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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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Mobile, Internet Services Partially Restored In Besieged Gaza
Gaza's main telecoms company said Sunday that mobile and internet services had gradually been restored in the centre and south of the beseiged Palestinian territory, after the latest service disruption.
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OTT Platforms in India Using 5G Networks Without Paying Up, Claims COAI DG
Cellular Operators Association of India Director General S P Kochhar on Thursday made a case for sharing profit between OTT players and telecom companies for using 5G networks. "While telcos carry their traffic of voice and data, majority of the use of these networks is done by OTT players who load these networks with massive amounts of data which...
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Vodafone Idea Seeks 30-Day Extension to Pay Rs. 1,680 Crore for Spectrum Auction Instalment
Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs. 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest.
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Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity
Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133 crore, the mobile carrier said.
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Jio Seeks to Deposit Rs. 3,720 Crore in Escrow Account to Acquire Reliance Infratel's Tower, Fibre Assets
Jio has proposed to deposit Rs 3,720 crore in an escrow account in order for the company to complete its acquisition of Reliance Infratel's tower and fibre assets. The company has stated that a delay in acquisition of the assets due to inter-creditor disputes will deteriorate the value of assets. The telecom operator placed a bid in November 2019 t...
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Airtel to Support All 5G Smartphones Except iPhone Models From Mid-November, Airtel CEO Gopal Vittal Says
Airtel 5G services will be supported on all 5G enabled smartphones by mid-November, Bharti Airtel Managing Director and Chief Executive Officer Gopal Vittal said on Tuesday. He stated that Apple would release the software update in the first week of November and all of its devices should support the company's 5G services by mid-December. While 5G w...
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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 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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Airtel Pays Rs 8,312.4 Crore To Clear 4-Year Instalment In Advance For 5G
Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the recently concluded 5G auctions, the company said on Wednesday.
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Tech Companies Body Says New Cybersecurity Rules May Instil Fear
Indian cybersecurity rules due to come into force later this month will create an "environment of fear rather than trust", IAMAI has said
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Ericsson Suspends All Russia Operations Indefinitely Over War in Ukraine
Swedish telecom equipment maker Ericsson has announced that it has suspended all its business in Russia for the foreseeable future. The company had stopped delivering products to Russia back in February at the start of the Ukraine war.
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BSNL, MTNL Merger Deferred Due To Financial Reasons: Minister
Government has deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons
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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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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.
-
Mobile, Internet Services Partially Restored In Besieged Gaza
Gaza's main telecoms company said Sunday that mobile and internet services had gradually been restored in the centre and south of the beseiged Palestinian territory, after the latest service disruption.
-
OTT Platforms in India Using 5G Networks Without Paying Up, Claims COAI DG
Cellular Operators Association of India Director General S P Kochhar on Thursday made a case for sharing profit between OTT players and telecom companies for using 5G networks. "While telcos carry their traffic of voice and data, majority of the use of these networks is done by OTT players who load these networks with massive amounts of data which...
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Vodafone Idea Seeks 30-Day Extension to Pay Rs. 1,680 Crore for Spectrum Auction Instalment
Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs. 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest.
-
Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity
Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133 crore, the mobile carrier said.
-
Jio Seeks to Deposit Rs. 3,720 Crore in Escrow Account to Acquire Reliance Infratel's Tower, Fibre Assets
Jio has proposed to deposit Rs 3,720 crore in an escrow account in order for the company to complete its acquisition of Reliance Infratel's tower and fibre assets. The company has stated that a delay in acquisition of the assets due to inter-creditor disputes will deteriorate the value of assets. The telecom operator placed a bid in November 2019 t...
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Airtel to Support All 5G Smartphones Except iPhone Models From Mid-November, Airtel CEO Gopal Vittal Says
Airtel 5G services will be supported on all 5G enabled smartphones by mid-November, Bharti Airtel Managing Director and Chief Executive Officer Gopal Vittal said on Tuesday. He stated that Apple would release the software update in the first week of November and all of its devices should support the company's 5G services by mid-December. While 5G w...
-
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 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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Airtel Pays Rs 8,312.4 Crore To Clear 4-Year Instalment In Advance For 5G
Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the recently concluded 5G auctions, the company said on Wednesday.
-
Tech Companies Body Says New Cybersecurity Rules May Instil Fear
Indian cybersecurity rules due to come into force later this month will create an "environment of fear rather than trust", IAMAI has said
-
Ericsson Suspends All Russia Operations Indefinitely Over War in Ukraine
Swedish telecom equipment maker Ericsson has announced that it has suspended all its business in Russia for the foreseeable future. The company had stopped delivering products to Russia back in February at the start of the Ukraine war.
-
BSNL, MTNL Merger Deferred Due To Financial Reasons: Minister
Government has deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons
-
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
