dues into equity

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

The debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into government equity stake

Once the conversion is done, the government holding is expected to be about 9.5 per cent in the company

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.

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.

Unified licence system will include licensing framework for audio conferencing, audiotex and voice mail services, telecom department has said

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.

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 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 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.

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.

In order to provide relief to telecom service providers the Department of Telecommunications (DoT) has scrapped 3 percent floor rate on spectrum usage charges.

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.

Government is studying proposals from three telecom companies keen to convert interest on deferred AGR dues into equity, telecom minister said

Tata Teleservices (Maharashtra) Limited has said that it will not opt for conversion of interest related to AGR dues into equity

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

The debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into government equity stake

Once the conversion is done, the government holding is expected to be about 9.5 per cent in the company

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.

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.

Unified licence system will include licensing framework for audio conferencing, audiotex and voice mail services, telecom department has said