Telecom firm auditors should have insisted on making provisions for AGR instead of taking ostrich-like approach
5 years, 5 months ago

Telecom firm auditors should have insisted on making provisions for AGR instead of taking ostrich-like approach

Firstpost  

Airtel and Vodafone-Idea, the worst-hit among the telcos, are making no bones about their displeasure with the Supreme Court interpretation of what constitutes adjusted gross revenue of the telecom companies. Ironically, the industry, which was peeved with the one-time license fee regime that ruled the roost till 1999, is not satisfied with the strict implementation of the revenue sharing regime either. Telecom companies pay around 3-5 percent and 8 percent of the AGR as spectrum usage charges and licence fees respectively, to Department of Telecommunications ever since the revenue sharing regime kicked in. The apex court has given the telcos three months’ time to comply with the order to pay up a whopping Rs 92,000 crore to the government towards additional revenue share that they had tried to wriggle out through clever by half interpretation of what AGR meant.

Revenue Crore Agr Telcos  crore  liabilities  telecom  auditors  taking  telcos  instead  agr  strict  approach  industry  making  rs  sc  insisted  ostrichlike  provisions  revenue  firm

History of this topic

Big Setback To Airtel, Vodafone As Supreme Court Rejects Curative Plea Against AGR Dues
6 months, 1 week ago

Big Setback To Airtel, Vodafone As Supreme Court Rejects Curative Plea Against AGR Dues

ABP News  

The Supreme Court on Wednesday rejected a petition filed by the telecom companies including Vodafone and Airtel seeking a re-computation of adjusted gross revenues, amid a long-standing dispute over payment of dues to the government. In 2021, the Supreme Court dismissed a plea seeking corrections in the AGR dues demand by telecom companies. In 2023, telecos filed a curative petitions …

DoT rejects Voda Idea license fee review plea
1 year, 5 months ago

DoT rejects Voda Idea license fee review plea

Live Mint  

New Delhi: The department of telecommunications has rejected Vodafone Idea’s plea to review licence fee demands of ₹3,273 crore for fiscal 2016 and 2017, India’s No. The Aditya Birla Group-promoted company said it was deciding on the next course of action since it had filed a plea with the Supreme Court for the DoT to correct some “errors” in the …

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 …

Telcos tried to recompute AGR dues under the guise of correcting ‘arithmetical errors’: SC
3 years, 8 months ago

Telcos tried to recompute AGR dues under the guise of correcting ‘arithmetical errors’: SC

The Hindu  

The Supreme Court said what major telecom service providers such as Vodafone, Airtel and Tata really wanted, under the guise of correcting “arithmetical errors”, was a recalculation of their adjusted gross revenues running into crores. These applications by the telecom majors to “correct” Math mistakes, which at “first blush” look “innocuous”, was a roundabout way to recompute their AGR debts …

Supreme Court dismisses telecom majors’ pleas to record grievances on ‘arithmetical errors’ in calculation
3 years, 8 months ago

Supreme Court dismisses telecom majors’ pleas to record grievances on ‘arithmetical errors’ in calculation

The Hindu  

The Supreme Court on July 23 dismissed applications filed by major telecom firms such as Voda-Idea and Airtel for a chance to place their grievances about “arithmetical errors” in their Adjusted Gross Revenue dues before the Department of Telecom. In a September 2020 judgment, the top court had ordered that the annual 10% instalments for payment of AGR dues would …

Supreme Court Dismisses Telecom Companies' Pleas To Recompute AGR Dues
3 years, 8 months ago

Supreme Court Dismisses Telecom Companies' Pleas To Recompute AGR Dues

Live Law  

The Supreme Court on Friday rejected the pleas of telecom companies seeking recomputation of the Adjusted Gross Revenue dues demanded by the Department of Telecommunications.A bench comprising Justices L Nageswara Rao, S Abdul Nazeer and MR Sha pronounced the order dismissing the applications filed by Vodafone Idea, Bharti Airtel and Tata Teleservices.The bench had observed. The Supreme Court on Friday …

Bharti Airtel Moves Supreme Court Seeking Modification Of AGR Dues
4 years, 2 months ago

Bharti Airtel Moves Supreme Court Seeking Modification Of AGR Dues

Live Law  

Bharti Airtel has moved an Application before the Supreme Court seeking for a limited clarification/modification of the Adjusted Gross Revenue dues owed to the Department of Telecommunications as well as a recall of previous orders which allowed the Respondent to appeal against judgement of TDSAT. 43,890 crores is the final amount due and payable by the Applicants.Further, it seeks for …

AGR Case : SC Asks DoT To Complete Assessment Of Liability In Cases Of Spectrum Trading [Read Judgment]
4 years, 7 months ago

AGR Case : SC Asks DoT To Complete Assessment Of Liability In Cases Of Spectrum Trading [Read Judgment]

Live Law  

The Supreme Court on Tuesday asked the Department of Telecommunications to complete the assessment of liability to pay AGR dues in cases of spectrum trading. With respect to the liability under spectrum-sharing, the bench observed : "That in the present case, only part of the spectrum of the licensee has been shared with the case of some of TSPs., which …

Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore
4 years, 7 months ago

Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore

Firstpost  

Failure to pay the instalments of the dues would incur penalty, interest, and contempt of court, the Bench cautioned the telecom firms New Delhi: The Supreme Court Tuesday granted 10 years to telecom firms such as Vodafone Idea, Bharti Airtel and Tata Teleservices for paying the Adjusted Gross Revenue -related dues to the Department of Telecommunications with certain conditions. Failure …

[Breaking] SC Grants 10 Years Period For Telecos To Clear AGR Dues; First 10% To Be Paid By March 2021 [Read Judgment]
4 years, 7 months ago

[Breaking] SC Grants 10 Years Period For Telecos To Clear AGR Dues; First 10% To Be Paid By March 2021 [Read Judgment]

Live Law  

The Supreme Court has held that the telecom companies who are liable to pay AGR dues shall make payment of 10% of the dues by March 31, 2021. - Teleco's have to make payments in yearly instalments commencing from 1.04.2021 upto 31.03.2031 - Adjusting Bank Guarantees to be kept alive by telcos until payments have been made Court further held …

SC gives telcos 10 yrs to pay AGR dues; 10 pc of dues to be paid by March 31 next year
4 years, 7 months ago

SC gives telcos 10 yrs to pay AGR dues; 10 pc of dues to be paid by March 31 next year

India TV News  

The Supreme Court on Tuesday allowed telecom companies to pay Adjusted Gross Revenue charges within a period of ten years. The Bench of Justices Arun Mishra, S Abdul Nazeer and MR Shah laid down the timeframe within which telecom companies are required to clear their AGR dues in line with the Court's October 2019 judgment. After the Supreme Court delivered …

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, 7 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, 7 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, 7 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, …

Supreme Court To Pronounce Judgment On The Payment Of AGR Dues By Telecom Companies Tomorrow
4 years, 7 months ago

Supreme Court To Pronounce Judgment On The Payment Of AGR Dues By Telecom Companies Tomorrow

Live Law  

Supreme Court will be delivering the judgement tomorrow on the issue pertaining to the payment of Adjusted Gross Revenue dues by telecom companies. On July 20, the Bench had reserved orders in the plea by the Department of Telecommunications against the October 2019, which sought to allow the telecom companies to make payments of the AGR dues in a staggered …

[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 …

[AGR Case] SC Seeks Centre's Response On Whether Reliance Jio Should Pay R-Com's Dues
4 years, 7 months ago

[AGR Case] SC Seeks Centre's Response On Whether Reliance Jio Should Pay R-Com's Dues

Live Law  

The Supreme Court on Monday asked the Department of Telecommunications, to file a detailed response on the issue of recovering Reliance Communications' Adjusted Gross Revenue dues from Reliance Jio.A bench of Justices Arun Mishra, BR Gavai & Krishna Murari told the Centre that there exists a difference of opinion between two of its ministers, to file a detailed response on …

SC warns against AGR dues’ reassessment
4 years, 8 months ago

SC warns against AGR dues’ reassessment

The Hindu  

The Centre and telcos on Monday assured the Supreme Court that they would not conduct any re-assessment or re-calculation of the Adjusted Gross Revenue dues. A Bench led by Justice Arun Mishra said it would not tolerate “even for a second” any attempt to re-assess the AGR dues which now stands at ₹1.6 lakh crore. The Bench observed that 15 …

SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'
4 years, 8 months ago

SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'

Firstpost  

‘The calculation that has been given by DoT is to be treated as final; there can be no scope of re-assessment,’ the Supreme Court held. The companies have been asked to pay the pending dues due to a Supreme Court ruling on 24 October last year when it upheld the government’s broader definition of AGR, on which it calculates various …

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 …

DoT to withdraw 96% of Rs 4 lakh crore AGR dues against non-telecom PSUs: Centre informs SC
4 years, 9 months ago

DoT to withdraw 96% of Rs 4 lakh crore AGR dues against non-telecom PSUs: Centre informs SC

India Today  

Commercial coal block auction win-win for industry usersThe Centre on Thursday told the Supreme Court that the Department of Telecommunications has decided to withdraw 96 per cent of the Rs 4 lakh crore demand for AGR related dues raised against non-telecom PSUs like GAIL. A bench of justices Arun Mishra, S Abdul Nazeer and M R Shah was informed by …

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 …

Totally impermissible: SC questions DoT demand for AGR dues from PSUs
4 years, 9 months ago

Totally impermissible: SC questions DoT demand for AGR dues from PSUs

India Today  

The Supreme Court Thursday termed as ‘totally impermissible’ the demand by Department of Telecom for dues of Rs 4 lakh crore in Adjusted Gross Revenue from PSUs and said DoT must consider withdrawing it. A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah raised questions on the demand raised by the government from the PSUs and …

Airtel, Vodafone get temporary relief from DoT on AGR dues due to Covid-19 lockdown
5 years ago

Airtel, Vodafone get temporary relief from DoT on AGR dues due to Covid-19 lockdown

India Today  

While coronavirus has created a lot of trouble for Indians, it has brought temporary relief to telecoms companies that were under pressure to pay hefty AGR dues. Airtel and Vodafone that were reeling under the demands for AGR dues now have temporary relief because Department of Telecom is busy with more pressing concerns and is going easy on this matter. …

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 …

AGR dues: Telecom shares crack after SC pulls up Centre, telcos; Vodafone Idea plunges 40%, Bharti Airtel down 5%
5 years ago

AGR dues: Telecom shares crack after SC pulls up Centre, telcos; Vodafone Idea plunges 40%, Bharti Airtel down 5%

Firstpost  

Telecom shares came crashing on Wednesday, led by Vodafone Idea which plunged 40 percent, after the Supreme Court pulled up the Centre and telcos for doing self-assessment or reassessment of the AGR dues fixed by the apex court New Delhi: Telecom shares came crashing on Wednesday, led by Vodafone Idea which plunged 40 percent, after the Supreme Court pulled up …

Telecom shares crack; Vodafone Idea plunges 40 per cent
5 years ago

Telecom shares crack; Vodafone Idea plunges 40 per cent

India TV News  

Telecom shares came crashing on Wednesday, led by Vodafone Idea which plunged 40 per cent, after the Supreme Court pulled up the Centre and telcos for doing self-assessment or reassessment of the AGR dues fixed by the apex court. Vodafone Idea plunged 40 per cent to Rs 2.91 and Bharti Airtel declined 5 per cent to Rs 431.25 on the …

Self-assessment a sheer violation: Supreme Court on Centre's plea on payment of AGR dues by telecos
5 years ago

Self-assessment a sheer violation: Supreme Court on Centre's plea on payment of AGR dues by telecos

India TV News  

The Supreme Court on Wednesday pulled up the Central government which had filed a petition seeking staggered payment of adjusted gross revenues dues by telecom companies. "Self-assessment of AGR payments is a sheer violation, sheer contempt," observed the apex court and said that it will consider the government's rescue plan on the next date of hearing. On Monday, the Department …

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 …

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 …

AGR Judgment: DoT Moves SC Seeking 20-Yr Plan For Payment Of Dues By Telecom Companies
5 years ago

AGR Judgment: DoT Moves SC Seeking 20-Yr Plan For Payment Of Dues By Telecom Companies

Live Law  

"DoT has requested the SC to allow payment of dues in installments with an interest rate of 8% per annum" The Department of Telecommunications has filed a plea in the Supreme Court for modification of the order dated October 24, 2019 vis-à-vis arriving at a formula for recovery of past dues from telecom service providers. Accordingly, mode of recovery of …

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 asks Bharti Airtel, Vodafone Idea, other telcos to pay balance AGR dues without delay: Report
5 years ago

Govt asks Bharti Airtel, Vodafone Idea, other telcos to pay balance AGR dues without delay: Report

Firstpost  

The government has so far received about Rs 26,000 crore from AGR payments, including adhoc/ buffer amounts given by telcos to meet any reconciliation differences with the telecom department New Delhi: The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, according to …

Govt asks Airtel, Vodafone Idea, others to pay balance AGR dues without delay: Sources
5 years ago

Govt asks Airtel, Vodafone Idea, others to pay balance AGR dues without delay: Sources

India TV News  

The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, according to sources. The telecom department wrote to all telcos asking them to pay balance dues "without delay" and submit detailed bifurcation of payments, which it said are necessary for proper reconciliation of …

Govt detaches GAIL, OIL, other PSUs from AGR case after last month's Supreme Court order, says Union minister Sanjay Dhotre
5 years ago

Govt detaches GAIL, OIL, other PSUs from AGR case after last month's Supreme Court order, says Union minister Sanjay Dhotre

Firstpost  

The government has detached gas utility GAIL India, explorer Oil India and other PSUs from a Supreme Court order that had led to Rs 1.47 lakh crore being sought from telecom firms such as Bharti Airtel and Vodafone Idea in past dues, the Lok Sabha was informed on Wednesday New Delhi: The government has detached gas utility GAIL India, explorer …

AGR case: Govt detaches GAIL, OIL, other PSUs from telecom firms
5 years ago

AGR case: Govt detaches GAIL, OIL, other PSUs from telecom firms

India TV News  

The government has detached gas utility GAIL India, explorer Oil India and other PSUs from a Supreme Court order that had led to Rs 1.47 lakh crore being sought from telecom firms such as Bharti Airtel and Vodafone Idea in past dues, the Lok Sabha was informed on Wednesday. Following the October 24 order of the Supreme Court asking inclusion …

AGR Dues: 'Test checks' on AGR-hit telcos' dues assessment may start this week: DoT sources
5 years, 1 month ago

AGR Dues: 'Test checks' on AGR-hit telcos' dues assessment may start this week: DoT sources

India TV News  

The "test checks" as promised by the government on AGR-hit telecom companies' dues assessment could start this week for large telcos, according to a senior DoT official. On Saturday, telecom operator Bharti Airtel said it has made payment of Rs 8,004 crore towards adjusted gross revenue dues to the government, an amount over and above Rs 10,000 crore it has …

AGR dues: No decision on relief to telcos at Digital Communications Commission meet
5 years, 1 month ago

AGR dues: No decision on relief to telcos at Digital Communications Commission meet

Firstpost  

The crucial meeting of Digital Communications Commission on Friday could not arrive at a decision on relief to the distressed telecom sector and more details are required for reconciliation of AGR data, sources said New Delhi: The crucial meeting of Digital Communications Commission on Friday could not arrive at a decision on relief to the distressed telecom sector as government …

Not in sound financial state; can meet liabilities only with govt. support, says Vodafone Idea
5 years, 1 month ago

Not in sound financial state; can meet liabilities only with govt. support, says Vodafone Idea

The Hindu  

Troubled Vodafone Idea has written to the telecom department expressing its inability to pay full AGR dues unless the government takes urgent measures, including allowing staggered payment, reduction in levies and implementation of floor prices in the crisis-ridden sector. Warning that it is “not in a sound financial state”, Vodafone Idea said the company would be in a position to …

AGR dues: Telecom industry body COAI rings alarm bells; asks govt to ease terms for payment, cut in licence fee
5 years, 1 month ago

AGR dues: Telecom industry body COAI rings alarm bells; asks govt to ease terms for payment, cut in licence fee

Firstpost  

Industry body COAI has sent out a distress signal to the government seeking easier terms for payment of statutory dues by telcos, including extension of loans at lower rates to cover AGR liabilities, as also fast implementation of floor prices, to rescue the troubled sector New Delhi: Industry body COAI has sent out a distress signal to the government seeking …

AGR dues: Tata Sons chief meets Communications Minister Ravi Shankar Prasad as DoT prepares to issue notice to Tata Teleservices
5 years, 1 month ago

AGR dues: Tata Sons chief meets Communications Minister Ravi Shankar Prasad as DoT prepares to issue notice to Tata Teleservices

Firstpost  

Tata Teleservices has paid Rs 2,197 crore, the entire outstanding it believes to have arisen after the October ruling of the apex court for calculating dues. New Delhi: Amid the ongoing AGR crisis, Tata Sons Chairman N Chandrasekaran on Tuesday met Communications Minister Ravi Shankar Prasad, even as an official said the telecom ministry is prepared to issue a notice …

DoT seeks Rs 7,608 cr from GAIL in dues for FY18; Rs 1.83 lakh cr assessment not being pressed
5 years, 1 month ago

DoT seeks Rs 7,608 cr from GAIL in dues for FY18; Rs 1.83 lakh cr assessment not being pressed

Firstpost  

The DoT has sought Rs 7,608 crore in dues from GAIL India for 2017-18 as the department appeared to be not pressing for immediate payment of Rs 1.83 lakh crore in past dues it had previously assessed from the state-owned gas utility New Delhi: The DoT has sought Rs 7,608 crore in dues from GAIL India for 2017-18 as the …

DoT’s test checks on variations in telecom companies AGR dues standard audit procedure: COAI
5 years, 1 month ago

DoT’s test checks on variations in telecom companies AGR dues standard audit procedure: COAI

The Hindu  

Terming ‘test checks’ proposed by the government on telcos’ AGR arithmetic as standard audit procedure, Industry body COAI has said the DoT needs to ensure consistency among its different circles on calculation of dues to minimise any differences. Mr. Mathews termed the ‘test checks’ being proposed by the telecom department to examine deviation in calculation of dues by companies as …

AGR dues: Vodafone Idea stock falls over 11 percent
5 years, 1 month ago

AGR dues: Vodafone Idea stock falls over 11 percent

India TV News  

Shares of Vodafone Idea on Tuesday settled over 11 per cent down in the wake of continuing business uncertainty overpayment of statutory dues. "The downgrade is on account of severe stress on the company's near-term liquidity after the Supreme Court's ruling on February 14, 2020, which directed the telecom companies to pay the adjusted gross revenue related liabilities to the …

AGR dues: Vodafone Idea Chairman Kumar Mangalam Birla meets telecom secretary Anshu Prakash
5 years, 1 month ago

AGR dues: Vodafone Idea Chairman Kumar Mangalam Birla meets telecom secretary Anshu Prakash

Firstpost  

Amid talks of the government encashing its bank guarantee over default in payment of dues, Vodafone Idea Chairman Kumar Mangalam Birla met Telecom Secretary Anshu Prakash on Tuesday as he looked for options to keep the company afloat New Delhi: Amid talks of the government mulling encashing of bank guarantee over default in payment of dues, Vodafone Idea Chairman Kumar …

AGR dues: Who owes what
5 years, 1 month ago

AGR dues: Who owes what

India TV News  

A number of telecom firms are in troubled waters with over a massive Rs 1.47 lakh crore of adjusted gross revenue dues to pay. AGR DUES: WHO OWES WHAT Collectively, the telecom operators are liable to pay Rs 1.47 lakh crore in AGR dues as per a Supreme Court order. COMPANY DUES AIRTEL Rs 35,586 crore VODAFONE IDEA Rs 53,000 …

AGR dues: SC refuses to accept Vodafone's proposal to pay Rs 2,500 crore by today
5 years, 1 month ago

AGR dues: SC refuses to accept Vodafone's proposal to pay Rs 2,500 crore by today

India TV News  

AGR dues: SC refuses to accept Vodafone's proposal to pay Rs 2,500 crore by today The Supreme Court Monday rejected telecom firm Vodafone's proposal to pay Rs 2,500 crore by the end of the day and Rs 1,000 crore by Friday against Adjusted Gross Revenue dues, while also refusing its plea that no coercive action be taken against it. The …

SC refuses Vodafone Idea more time to pay off AGR dues
5 years, 1 month ago

SC refuses Vodafone Idea more time to pay off AGR dues

Live Mint  

New Delhi: The Supreme Court on Monday refused to hear a plea by cash-strapped Vodafone Idea seeking more time to pay off adjusted gross revenue dues even as the telecom major assured to deposit ₹2,500 crore today and another ₹1,000 crore by Friday. The worst hit is Vodafone Idea, given that it only had ₹12,530 crore of cash and equivalent …

AGR dispute: Airtel pays Rs 10,000 crore to DoT as part payment towards AGR dues
5 years, 1 month ago

AGR dispute: Airtel pays Rs 10,000 crore to DoT as part payment towards AGR dues

India TV News  

Airtel on Monday paid Rs 9,500 crore and Rs 500 crore on behalf of Bharti Hexacom Ltd. to the Department of Telecom towards adjusted gross revenue, the company has said in a statement. Telecom operators Bharti Airtel, Vodafone Idea and Tata Tele are jointly liable to pay dues of over Rs 1 lakh crore. "The.total amount of Rs 10,000 crore …

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report
5 years, 1 month ago

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report

Firstpost  

As per the last available estimates, Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charges, to the government. New Delhi: Telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for adjusted gross revenue dues on Monday to avoid stringent punitive action from the Telecom Department, according to an official source. Sources …

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