Vodafone Idea to pay AGR dues but uncertain on future course; DoT mulls penal action
5 years, 1 month ago

Vodafone Idea to pay AGR dues but uncertain on future course; DoT mulls penal action

India TV News  

Debt-ridden telecom operator Vodafone Idea on Saturday said it is assessing the amount that can be paid towards AGR dues, even as it flagged concerns over the continuation of its business. The Department of Telecom, which faced the ire of the apex court, is mulling penal action against telecom operators for failing to pay in time the adjusted gross revenue dues. Besides the AGR dues, Vodafone Idea's gross debt, excluding lease liabilities, was Rs 1,15,850 crore as on December 31, 2019, including deferred spectrum payment obligations of Rs 88,530 crore due to the government. The apex court on Friday came down heavily on the telecom department for not taking steps to recover statutory dues, estimated to be around Rs 1.47 lakh crore, from operators including Bharti Airtel, Vodafone Idea, Tata Teleservices, among others. The telecom department is mulling penal action against telecom operators for failing to pay in time the adjusted gross revenue dues as directed by the Supreme Court, according to an official source.

Telecom Court Pay Order Company Crore Dues Idea Vodafone Dot Vodafone Idea Operators Telecom Operators Penal Vil Licence Fee Penal Action  rs  penal  dues  mulls  crore  idea  court  telecom  uncertain  course  vodafone  order  dot  operators  future  pay

History of this topic

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 …

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
4 months ago

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden

Live Mint  

Vodafone Idea's plan to raise ₹35,000 crore may get a shot in the arm from the Union Cabinet's decision to waive bank guarantees from telecom operators for airwaves bought in auctions till 2022. The Union Cabinet approved a proposal to waive bank guarantees that telecom service providers need to submit for spectrum auctioned till 2022,Mint reported on Tuesday. Despite the …

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details
6 months, 1 week ago

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details

News 18  

Vodafone Idea Share Price Today: Vodafone Idea shares were trading 10 per cent higher on Monday after the company scheduled an analyst or investor update call later today, which will take place from 2.30 PM to 3 PM IST and is expected to provide updates on what the telecom operator is up to following the Supreme Court AGR setback. Additionally, …

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 …

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea
8 months ago

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea

Live Mint  

Indus Towers, India's leading telecom tower provider, is anticipating a boost in free cash flows due to an expected rise in co-locations from Vodafone Idea and improved collection of past dues from the carrier. Indus Towers has opted for a share buyback worth ₹2,640 crore to distribute returns to shareholders in a tax-efficient manner, particularly ahead of the upcoming tax …

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade
10 months, 1 week ago

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

Business Standard  

A 'likely' relief on the government dues front for Vodafone Idea and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report. "Assuming AGR dues are completely waived off, our DCF value could increase to Rs 24 per share, versus Rs 12 when there is no waiver. …

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act
1 year, 2 months ago

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act

Live Mint  

Vodafone Idea Limited on 4 January announced that it will take appropriate legal action for rectification and reversal of an order it received under the Central Goods and Services Tax Act, 2017, entailing a penalty of ₹10.76 crore. "The company does not agree with the order and will take appropriate action for rectification/ reversal of the same," Vodafone Idea said …

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 …

ATC's business to witness troublesome time in India because of Vodafone Idea's payment issue: Know more
1 year, 11 months ago

ATC's business to witness troublesome time in India because of Vodafone Idea's payment issue: Know more

India TV News  

In the annual report for 2022, it was stated that Vodafone Idea has been running continuously running short of payments and it might affect the Indian operations of Boston-based American Tower Corporation. In the annual report, ATC said, “Continued partial payments from VIL could have further negative effects on our fixed assets, intangible assets or goodwill, could result in additional …

Vodafone Idea shares skyrocket after relief in AGR dues payment. Buy or sell?
2 years, 1 month ago

Vodafone Idea shares skyrocket after relief in AGR dues payment. Buy or sell?

Live Mint  

Vodafone Idea shares: After getting relief from the Government of India on AGR dues payment, Vodafone Idea share price has been iin uptrend since morning. Vodafone Idea share price today opened upside and went on to hit intraday high of ₹8.55 apiece levels, logging to the tune of 25 per cent rise on Monday morning deals. According to stock market …

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 …

Vodafone Idea, ATC Agree to Extend Rs 1,600-Crore Debentures Date Till February 28
2 years, 3 months ago

Vodafone Idea, ATC Agree to Extend Rs 1,600-Crore Debentures Date Till February 28

News 18  

Debt-ridden Vodafone Idea and its vendor ATC Telecom Infrastructure have agreed to extend the last date for a subscription of Rs 1,600 crore optionally convertible debentures till February 28, the telecom operator said in a regulatory filing. The conditions for approval include the nod of VIL shareholders and conversion of interest liability on the company arising from the deferment of …

’Telecom tariffs at unsustainable levels, industry needs price correction’
2 years, 4 months ago

’Telecom tariffs at unsustainable levels, industry needs price correction’

Live Mint  

Telecom operator Vodafone Idea has said telecom tariffs in India continue to remain at "unsustainable levels" and the industry needs "tariff correction" to support continued investments. And we believe that industry needs further tariff correction to support the continued investments going forward," Vodafone Idea CEO Akshaya Moondra said during the company's analyst call on Q2 FY23 earnings on Friday. Over …

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 …

Vodafone Idea surges by 20% after government floats relief package
3 years, 6 months ago

Vodafone Idea surges by 20% after government floats relief package

The Hindu  

Shares of Vodafone Idea Limited surged by nearly 20% on Thursday while banks with exposure to the embattled telecom firm also climbed, a day after India’s federal cabinet approved a relief package for the cash-strapped sector. The relief package includes a four-year moratorium on airwaves payments due to the government raising the tenure of airwaves held by firms to 30 …

Lifeline for telcos as government offers four-year moratorium on dues
3 years, 6 months ago

Lifeline for telcos as government offers four-year moratorium on dues

The Hindu  

The Cabinet on Wednesday approved several measures to extend a lifeline to the cash-strapped telecom sector, including a redefinition of the much-litigated concept of adjusted gross revenue to exclude non-telecom revenue and a four-year moratorium on players’ dues to the government. Mr. Read hinted at the need for further measures, seeking the ‘continued strong support of the Telecom Minister and …

AGR Case : Supreme Court Asks Bharti Airtel To Move Alternate Forum Challenging DoT Demand For Videocon Dues
3 years, 7 months ago

AGR Case : Supreme Court Asks Bharti Airtel To Move Alternate Forum Challenging DoT Demand For Videocon Dues

Live Law  

The Supreme Court on Tuesday granted liberty to Bharti Airtel to move the appropriate forum against the direction issued to it by the Department of Telecommunications to pay the AGR dues of Videcon Telecommunications Ltd.The Court also restrained the DoT from invoking the bank guarantees furnished by Airtel for three weeks.A bench comprising Justices L Nageswara. The Supreme Court on …

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 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 …

Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch
4 years, 6 months ago

Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

India TV News  

The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. "We expect Jio and Bharti to increase their combined revenue market share to 75-80 per cent …

Vodafone Idea Shares Plunge Nearly 10 Percent After SC Order
4 years, 6 months ago

Vodafone Idea Shares Plunge Nearly 10 Percent After SC Order

News 18  

Vodafone Idea shares have tanked nearly 10 per cent after the Supreme Court order’s on Adjusted Gross Revenue. As per self-assessment, telecom companies submit eight per cent of their AGR as license fees and about three or four per cent as spectrum usage charges. The central government was willing to provide 20 years for paying dues, but the apex court …

Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore
4 years, 6 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, 6 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 …

Supreme Court directs telcos to pay AGR dues in 10 years
4 years, 6 months ago

Supreme Court directs telcos to pay AGR dues in 10 years

The Hindu  

The Supreme Court on Tuesday allowed telecom companies 10 years’ time to pay their adjusted gross revenue dues to the government. Even a single default will attract the dues along with interest, penalty and interest on penalty at the rate specified in the agreement”, the court warned the telcos. In the event of any default in making payment of annual …

SC gives telcos 10 yrs to pay AGR dues; 10 pc of dues to be paid by March 31 next year
4 years, 6 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, 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, 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 …

Vodafone-Idea's fate hinges on the Supreme Court's AGR verdict today
4 years, 7 months ago

Vodafone-Idea's fate hinges on the Supreme Court's AGR verdict today

Business Standard  

Vodafone-Idea's fate hinges on the Supreme Court's AGR verdict today The company's future as a going concern, as it has admitted in its results for the June quarter of 2020-21, will be crucially dependent on the SC decision on repayment tenure Premium VIL’s future as a going concern, as it has admitted in its results for the June quarter 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 …

Vodafone Idea posts highest-ever loss by an Indian firm at Rs 73,878 cr in FY20
4 years, 9 months ago

Vodafone Idea posts highest-ever loss by an Indian firm at Rs 73,878 cr in FY20

India Today  

Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs 73,878 crore of net loss in fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues. The firm, which has to pay Rs 51,400 crore dues after the apex court ordered the non-telecom revenues …

AGR : SC Asks Telecos To Submit Financial Documents [Read Order]
4 years, 9 months ago

AGR : SC Asks Telecos To Submit Financial Documents [Read Order]

Live Law  

The Supreme Court on Thursday directed telecom companies to submit their financial documents while considering a plea by the Department of Telecommunications to allow them to settle the AGR-related dues in a staggered fashion over 20 years.The bench, headed by Justice Arun Mishra, also allowed time to the DoT to consider the proposals of telecos. The Supreme Court on Thursday …

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 …

20 Years Period To Clear AGR Dues Not Reasonable : SC On Centre's Plea To Allow Time For Telecos
4 years, 9 months ago

20 Years Period To Clear AGR Dues Not Reasonable : SC On Centre's Plea To Allow Time For Telecos

Live Law  

The Supreme Court on Thursday directed telecom firms that owe AGR dues amounting to over Rupees 1.43 lakh crore, to file affidavits stipulating a reasonable time frame for effectuating payment.A bench of Justices Arun Mishra, S. Abdul Nazeer & MR Shah took up an application filed by the Department of Telecommunications, proposing a staggered payment spanning over 20 years, for. …

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 …

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
4 years, 11 months ago

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report

Firstpost  

The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said New Delhi: The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said. According to Credit Suisse …

Vodafone Group makes about ₹1,530 crore accelerated payment to Vodafone-Idea
4 years, 11 months ago

Vodafone Group makes about ₹1,530 crore accelerated payment to Vodafone-Idea

The Hindu  

British telecom giant Vodafone PLC on Wednesday said it has advanced infusion of $200 million in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues. Vodafone Group, in a statement, said it has “accelerated this payment to provide Vodafone Idea with liquidity to manage its operations, and to support the approximately …

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. …

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 …

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 …

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 …

Supreme Court dismisses Vodafone's plea against levying one-time spectrum charges
5 years ago

Supreme Court dismisses Vodafone's plea against levying one-time spectrum charges

Firstpost  

The Supreme Court on Monday dismissed a petition filed by Vodafone against the levy of one-time spectrum charges The Supreme Court on Monday dismissed a petition filed by Vodafone against the levy of one-time spectrum charges. Senior advocate Abhishek Manu Singhvi, appearing for Vodafone, told a bench of Justice Arun Mishra and Justice MR Shah that the charges are related …

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 …

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