Telecom Agr Issue
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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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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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Vodafone Idea Shares Zoom, Touch Two-And-A-Half Year High
Shares of Vodafone Idea touched a two-and-a-half year high on Monday, after they reached Rs 15.88 per share level for the first time since May 2019
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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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Crisil Downgrades Vodafone Idea's Debt Issue Over Government Dues
The rating action reflects CRISIL's expectation of a lower likelihood of any relief from Government of India after the Supreme Court (SC) on February 14, 2020, did not grant any relief to the telecom companies, including Vodafone Idea, on adjusted gross revenue (AGR) dues and directed them to make the payment before the next hearing date i.e. March...
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AGR Risk For GAIL, Oil India, Power Grid Stays: Fitch
The Department of Telecom has issued demand notices to GAIL, Oil India and Power Grid for Rs 1.83 lakh crore, Rs 48,000 crore and Rs 22,000 crore, respectively.
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Overnight Payment Of Dues? Vodafone Will Have To Shut, Says Firm's Lawyer Mukul Rohatgi
Vodafone Idea has made a loss of over 2 lakh crores over the last decade and will have to shut shop if it has to pay all its dues to the government overnight. This would make 10,000 people jobless and inconvenience 30 crore subscribers, Mukul Rohatgi, the senior counsel for the company, told NDTV on Monday. It would also have an effect on the whole...
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Telcos Pay Part Of Government Dues, RBI Flags Fresh Concern: 10 Points
Debt-ridden telecom firms have paid part of the Rs 1.47 lakh crore they owe to the government as the Reserve Bank expressed concern on Monday about the possibility of their defaulting on bank loans. Bharti Airtel made a payment of Rs 10,000 crore on Monday. Vodafone Idea and Tata Group have already paid their share. The telecom companies -- which h...
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Telecom Firms Make Part-Payment Of AGR Dues As Top Court Refuses To Relent
The beleaguered telecom companies made part-payment of adjusted gross revenue (AGR) dues to the government after the telecom department began issuing orders to telecom companies to clear their dues immediately or face "necessary action." The telecom department started acting tough after a furious Supreme Court hauled up telecom companies and govern...
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Telecom Firms Warned Of "Necessary Action" If Dues Not Cleared Immediately
The zonal telecom units of the Department of Telecom (DoT) have not explicitly raised the issue of encashment of bank guarantees in the communications to the TSPs.
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Supreme Court Order On AGR Dues Will Be Discussed Internally If Issues Arise: RBI Chief
On Friday, the Supreme Court threatened contempt proceedings against top executives of Bharti Airtel, Vodafone Idea and other telecom firms for failing to comply with its directive to pay an estimated Rs 1.47 lakh crore in past dues.
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Telecom Stocks Slide After Top Court Says Companies In Contempt Over AGR Dues
The telecom companies had earlier filed pleas seeking a new schedule for paying statutory dues towards adjusted gross revenue (AGR) to the Department of Telecommunications (DoT). The telecom companies wanted to negotiate a fresh payment schedule with the telecom department, which has issued demand notices to them.
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DoT Tells Telecom Operators to Pay Pending AGR Dues Fast
The Department of Telecom (DoT) has asked telecom licensees to speed up the process of self-assessment of adjusted gross revenue (AGR) based dues and the payment of over Rs 1.47 lakh crore and submit comprehensive representation on previous issued demands latest by December 13, 2019.
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Telecom Regulator Plans To Review Transparency In Tariff Offers
Telecom service providers (TSPs) are currently required to ensure that the tariff plans are updated on their website and customer care centers every time there is a change in any of the tariff offerings.
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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
-
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
-
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
-
Vodafone Idea Shares Zoom, Touch Two-And-A-Half Year High
Shares of Vodafone Idea touched a two-and-a-half year high on Monday, after they reached Rs 15.88 per share level for the first time since May 2019
-
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.
-
Crisil Downgrades Vodafone Idea's Debt Issue Over Government Dues
The rating action reflects CRISIL's expectation of a lower likelihood of any relief from Government of India after the Supreme Court (SC) on February 14, 2020, did not grant any relief to the telecom companies, including Vodafone Idea, on adjusted gross revenue (AGR) dues and directed them to make the payment before the next hearing date i.e. March...
-
AGR Risk For GAIL, Oil India, Power Grid Stays: Fitch
The Department of Telecom has issued demand notices to GAIL, Oil India and Power Grid for Rs 1.83 lakh crore, Rs 48,000 crore and Rs 22,000 crore, respectively.
-
Overnight Payment Of Dues? Vodafone Will Have To Shut, Says Firm's Lawyer Mukul Rohatgi
Vodafone Idea has made a loss of over 2 lakh crores over the last decade and will have to shut shop if it has to pay all its dues to the government overnight. This would make 10,000 people jobless and inconvenience 30 crore subscribers, Mukul Rohatgi, the senior counsel for the company, told NDTV on Monday. It would also have an effect on the whole...
-
Telcos Pay Part Of Government Dues, RBI Flags Fresh Concern: 10 Points
Debt-ridden telecom firms have paid part of the Rs 1.47 lakh crore they owe to the government as the Reserve Bank expressed concern on Monday about the possibility of their defaulting on bank loans. Bharti Airtel made a payment of Rs 10,000 crore on Monday. Vodafone Idea and Tata Group have already paid their share. The telecom companies -- which h...
-
Telecom Firms Make Part-Payment Of AGR Dues As Top Court Refuses To Relent
The beleaguered telecom companies made part-payment of adjusted gross revenue (AGR) dues to the government after the telecom department began issuing orders to telecom companies to clear their dues immediately or face "necessary action." The telecom department started acting tough after a furious Supreme Court hauled up telecom companies and govern...
-
Telecom Firms Warned Of "Necessary Action" If Dues Not Cleared Immediately
The zonal telecom units of the Department of Telecom (DoT) have not explicitly raised the issue of encashment of bank guarantees in the communications to the TSPs.
-
Supreme Court Order On AGR Dues Will Be Discussed Internally If Issues Arise: RBI Chief
On Friday, the Supreme Court threatened contempt proceedings against top executives of Bharti Airtel, Vodafone Idea and other telecom firms for failing to comply with its directive to pay an estimated Rs 1.47 lakh crore in past dues.
-
Telecom Stocks Slide After Top Court Says Companies In Contempt Over AGR Dues
The telecom companies had earlier filed pleas seeking a new schedule for paying statutory dues towards adjusted gross revenue (AGR) to the Department of Telecommunications (DoT). The telecom companies wanted to negotiate a fresh payment schedule with the telecom department, which has issued demand notices to them.
-
DoT Tells Telecom Operators to Pay Pending AGR Dues Fast
The Department of Telecom (DoT) has asked telecom licensees to speed up the process of self-assessment of adjusted gross revenue (AGR) based dues and the payment of over Rs 1.47 lakh crore and submit comprehensive representation on previous issued demands latest by December 13, 2019.
-
Telecom Regulator Plans To Review Transparency In Tariff Offers
Telecom service providers (TSPs) are currently required to ensure that the tariff plans are updated on their website and customer care centers every time there is a change in any of the tariff offerings.
