DCC clears imposing penalty on Airtel, Voda Idea; seeks Trai view on fine amount
5 years, 9 months ago

DCC clears imposing penalty on Airtel, Voda Idea; seeks Trai view on fine amount

India TV News  

Digital Communications Commission, the apex decision-making body of the telecom department, Monday approved imposing penalty on Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio. However, before imposing the penalty, the Commission has decided to seek Trai's views on revising Rs 3,050 crore penalty recommended by the sector regulator amid financial stress in the sector. While Digital Communications Commission approved imposing penalty on the companies, it disagreed with a proposal of one of the secretaries to fine Reliance Jio as it "too failed to deliver quality service to customers". The Telecom Regulatory Authority of India in October 2016 recommended imposing total penalty of Rs 3,050 crore on Airtel, Vodafone Idea for allegedly denying interconnectivity to newcomer RJio.

Penalty Commission Dcc Idea Vodafone Member Vodafone Idea Trai Voda Reliance Jio Rjio Imposing  seeks  voda  view  imposing  trai  idea  clears  secretary  telecom  rs  member  penalty  crore  commission  fine  vodafone  dcc

History of this topic

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024
3 months, 1 week ago

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024

New Indian Express  

NEW DELHI: For the first time since the tariff hike announced by private telecom operators in July 2024, Bharti Airtel added 1.9 million subscribers in October 2024. However, Reliance Jio, India's largest telecom service provider, continued to lose subscribers, with a loss of 3.76 million, while Vodafone Idea Limited lost around 1.97 million customers. Vodafone Idea, India's third-largest telecom operator, …

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise
Trending News
3 months, 3 weeks ago

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise

Hindustan Times  

Vodafone Idea’s board will reportedly meet on Monday, December 9, 2024 to consider raising up to ₹2,000 crore through equity shares or convertible securities on a preferential basis to clear its debts with Indus Towers. Vodafone Idea said it will use the remaining proceeds towards a new issue of equity shares after the board decides the terms of capital Paying …

Vodafone to sell remaining stake in Indian tower company Indus
3 months, 3 weeks ago

Vodafone to sell remaining stake in Indian tower company Indus

Hindustan Times  

The UK's Vodafone Group Plc is selling the whole 3% of stake it owns of Indus Towers in a $300 million deal to exit the company which is now a Bharti Airtel subsidiary. The Sunil Mittal-led Airtel could be a potential buyer for the Indus Tower shares from Vodafone UK The proceeds from selling the 79.2 million shares will be …

Telcos to ring-in profit gains. Airtel leads the pack in September quarter
4 months ago

Telcos to ring-in profit gains. Airtel leads the pack in September quarter

Live Mint  

It was a foregone conclusion that Indian private telecom companies would do well in the September quarter thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades. This has played out with aggregate wireless revenue for the three private telcos—Reliance Jio Infocomm Ltd, Bharti Airtel Ltd’s India arm, and Vodafone Idea Ltd—rising by …

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod
11 months, 3 weeks ago

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod

Hindustan Times  

The board of debt-ridden Vodafone Idea has approved a proposal to raise ₹2075 crore from promoter Aditya Birla Group, the telecom operator informed in a regulatory filing on Saturday. Vodafone Idea board has approved issuance of up to 1,395,427,034 equity shares to Oriana Investments, an entity of the Aditya Birla Group “The Vodafone Idea board has approved issuance of up …

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy
1 year, 1 month ago

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy

Live Mint  

Barcelona: The government will look at the right opportunity to pare its stake in Vodafone Idea, Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. Mittal said the department of telecom was likely to bring out the first set of rules and regulations under the …

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel
1 year, 1 month ago

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel

Hindustan Times  

Struggling telecom firm Vodafone Idea on Tuesday said its board has approved raising up to ₹20,000 crore in equity from promoters and other investors by June as it looks to shore up finances for much delayed 5G roll out and strengthening 4G services. The debt-laden firm, where the government also holds just over 33 per cent equity stake, plans to …

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 …

Vodafone Idea clears air on talks with Elon Musk's Starlink
1 year, 2 months ago

Vodafone Idea clears air on talks with Elon Musk's Starlink

Hindustan Times  

Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink, Reuters reported. Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink The telecom firm's clarification comes after the shares had surged in the past two sessions, this after business …

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 …

Delhi High Court Refuses To Interfere With TRAI's Recommendation For Rs 1050 Crore Penalty On Vodafone, Says TDSAT Can Decide Issue On Merits
1 year, 10 months ago

Delhi High Court Refuses To Interfere With TRAI's Recommendation For Rs 1050 Crore Penalty On Vodafone, Says TDSAT Can Decide Issue On Merits

Live Law  

The Delhi High Court has refused to interfere with Telecom Regulatory Authority of India’s recommendation to impose a penalty of Rs. Observing that the TDSAT has been empowered to deal with all disputes arising under the TRAI Act, the court observed that once the Tribunal gives the conclusion that the order dated 29.09.2021 of the Central Government is not sustainable …

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report
2 years, 1 month ago

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report

Live Mint  

Debt-ridden telecom operator Vodafone Idea has started fresh talks with key lenders – State Bank of India, Punjab National Bank and HDFC Bank – to refinance ₹3,000 to 4,000 crore of loans, according to an Economic Times report. Last week, Vodafone Idea had approved the allotment of equity shares worth ₹16,133 crore to the government, which post-allocation has become the …

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea
2 years, 1 month ago

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea

Live Mint  

The Union government on Friday directed Vodafone Idea Ltd to issue equity shares against interest on deferred adjusted gross revenue and spectrum dues totalling ₹16,133 crore that India’s No.3 telco owes it. 3 February, 2023 under section 62 of the Companies Act, 2013, directing the company to convert the NPV of the interest related to deferment of spectrum auction instalments …

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector
2 years, 2 months ago

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector

The Hindu  

The fate of India’s third-largest telecom, Vodafone-Idea, is hanging in the balance. Click to subscribe to our Data newsletter Apart from losing subscribers, Vodafone-Idea’s average revenue per user per month has also failed to keep pace with that of its rivals. Chart 3 shows the average revenue earned per user per month by private service providers in wireless services. The …

’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 …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 7 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

The Hindu  

Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday. "Airtel paid ₹8,312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. The Department of Telecom has received payment of around ₹17,876 crore …

Supreme Court Issues Notice On Reliance Jio's Plea To Be Heard In Appeals Of Vodafone & Airtel Challenging DoT Penalty
3 years ago

Supreme Court Issues Notice On Reliance Jio's Plea To Be Heard In Appeals Of Vodafone & Airtel Challenging DoT Penalty

Live Law  

The Supreme Court on Monday issued notice in plea filed by Reliance Jio challenging order of Telecom Disputes Settlement and Appellate Tribunal dismissing its application for impleadment in Telecom Petitions filed by Vodafone- Idea and Airtel against demand notices issued levying penalty of INR 3,050 Crores on themA Bench Comprising Chief Justice of India NV Ramana, Justice Krishna Murari. The …

Jio unhappy with Vodafone Idea new tariffs, writes to TRAI saying new plans do not allow users to port easily
3 years, 3 months ago

Jio unhappy with Vodafone Idea new tariffs, writes to TRAI saying new plans do not allow users to port easily

India Today  

Telecom giant Reliance Jio has written to the Telecom Regulatory Authority of India noting that Vodafone Idea or Vi’s new prepaid plans do not allow users to port easily. Jio reportedly told the regulator that Vodafone Idea’s new tariff structure restricts entry-level customers to port their mobile number from its network. Jio's complaint highlights that Vodafone idea Limited is providing …

Airtel and Vodafone Idea submit details on segmented offers on TRAI's demand
4 years, 3 months ago

Airtel and Vodafone Idea submit details on segmented offers on TRAI's demand

India Today  

Telecom companies Airtel and Vi have submitted details of all their segmented offers made between January and November 2020 in compliance with the Telecom Regulatory Authority of India ’s directive. On December 4, 2020, TRAI had directed all telcos to submit details of all segmented offers 10 working days before the year ends. A senior TRAI official told the publication …

Boycott Jio: Reliance alleges Airtel, Vi luring customers to opt out of Jio over farmers' protest, rivals junk charge
4 years, 3 months ago

Boycott Jio: Reliance alleges Airtel, Vi luring customers to opt out of Jio over farmers' protest, rivals junk charge

India Today  

Reliance's telecommunication arm Jio has sought action against competitors Vodafone Idea and Bharti Airtel. In a letter to the regulator, Reliance Jio accused Vodafone Idea and Bharti Airtel of resorting to "unethical" ways and spreading "frivolous rumours" that Jio will somehow gain from the Centre's three new farm bills. "A large number of port-out requests, wherein the customers are citing …

Vi may lose up to 70 million subscribers in next one year, says Fitch
4 years, 3 months ago

Vi may lose up to 70 million subscribers in next one year, says Fitch

Live Mint  

NEW DELHI: Vodafone Idea Ltd could lose 50-70 million subscribers in the next one year, after shedding 155 million customers in the past nine quarters, Fitch Ratings said on Monday. Jio and Airtel are likely to increase their combined revenue market share to 80% in the next one year from 74% as of September as Vodafone Idea is rapidly losing …

Voda Idea may move first on rate hike: CEO
4 years, 5 months ago

Voda Idea may move first on rate hike: CEO

Live Mint  

Vodafone Idea could be the first among the three largest private telecom players in India to hike the prices of voice and data services. The telco’s parent, Vodafone Group Plc, is expected to pay another ₹6,400 crore towards statutory adjusted gross revenue dues payment, as part of an indemnity arrangement, the company’s chief financial officer Akshaya Moondra said. The industry …

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, …

Flush with capital, Jio turns up the heat on Airtel and Vodafone Idea
4 years, 6 months ago

Flush with capital, Jio turns up the heat on Airtel and Vodafone Idea

Live Mint  

Early this month, Bharti Airtel Ltd’s shares traded at about ₹550 apiece. But another is the increased aggression by Reliance Jio Infocomm Ltd, after a massive fund raise by its parent, Reliance Industries Ltd. “Jio’s aggression in the telecom sector seems to be back post RIL’s significant capital raise, perhaps with an endeavour to fill the gaps in the fixed …

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 …

Trai grants Vodafone Idea time till Sep 8 to respond to priority plan show-cause notice
4 years, 6 months ago

Trai grants Vodafone Idea time till Sep 8 to respond to priority plan show-cause notice

India TV News  

Telecom regulator Trai has granted additional time, till September 8, to Vodafone Idea to reply to its show-cause notice on priority plan, after the company sought more time to respond. The Telecom Regulatory Authority of India last month had slapped a show-cause notice on Vodafone Idea Ltd over its pay-more-for-priority treatment mobile plan, saying the tariff offer "lacks transparency" and …

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 …

Google could collaborate with Vodafone Idea in India like Jio-Facebook deal
4 years, 10 months ago

Google could collaborate with Vodafone Idea in India like Jio-Facebook deal

India TV News  

In what could alter the Indian telecom scenario, Google is reportedly exploring to buy a 5 per cent stake in financially-stressed Vodafone Idea, a move that would not only pit Sundar Pichai-led tech giant against Facebook which has poured in Rs 43,574 crore for 9.99 per cent stake in Reliance-led Jio Platforms but also help struggling Vodafone stand up in …

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 …

Jio, Airtel, Vodafone Idea approach TRAI over prepaid recharge patterns: Report
4 years, 11 months ago

Jio, Airtel, Vodafone Idea approach TRAI over prepaid recharge patterns: Report

India TV News  

Top telecom companies including Jio, Airtel and Vodafone Idea have approached sector regulator TRAI over prepaid recharge patterns, news agency PTI reported today. Jio, Airtel, Vodafone Idea have sought time till April 20 to submit data on prepaid recharge patterns, PTI quoted sources as saying. Vodafone Idea had earlier announced extension of validity on prepaid plans availed by low-income customers …

COVID-19: Reliance Jio, Airtel and Vodafone offer extra talktime, extend validity to provide relief
4 years, 11 months ago

COVID-19: Reliance Jio, Airtel and Vodafone offer extra talktime, extend validity to provide relief

India Today  

As the nation is under a 21-day lockdown, many low-wage workers are struggling hard to make ends meet. In these trying times, the telecom companies like Reliance Jio, Vodafone, Airtel, and BSNL have come forward to provide relief to their customers. The telecom companies have extended the validity of the prepaid plans to April 17 and also credited Rs 10 …

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 …

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 …

AGR Dues: Vodafone CEO Meets FM Sitharaman, Ravi Shankar Prasad
5 years ago

AGR Dues: Vodafone CEO Meets FM Sitharaman, Ravi Shankar Prasad

The Quint  

Beleaguered Vodafone Idea Ltd on Friday, 6 March, put 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, even as the Vodafone CEO indicated keenness to make a “new, good beginning” in India. Vodafone Group CEO Nick Read met top ministers, including Finance …

AGR Dues: Vodafone CEO Meets FM Sitharaman, Ravi Shankar Prasad
5 years ago

AGR Dues: Vodafone CEO Meets FM Sitharaman, Ravi Shankar Prasad

The Quint  

Beleaguered Vodafone Idea Ltd on Friday, 6 March, put 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, even as the Vodafone CEO indicated keenness to make a “new, good beginning” in India. Vodafone Group CEO Nick Read met top ministers, including Finance …

Vodafone wants to make a new, good beginning in India: CEO to government
5 years ago

Vodafone wants to make a new, good beginning in India: CEO to government

India TV News  

Vodafone Global CEO Nick Read has told the government that the company wants to make a new and good beginning in India, according to sources. Read -- who met Finance Minister Nirmala Sitharaman and Telecom Minister Ravi Shankar Prasad separately on Friday -- sought government assistance to keep Vodafone Idea a float, the sources added. Sources said during his meeting, …

Bharti Infratel extends deadline for merger with Indus Towers by two months
5 years, 1 month ago

Bharti Infratel extends deadline for merger with Indus Towers by two months

Firstpost  

Bharti Infratel on Monday extended the deadline for its merger with Indus Towers by two more months to 24 April, but cautioned that final call on scheme implementation will be taken by the board based on assessment of telecom crisis and its impact New Delhi: Bharti Infratel on Monday extended the deadline for its merger with Indus Towers by two …

Telcos owe around Rs 22,589 cr as license fees; rest Rs 70k cr is interest, penalty
5 years, 1 month ago

Telcos owe around Rs 22,589 cr as license fees; rest Rs 70k cr is interest, penalty

India TV News  

Telecom companies' unpaid licence fees amount to Rs 22,589 crore, while interest and penalties took the total liability to Rs 92,641 crore, sources said. As telecom operators scramble to comply with Supreme Court order on AGR dues, the sources said actual pending liability regarding licence fees is Rs 22,589 crore. Out of the total unpaid basic licence fee, telecom companies …

Vodafone Idea shares surge over 38 per cent
5 years, 1 month ago

Vodafone Idea shares surge over 38 per cent

India TV News  

Vodafone Idea's shares on Wednesday closed over 38 per cent amid reports that the government in unlikely to invoke the company's bank guarantees as of now. The company said all the information furnished by it is in public domain and there is no price-sensitive information pending which is to be disclosed to the stock exchanges. "All the information furnished by …

Vodafone Idea Chairman Kumar Mangalam Birla meets Telecom Secretary
5 years, 1 month ago

Vodafone Idea Chairman Kumar Mangalam Birla meets Telecom Secretary

The Hindu  

Vodafone Idea Chairman Kumar Mangalam Birla on Tuesday met Telecom Secretary Anshu Prakash amid reports that the government may look at encashing bank guarantee over default in payment of adjusted gross revenue-related dues. Following the Supreme Court’s February 14 order, that asked the managing directors and directors of the companies to show cause as to why contempt proceedings should not …

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 …

Vodafone Idea stock falls over 16% after Care downgrades its rating on long-term bank facilities, NCDs
5 years, 1 month ago

Vodafone Idea stock falls over 16% after Care downgrades its rating on long-term bank facilities, NCDs

Firstpost  

Shares of Vodafone Idea on Tuesday tanked over 16 percent due to rating downgrade on AGR dues and other issues of the company New Delhi: Shares of Vodafone Idea on Tuesday tanked over 16 percent due to rating downgrade on AGR dues and other issues of the company. Vodafone Idea on Monday said Care Ratings has downgraded rating on its …

AGR shock: India's second-largest telco Vodafone Idea stares at bankruptcy
5 years, 1 month ago

AGR shock: India's second-largest telco Vodafone Idea stares at bankruptcy

India Today  

Debt-laden telecom operator Vodafone Idea is on the brink of bankruptcy as it struggles to clear Adjusted Gross Revenue dues. Vodafone Idea Ltd, a joint venture between Vodafone Group Plc and India's Idea Cellular, has been worst affected by the Supreme Court's order asking telcos to clear their AGR dues. Besides AGR dues, Vodafone Idea's gross debt, excluding lease liabilities, …

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 …

Bharti Airtel pays Rs 10,000 cr AGR dues to telecom department; balance amount to be paid after self-assessment
5 years, 1 month ago

Bharti Airtel pays Rs 10,000 cr AGR dues to telecom department; balance amount to be paid after self-assessment

Firstpost  

After Supreme Court rap and the government’s stringent deadline, Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards statutory dues New Delhi: With the government coming down heavily on telcos after the Supreme Court’s rap, Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards statutory dues. …

Airtel pays Rs 10,000 crore dues to telecom department after govt warning
5 years, 1 month ago

Airtel pays Rs 10,000 crore dues to telecom department after govt warning

India Today  

With the government coming down heavily on telcos after the Supreme Court's rap, Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards statutory dues. "The.amount of Rs 10,000 crore has been paid on behalf of Bharti Airtel, Bharti Hexacom, and Telenor," the Sunil Mittal-led company said in a statement. As per the government's …

Airtel, Voda Idea make part payment, DoT mulls encashing bank guarantees
5 years, 1 month ago

Airtel, Voda Idea make part payment, DoT mulls encashing bank guarantees

India Today  

After a Supreme Court rap for missing payment deadline, top telecom firms Bharti Airtel, Vodafone Idea and Tata Teleservices on Monday scrambled to pay a part of the outstanding dues even as the Supreme Court refused to stop the government from taking coercive action for any further delay in clearing full dues. While Airtel paid Rs 10,000 crore, Vodafone Idea …

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 …

Vodafone Idea says it will pay AGR dues to DoT
5 years, 1 month ago

Vodafone Idea says it will pay AGR dues to DoT

The Hindu  

Beleaguered telecom firm Vodafone Idea on February 15 said it proposed to clear its Adjusted Gross Revenue-related dues in the next few days. The statement comes a day after the court asked the managing directors of telecom firms, including Vodafone Idea and Bharti Airtel, to show cause why contempt proceedings should not be initiated against them for failing to pay …

Vodafone Idea faces uncertain future over AGR woes
5 years, 1 month ago

Vodafone Idea faces uncertain future over AGR woes

India TV News  

As the sword of Damocles hangs over Vodafone Idea, uncertainty continues to mire the Indian telecom sector which has seen fall of several telcos such as Etisalat DB, Reliance Communications, Sistema Shyam and Aircel. After facing the ire of the Supreme Court, the Department of Telecommunications asked telecom licence holders to clear entire AGR dues totalling Rs 1.47 lakh crore …

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