Telecom Firms Dues To Government
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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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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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BSNL to Receive Rs. 1.64 Lakh Crore Revival Package, to Merge With BBNL
Cabinet has given its nod to allocate Rs. 1.64 lakh crore for the revival of Bharat Sanchar Nigam Limited (BSNL). The package will focus at improving services, de-stressing balance sheet and expanding fibre network. The government also announced to merge BBNL with BSNL.
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India’s 5G Spectrum Auction Could See Muted Bids as Operators Jostle for Airwaves With Private Networks
Telecom giants Reliance Jio, Airtel and Vodafone Idea are expected to make muted bids at the 5G spectrum auction in July. The operators are concerned that they could lose about 40 percent in potential revenues due to the allotment of some airwaves to enterprises for private networks. Jio, Airtel and Vodafone Idea have failed to lobby the government...
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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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Vi CEO Ravinder Takkar Says Government Doesn’t Want to Run the Telco
A day after Vodafone Idea (Vi) opted to convert interest on dues to government equity, its CEO said the government had made its position amply clear that it does not want to run the telco.
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Union Cabinet Takes Decisions To Reform Telecom Sector. Read About Them Here
In a major reform push for the telecom sector in the country, the Union Cabinet on Wednesday cleared nine structural and five procedural reforms which are expected to reduce the financial burden off the cash strapped telecom firms and at the same time are also aimed at providing cash flow into the government's kitty, which would be used for install...
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New York Stock Exchange Reverses Course, To Delist 3 Chinese Firms
The New York Stock Exchange reversed course again Wednesday saying it would delist three Chinese telecom equities from trading due to new US government guidance.
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Supreme Court Gives Telcos 10 Years to Pay AGR Dues to Government
India's top court on Tuesday gave telecom firms 10 years to pay back dues they owe to the federal government after they failed to make the payment by the January deadline.
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Top Court Gives Telecom Firms 10 Years To Pay Dues, Contempt If Default
The Supreme Court on Tuesday gave telecom companies 10 years to clear huge dues owed to the government, called adjusted gross revenue (AGR), amounting to about Rs 1.6 lakh crore, in staggered payments. A three-judge bench of the top court said telecom companies must pay 10 per cent of the dues by March 31 next year. The Supreme Court rejected a 20-...
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Supreme Court Seeks Details From Telecom Department On Dues Of Firms Sharing Spectrum
AGR Case: The Supreme Court was hearing a batch of petitions seeking staggered payment of dues to the tune of around Rs 92,000 crore to the government by various telecom companies.
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In Telecom Dues Case, Lawyer's Folded-Hands Appeal In Top Court: 10 Facts
Former Attorney General Mukul Rohatgi today appealed to the Supreme Court with folded hands, asking it to grant at least 15 years to telecom companies to clear their dues with the government. The court had earlier warned of strong action for wrongdoing, saying it may send them "directly to jail". The loss-making telcos had initially asked for a 20...
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Supreme Court Seeks Road Map From Telcos On Dues, Vodafone Says "No Money To Even Pay Salaries"
The Supreme Court on Thursday asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the Adjusted Gross Revenue (AGR) related dues as Vodafone Idea said that it does not have enough money to even pay salaries to its employees.
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Supreme Court Slams Government For "Misuse" Of Telecom Verdict
The Supreme Court today sharply rebuked the Department of Telecommunications (DoT) for demanding Rs 4 lakh crore from state-run firms and accused it of misusing an earlier judgment. "This is wholly and totally impermissible," the court said, referring to what the government's telecom department has demanded from Public Sector Units (PSUs) like Oil ...
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Government Bats For Telecom Firms In Supreme Court Over Payment Of Dues
A 20-year window should be given to telecom firms to pay their AGR dues, the Centre has argued in Supreme Court today, backing the loss-making telcos which have been pushing for more time following a top court order for immediate payment.
-
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.
-
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.
-
BSNL to Receive Rs. 1.64 Lakh Crore Revival Package, to Merge With BBNL
Cabinet has given its nod to allocate Rs. 1.64 lakh crore for the revival of Bharat Sanchar Nigam Limited (BSNL). The package will focus at improving services, de-stressing balance sheet and expanding fibre network. The government also announced to merge BBNL with BSNL.
-
India’s 5G Spectrum Auction Could See Muted Bids as Operators Jostle for Airwaves With Private Networks
Telecom giants Reliance Jio, Airtel and Vodafone Idea are expected to make muted bids at the 5G spectrum auction in July. The operators are concerned that they could lose about 40 percent in potential revenues due to the allotment of some airwaves to enterprises for private networks. Jio, Airtel and Vodafone Idea have failed to lobby the government...
-
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
-
Vi CEO Ravinder Takkar Says Government Doesn’t Want to Run the Telco
A day after Vodafone Idea (Vi) opted to convert interest on dues to government equity, its CEO said the government had made its position amply clear that it does not want to run the telco.
-
Union Cabinet Takes Decisions To Reform Telecom Sector. Read About Them Here
In a major reform push for the telecom sector in the country, the Union Cabinet on Wednesday cleared nine structural and five procedural reforms which are expected to reduce the financial burden off the cash strapped telecom firms and at the same time are also aimed at providing cash flow into the government's kitty, which would be used for install...
-
New York Stock Exchange Reverses Course, To Delist 3 Chinese Firms
The New York Stock Exchange reversed course again Wednesday saying it would delist three Chinese telecom equities from trading due to new US government guidance.
-
Supreme Court Gives Telcos 10 Years to Pay AGR Dues to Government
India's top court on Tuesday gave telecom firms 10 years to pay back dues they owe to the federal government after they failed to make the payment by the January deadline.
-
Top Court Gives Telecom Firms 10 Years To Pay Dues, Contempt If Default
The Supreme Court on Tuesday gave telecom companies 10 years to clear huge dues owed to the government, called adjusted gross revenue (AGR), amounting to about Rs 1.6 lakh crore, in staggered payments. A three-judge bench of the top court said telecom companies must pay 10 per cent of the dues by March 31 next year. The Supreme Court rejected a 20-...
-
Supreme Court Seeks Details From Telecom Department On Dues Of Firms Sharing Spectrum
AGR Case: The Supreme Court was hearing a batch of petitions seeking staggered payment of dues to the tune of around Rs 92,000 crore to the government by various telecom companies.
-
In Telecom Dues Case, Lawyer's Folded-Hands Appeal In Top Court: 10 Facts
Former Attorney General Mukul Rohatgi today appealed to the Supreme Court with folded hands, asking it to grant at least 15 years to telecom companies to clear their dues with the government. The court had earlier warned of strong action for wrongdoing, saying it may send them "directly to jail". The loss-making telcos had initially asked for a 20...
-
Supreme Court Seeks Road Map From Telcos On Dues, Vodafone Says "No Money To Even Pay Salaries"
The Supreme Court on Thursday asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the Adjusted Gross Revenue (AGR) related dues as Vodafone Idea said that it does not have enough money to even pay salaries to its employees.
-
Supreme Court Slams Government For "Misuse" Of Telecom Verdict
The Supreme Court today sharply rebuked the Department of Telecommunications (DoT) for demanding Rs 4 lakh crore from state-run firms and accused it of misusing an earlier judgment. "This is wholly and totally impermissible," the court said, referring to what the government's telecom department has demanded from Public Sector Units (PSUs) like Oil ...
-
Government Bats For Telecom Firms In Supreme Court Over Payment Of Dues
A 20-year window should be given to telecom firms to pay their AGR dues, the Centre has argued in Supreme Court today, backing the loss-making telcos which have been pushing for more time following a top court order for immediate payment.
