AGR dues: Govt receives Rs 15,896 cr payment from telcos; balance amount pegged at Rs 1,30,440 cr, says Union minister Sanjay Dhotre
5 years ago

AGR dues: Govt receives Rs 15,896 cr payment from telcos; balance amount pegged at Rs 1,30,440 cr, says Union minister Sanjay Dhotre

Firstpost  

The government has received Rs 15,896.5 crore payment from telecom companies towards AGR liabilities, placing the remaining dues at Rs 1,30,440.4 crore, the Lok Sabha was informed on Wednesday New Delhi: The government has received Rs 15,896.5 crore payment from telecom companies towards AGR liabilities, placing the remaining dues at Rs 1,30,440.4 crore, the Lok Sabha was informed on Wednesday. “As per license agreement, the Government takes action against licensees including Telecom Service Providers over non-compliance of Supreme Court order dated 24 October, 2019 on payment of dues of Department of Telecommunication,” he said. Detailing out payments made by telecom companies to the DoT towards statutory dues, Dhotre informed that against the provisional total dues of Rs 1,46,336.9 crore, payment to the tune of Rs 15,896.5 crore have been received. Giving out TSPs-wise payments and provisional balance dues, Dhotre informed that Vodafone Idea has paid Rs 3,500 crore, putting the balance dues at Rs 49,538 crore.

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History of this topic

Paytm shares surge 6% as subsidiary gets Sebi's research analyst certificate
1 week, 2 days ago

Paytm shares surge 6% as subsidiary gets Sebi's research analyst certificate

India Today  

Shares of One97 Communications Limited, which owns Paytm, surged up to 6% in early trade on Tuesday after its subsidiary got a green light from the Securities and Exchange Board of India to offer research services. In a filing with the Bombay Stock Exchange, Paytm said, "We wish to inform you that Paytm Money Ltd, a wholly-owned subsidiary of One …

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore
1 month, 2 weeks ago

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore

The Hindu  

Vodafone Idea Ltd for the third quarter ended December 31, 2024 narrowed its net loss to ₹6,609 crore from net loss of ₹6,986 crore in the year ago period. With the recent equity infusion of ₹1,910 crore from one of our promoters, we have now secured approximately ₹26,000 crore in fresh equity capital over the past 10 months. On January …

Paytm share price gains after reporting Q3 results. Check details here
2 months, 1 week ago

Paytm share price gains after reporting Q3 results. Check details here

India Today  

Shares of One97 Communication Limited, the parent company of digital payments firm Paytm, rose after the company reported its financial results for the third quarter. The company’s net loss narrowed to Rs 208 crore in Q3FY25, compared to Rs 219.8 crore in the same period last year. “Our employee costs for 9M FY 2025 is lower by Rs 451 Cr …

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016
3 months, 1 week ago

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016

Live Mint  

Telecom major Bharti Airtel Ltd. announced on Thursday, December 19, that the company has paid off ₹3,626 crore in dues, which it owed to the Department of Telecom for the spectrums it acquired in 2016, according to an official statement. In the exchange filing, Bharti Airtel said that “it has prepaid ₹3,626 crores to the Department of Telecom clearing all …

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators
4 months ago

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators

ABP News  

The cumulative debt of the country’s four major telecom operators reached Rs 4,09,905 crore in the financial year 2024, with state-run Bharat Sanchar Nigam Limited reporting the lowest debt at Rs 23,297 crore, Parliament was informed. According to the data, Vodafone Idea carried the heaviest debt load at Rs 2.07 lakh crore, followed by Bharti Airtel at Rs 1.25 lakh …

India: Telecom debt crosses ₹4 lakh crore in FY24
4 months ago

India: Telecom debt crosses ₹4 lakh crore in FY24

Deccan Chronicle  

New Delhi: The government on Wednesday said that the total debt on four major telecom operators in the country, including Reliance Jio, Bharti Airtel and Vodafone Idea stood at over Rs 4 lakh crore in the financial year 2024, with state-owned Bharat Sanchar Nigam Limited recording the lowest debt among competitors at Rs 23,297 crore. According to data shared by …

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore
11 months ago

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore

Hindustan Times  

New Delhi, Reliance Industries Ltd on Monday reported an almost flat March quarter net profit, while its annual earnings hit a record high on the back of a recovery in its core oil and petrochemicals business and sustained momentum across the consumer-facing telecom and retail businesses. Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹ 69,621 crore …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
1 year ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

TCS Q2 results: Net profit rises 8.7% to Rs 11,342
1 year, 5 months ago

TCS Q2 results: Net profit rises 8.7% to Rs 11,342

India TV News  

The country's largest software company Tata Consultancy Services on Wednesday said its net profit increased 8.7 percent year-on-year to Rs 11,342 crore in the September 2023 quarter. Its revenue from operations rose 7.9 percent year-on-year to Rs 59,692 crore in the reporting quarter from Rs 55,309 crore a year ago, the company said. The company's operating profit during the reporting …

Paytm eyes India-scale AI system; fintech investing to build new software stack
1 year, 7 months ago

Paytm eyes India-scale AI system; fintech investing to build new software stack

Live Mint  

One97 Communications Limited, which owns the brand Paytm, is investing in artificial intelligence with an eye on building artificial general intelligence software stack. In his letter, Sharma mentioned that Paytm's next contribution for India's Digital revolution after mobile payments, will be – small mobile credit with high credit quality and fully compliant with the regulators' guidelines. Paytm announced its April-June …

Telecom Subscriber Base In India Grows Marginally In January: TRAI
1 year, 11 months ago

Telecom Subscriber Base In India Grows Marginally In January: TRAI

News 18  

New Delhi, Mar 31: The telecom subscriber base in the country grew marginally to 1,170.75 million in January, driven by net customer gain in the fixed line segment, according to a sector regulator Trai report released on Friday. Even though Reliance Jio and Bharti Airtel jointly added 0.29 million new customers, the gain was offset by BSNL and Vodafone Idea …

Govt to become largest shareholder in Vi post conversion of AGR dues to equities
2 years, 1 month ago

Govt to become largest shareholder in Vi post conversion of AGR dues to equities

Live Mint  

The government has passed an order to convert adjusted gross revenue dues of telecom services provider, Vodafone Idea into equities for nearly ₹16,133.2 crore. Joshi added, "Classifying the proposed stake by the government as public shareholding, the regulator in its then order, had stated that the acquisition by the government is proposed with the sole intent of saving the larger …

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity
2 years, 1 month ago

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity

Deccan Chronicle  

NEW DELHI: The government cleared conversion of Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment, telecom minister Ashwini Vaishnaw said on Friday. Throwing a lifeline to the troubled telco, the government has approved conversion of over Rs 16,133 crore interest …

Reliance Jio topples BSNL; becomes largest fixed-line service provider with over 7 million subscribers
2 years, 5 months ago

Reliance Jio topples BSNL; becomes largest fixed-line service provider with over 7 million subscribers

India TV News  

Highlights This is the first time a private operator has gained the numero uno position in the wireline segment BSNL has been providing wireline services since the last 22 years Jio, on the contrary, launched its wireline offering 3 years ago Private telecom operator Reliance Jio toppled state-run BSNL in August to become the largest fixed-line service provider in the …

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation
2 years, 7 months ago

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation

Op India  

On Thursday, the Bharti Airtel founder and Chairman Sunil Bharti Mittal lauded the PM Modi led-government for ease of doing business after the company received an allocation letter for the designated 5G spectrum within hours of payment of the dues. Reports mention that the Department of Telecommunications has received an upfront payment of around Rs 17,876 crore from companies including …

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore
2 years, 8 months ago

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore

Live Mint  

Telecom giant, Reliance Jio registered a net profit of ₹4,335 crore in the quarter ending June 30, 2022 compared to a PAT of ₹3,501 crore in the same quarter last year - recording a growth of 23.82%. As of June 30, 2022, the company's net worth is around ₹2,02,132 crore compared to ₹1,86,475 crore as of June 2021. During the …

Reliance Jio Q1 results: Net profit rises 24 pc to Rs 4,335 crore
2 years, 8 months ago

Reliance Jio Q1 results: Net profit rises 24 pc to Rs 4,335 crore

India TV News  

Reliance Jio Q1 results: Net profit rises 24 pc to Rs 4,335 crore Reliance Jio clocked revenue from operations of Rs 21,873 crore in the just-ended quarter, which was 21.5 per cent higher than the year-ago period,. Reliance Jio Q1 results: India's largest telecom operator Reliance Jio Infocomm on Friday reported a nearly 24 per cent year-on-year rise in its …

Reliance Jio adds 31 lakh new mobile users in May, says TRAI data
2 years, 8 months ago

Reliance Jio adds 31 lakh new mobile users in May, says TRAI data

Live Mint  

Private telecom operator firm Reliance Jio has cemented its lead in the Indian telecom market as it gained over 31 lakh mobile subscribers in May, says the sector regulator on 19 July. According to monthly subscriber data by Telecom Regulatory Authority of India, Reliance Jio gained 31.11 lakh wireless subscribers, taking its mobile customer count to 40.87 crore. Earlier on …

Vodafone Idea defers Rs 8,837 cr AGR dues payment, gets option to pay interest via equity
2 years, 9 months ago

Vodafone Idea defers Rs 8,837 cr AGR dues payment, gets option to pay interest via equity

India TV News  

Highlights Debt-ridden telecom operator has decided to defer payment by a period of four years Amount of AGR related dues as stated in the said DoT Letter is Rs 8,837 crores Government calculates its share of revenue from telecom operators based on their AGR Debt-ridden telecom operator Vodafone Idea has decided to defer payment of additional adjusted gross revenues of …

Paytm's Rs 18,300 crore IPO subscribed 48% on Day-2
3 years, 4 months ago

Paytm's Rs 18,300 crore IPO subscribed 48% on Day-2

India TV News  

Paytm's Rs 18,300 crore IPO subscribed 48% on Day-2 The initial public offering of Paytm's parent company One97 Communications Ltd received bids for 2.34 crore equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges. The initial public offering of Paytm's parent company One97 Communications Ltd received bids for 2.34 crore equity shares …

BSNL seeks ₹40,000 crore support from government
3 years, 5 months ago

BSNL seeks ₹40,000 crore support from government

The Hindu  

State-owned telecom firm BSNL has approached the government for ₹40,000 crore financial help, half of which it needs in the form of sovereign guarantee to clear short-term debt. BSNL Chairman and Managing Director P. K. Purwar told PTI that the company does not need any additional debt and its business has become self-sustainable to support the operations. The Appointments Committee …

Jio, Airtel add mobile subscribers in July, VIL loses 14.3 lakh users: Trai data
3 years, 6 months ago

Jio, Airtel add mobile subscribers in July, VIL loses 14.3 lakh users: Trai data

Firstpost  

Reliance Jio gained 65.1 lakh subscribers in July cementing its market lead, while Bharti Airtel added 19.42 lakh customers during the month. New Delhi: India’s largest telecom operator Reliance Jio added mobile subscribers at a scorching pace in July, outpacing rivals, and Airtel also spruced up its user tally, even as Vodafone Idea lost 14.3 lakh customers, according to data …

Paytm looking to launch Rs 16,600-crore IPO by October
3 years, 8 months ago

Paytm looking to launch Rs 16,600-crore IPO by October

India TV News  

Digital payments and financial services firm Paytm wants to hit the market with its Rs 16,600 crore IPO at the earliest and very likely by October, sources said on Monday. Paytm plans to earmark Rs 2,000 crore for business initiatives, acquisitions and strategic partnerships and up to 25 per cent of the total fund raised through the IPO for general …

Paytm IPO: Digital payments firm to file documents next week, to raise Rs 16,600 crore
3 years, 8 months ago

Paytm IPO: Digital payments firm to file documents next week, to raise Rs 16,600 crore

India TV News  

Digital payments firm Paytm is expected to seek shareholders' approval to raise up to Rs 16,600 crore through an initial share sale, giving it a valuation of over Rs 1.78 lakh crore, according to a source. The extraordinary general meeting of Paytm is scheduled for July 12 in which the company may seek approval to raise up to Rs 12,000 …

Reliance Jio adds over 79 lakh mobile subscribers in March: TRAI data
3 years, 9 months ago

Reliance Jio adds over 79 lakh mobile subscribers in March: TRAI data

India TV News  

Reliance Jio gained over 79 lakh mobile users in March, surpassing the combined net adds by rivals Bharti Airtel and Vodafone Idea during the month, according to data released by TRAI on Friday. While Bharti Airtel added 40.5 lakh, wireless users, Vodafone Idea gained 10.8 lakh customers during March. Reliance Jio added 79.18 lakh, wireless subscribers, in March, taking its …

PhonePe Continues to Lead UPI-Based Payments Market With Over 970mn Transactions in February 2021
4 years ago

PhonePe Continues to Lead UPI-Based Payments Market With Over 970mn Transactions in February 2021

News 18  

PhonePe continued to lead the UPI-based digital payments market in India in February 2021, with over 970 million transactions, the company announced earlier today. The National Payments Corporation of India website shows that roughly 2,292 million UPI transactions worth Rs 4,25,062 crores took place in India last month, though the full report is yet to be shared. PhonePe’s domestic rival …

Telcos may recover in Q2 with uptick in Arpu
4 years, 5 months ago

Telcos may recover in Q2 with uptick in Arpu

Live Mint  

Telecom operators are expected to post better numbers for July-September, in which key metrics such as average revenue per user may improve with both physical and digital recharges picking up and low-end feature phone users such as migrant workers returning to work as the economy reopens. More recharges, additions to the 4G network, and some reversal of SIM card consolidation …

Vodafone Idea, Airtel lose over 59 lakh mobile users in June; Jio adds 45 lakh: Trai data
4 years, 6 months ago

Vodafone Idea, Airtel lose over 59 lakh mobile users in June; Jio adds 45 lakh: Trai data

India TV News  

Vodafone Idea Ltd and Airtel lost about 48.2 lakh and 11.3 lakh users, respectively, in June, even as rival Reliance Jio added nearly 45 lakh customers strengthening its hold in the mobile telephony market, Trai's subscriber tally for the month showed. India's overall wireless subscriber base shrunk by 0.28 per cent to 114 crore at the end of June 2020, …

SC Gives Telecom Firms 10 Years to Clear AGR Dues of Rs 1.6 Lakh Crore; 10% to be Paid by March 31
4 years, 6 months ago

SC Gives Telecom Firms 10 Years to Clear AGR Dues of Rs 1.6 Lakh Crore; 10% to be Paid by March 31

News 18  

The Supreme Court on Tuesday gave telecom firms 10 years to clear Adjusted Gross Revenue-related dues, which run into about Rs 1.6 lakh crore. Each company will decide if they want to file a review petition.” The department of telecommunications had in March appealed to the top court seeking 20 years for payment of AGR dues, including spectrum usage charge, …

Supreme Court grants 10 years to telecom companies to clear AGR dues of Rs 1.6 lakh crore
4 years, 6 months ago

Supreme Court grants 10 years to telecom companies to clear AGR dues of Rs 1.6 lakh crore

India Today  

The Supreme Court on Tuesday announced its verdict in the much-awaited Adjusted Gross Revenue case and granted 10 years time to telecom firms to clear outstanding dues. The top court added that 10 per cent of the total AGR dues have to be cleared by telecom firms by March 31, 2021. Last year the Apex court had passed orders directing …

SC to Pronounce Verdict on AGR-related Issue Tomorrow
4 years, 6 months ago

SC to Pronounce Verdict on AGR-related Issue Tomorrow

News 18  

The Supreme Court is scheduled to pronounce its verdict on Tuesday on issues including the timeline for staggered payment of Adjusted Gross Revenue-related dues which run into about Rs 1.6 lakh crore by telecom companies. The top court had in October 2019 delivered the verdict on the AGR issue for calculating government dues of telecom companies, such as Vodafone Idea, …

Overlooking BSNL, India Post Opts for Private Telecom Players, Pays Whopping Bills of Upto Rs 1.5 Crore, Reveals RTI
4 years, 7 months ago

Overlooking BSNL, India Post Opts for Private Telecom Players, Pays Whopping Bills of Upto Rs 1.5 Crore, Reveals RTI

News 18  

Setting aside the state-run Bharat Sanchar Nigam Ltd, the Department of Posts, trading as India Post has opted for private telecom players- Vodafone, Airtel and Reliance Jio for mobile connections provided to its employees. According to information revealed under the RTI Act filed by Arif Jwadder, for a total of 4,487 connections, a little over Rs 4.5 lakh was paid …

[AGR Case] Reliance Jio Tells SC That It Has Paid Its Share Of AGR Dues & Spectrum Sharing Dues; SC To Continue Hearing Tomorrow
4 years, 7 months ago

[AGR Case] Reliance Jio Tells SC That It Has Paid Its Share Of AGR Dues & Spectrum Sharing Dues; SC To Continue Hearing Tomorrow

Live Law  

The Supreme Court on Tuesday was informed by Senior Advocate Harish Salve that Reliance Jio had already paid Rs 195 crore AGR dues and that if there were any remaining dues, if at all, they would be paid by Jio as well.Salve submitted before a bench of Justices Ashok Bhushan, S. Abdul Nazeer & MR Shah that the payment of …

Vodafone Idea pays another Rs 1,000 crore to govt towards AGR dues
4 years, 8 months ago

Vodafone Idea pays another Rs 1,000 crore to govt towards AGR dues

India TV News  

Vodafone Idea on Saturday said it has paid additional Rs 1,000 crore to the government towards the statutory dues, taking its total payment to an aggregate Rs 7,854 crore. The company had earlier deposited Rs 6,854 crore in three tranches, Vodafone Idea said in a regulatory filing. "In line with the above, the company has yesterday paid a further sum …

SC seeks road map from telcos on AGR dues, Vodafone says no money to even pay salaries
4 years, 9 months ago

SC seeks road map from telcos on AGR dues, Vodafone says no money to even pay salaries

India TV News  

The Supreme Court Thursday asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the Adjusted Gross Revenue related dues as Vodafone Idea said that it does not have enough money to even pay salaries to its employees. Senior advocate Mukul Rohatgi, appearing for Vodafone Idea, said that as per the government’s calculations it …

Reliance Industries to use three-fourth of Rs 53,125-cr rights issue proceeds to repay debt
4 years, 10 months ago

Reliance Industries to use three-fourth of Rs 53,125-cr rights issue proceeds to repay debt

Firstpost  

Reliance Industries will use three-fourth of proceeds of its mega rights issue for repayment of some of its borrowings, according to offer document New Delhi: Reliance Industries will use three-fourth of proceeds of its mega rights issue for repayment of some of its borrowings, according to offer document. The company expects net proceeds of Rs 53,036.13 crore from the rights …

Reliance Jio's Q4 net profit soars to whopping 177.5% at Rs 2,331 cr, revenue jumps 27% to Rs 14,835 cr
4 years, 10 months ago

Reliance Jio's Q4 net profit soars to whopping 177.5% at Rs 2,331 cr, revenue jumps 27% to Rs 14,835 cr

Firstpost  

Reliance Jio’s rise in net profit, up from Rs 840 crore reported during the corresponding period of FY 2018-19, was fuelled by rising subscriber base and recent tariff hike. The rise in net profit, up from Rs 840 crore reported during the corresponding period of FY 2018-19, was fuelled by rising subscriber base and recent tariff hike. #4QWithCNBCTV18 | @reliancejio: …

Telecom infra firms ask BSNL to immediately clear Rs 1,500 cr dues; say non-payment results in mobile service outage
4 years, 11 months ago

Telecom infra firms ask BSNL to immediately clear Rs 1,500 cr dues; say non-payment results in mobile service outage

Firstpost  

Despite the relief package the losses of BSNL swelled by over 2.5 times to Rs 39,089 crore during the April-December 2019 period. New Delhi: Telecom infrastructure companies have asked state-run firm BSNL to clear dues totalling Rs 1,500 crore on urgent basis, saying they are unable to meet critical expenses necessary for maintaining the telco’s network. The group of eight …

MTNL pays March salary, looks at resolving debt now
4 years, 11 months ago

MTNL pays March salary, looks at resolving debt now

India TV News  

State-owned telecom firm MTNL has cleared all pending salaries till March and is now looking to resolve debt issues through asset monetisation, a top company official said on Monday. MTNL has seen a reduction of over 60 per cent wage load post voluntary retirement of 14,378 employees that left it with the workforce of around 4,000 in Delhi and Mumbai. …

DoT plea to seek 20 year time for payment of AGR bears cabinet stamp
5 years ago

DoT plea to seek 20 year time for payment of AGR bears cabinet stamp

India TV News  

The Department of Telecom's plea seeking 20 years time for operators to pay adjusted gross revenue dues was approved by the Cabinet, Union minister Sanjay Dhotre informed Parliament on Thursday. "Consequent to the approval by the Cabinet, an application has been moved before the Hon'ble Supreme Court on March 16, 2020, seeking, inter-alia, permission of the Hon'ble Court for the …

AGR: Self-assessment of dues by Bharti Airtel, Vodafone Idea, Tatas Rs 82,300 crore short of DoT's math
5 years ago

AGR: Self-assessment of dues by Bharti Airtel, Vodafone Idea, Tatas Rs 82,300 crore short of DoT's math

Firstpost  

Bharti Airtel, Vodafone Idea and Tata Group’s self-assessment of dues to the government are a whopping Rs 82,300 crore short of what the telecom department calculated after the Supreme Court’s ruling on AGR New Delhi: Bharti Airtel, Vodafone Idea and Tata Group’s self-assessment of dues to the government are a whopping Rs 82,300 crore short of what the telecom department …

AGR Dues: Self-assessment of dues by Airtel, Vodafone Idea, Tatas Rs 82,300 crore short of DoT's AGR math
5 years ago

AGR Dues: Self-assessment of dues by Airtel, Vodafone Idea, Tatas Rs 82,300 crore short of DoT's AGR math

India TV News  

Bharti Airtel, Vodafone Idea and Tata Group's self-assessment of dues to the government are a whopping Rs 82,300 crore short of what the telecom department calculated after the Supreme Court's ruling on AGR. The dues estimated by DoT for Bharti Airtel and Telnor was pegged at Rs 43,980 crore, while that of Vodafone Idea was Rs 58,254 crore, and Tata …

Supreme Court to hear Centre's plea on payment AGR dues by telecos
5 years ago

Supreme Court to hear Centre's plea on payment AGR dues by telecos

India TV News  

The Supreme Court on Wednesday will hear a plea by the Department of Telecommunications for staggered payment of adjusted gross revenues dues by telecom companies. Earlier this week, the government had approached the apex court seeking approval for a formula allowing telecom service providers to make annual installments of unpaid or remaining AGR dues in the next 20 years or …

Reliance Jio opposes BSNL, MTNL suggestion for floor price exemption
5 years ago

Reliance Jio opposes BSNL, MTNL suggestion for floor price exemption

India TV News  

Reliance Jio has opposed the suggestion of BSNL and MTNL to exempt telecom operators having less than 15 per cent market share from minimum rates for phone calls and data services. "We also oppose the BSNL/MTNL suggestion on exemption from floor when the market share based on VLR subscriber is less than 15 per cent, as the same is totally …

DoT's suggestion to give telcos 20 years for AGR payment to help resurrect financially stressed sector: COAI
5 years ago

DoT's suggestion to give telcos 20 years for AGR payment to help resurrect financially stressed sector: COAI

Firstpost  

The DoT has raised total demand of around Rs 53,000 core for AGR liability of VIL which included interest, penalty and interest on delay in payment of the amount New Delhi: The telecom department’s proposal to allow telecom companies pay adjusted gross revenue dues in 20 years will improve their cash flow, and the decision to raise tariff by mobile …

Vodafone Idea pays Rs 3,354 cr to govt in AGR dues, claims principal amount fully paid now
5 years ago

Vodafone Idea pays Rs 3,354 cr to govt in AGR dues, claims principal amount fully paid now

Firstpost  

Vodafone Idea had pegged its total dues to the government following a Supreme Court order at Rs 21,533 crore—less than half of what the Telecom Department has estimated, Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue to the Department of Telecom, thereby completing payment of principal amount calculated on …

Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr
5 years ago

Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr

Firstpost  

The total payout by Bharti Airtel, however, is half of Rs 35,586.01 crore liability estimated by the DoT. New Delhi: A week before the Supreme Court-mandated deadline for payment of past dues ends, Bharti Airtel chairman Sunil Mittal on Wednesday said that the company has paid Rs 13,000 crore to the government to clear all its dues as per its …

Sunil Mittal makes BIG statement, says Bharti Airtel has paid full AGR dues at about Rs 13,000 crore
5 years ago

Sunil Mittal makes BIG statement, says Bharti Airtel has paid full AGR dues at about Rs 13,000 crore

India TV News  

Sunil Mittal makes BIG statement, says Bharti Airtel has paid full AGR dues at about Rs 13,000 crore The comment assumes significance as the government on March 4 had asked Bharti Airtel, Vodafone Idea and other telecom companies to pay the remaining adjusted gross revenue dues as per the Supreme Court order without further delay. Bharti Airtel chairman Sunil Mittal …

Govt gets Rs 25,900 cr in AGR dues, asks telcos to make full payment; says no plan to set up anti-trust laws to curb cartelisation in telecom sector
5 years ago

Govt gets Rs 25,900 cr in AGR dues, asks telcos to make full payment; says no plan to set up anti-trust laws to curb cartelisation in telecom sector

Firstpost  

The minister said the government has “again” directed the operators to make full payments of the AGR dues in a letter dated 4 March 2020. New Delhi: The government has received part payment of about Rs 25,900 crore from telecom operators towards statutory dues and has again directed telcos to make full payments, Parliament was informed on Wednesday. The minister …

Govt gets Rs 25,900 cr in AGR dues; asks telcos to make full payment
5 years ago

Govt gets Rs 25,900 cr in AGR dues; asks telcos to make full payment

India TV News  

The government has received part payment of about Rs 25,900 crore from telecom operators towards statutory dues and has again directed telcos to make full payments, Parliament was informed on Wednesday. "The Telecom Service Providers have made some payments in compliance with the Supreme Court order dated October 24, 2019," Minister of State for Communications Sanjay Dhotre said in a …

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