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Vodafone, Airtel, Tata's Plea Over Waiver Of Dues Rejected By Supreme Court
The Supreme Court on Monday dismissed the pleas of telecom majors Vodafone, Airtel and Tata Teleservices seeking the waiver of adjusted gross revenue (AGR) dues.
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Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government
The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.
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Setback For Telecom Firms, Top Court Rejects Plea On Adjusted Gross Revenue
The Supreme Court on Wednesday rejected telecom companies' plea to re-compute adjusted gross revenues, or AGRs, amid a long-standing dispute over payment of dues to the government.
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Airtel Pays Rs. 8,312 Crore to DoT as Advance Instalment for Recently Purchased 5G Spectrum
Airtel has paid Rs. 8,3 crore to the Department of Telecom (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions. With the payment, Airtel has paid four years of 2022 spectrum dues upfront. The company had an option to pay Rs. 3.8 crore upfront and the rest in 19 annual instalments.
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Bharti Airtel Defers Payment of AGR Dues Up to FY19 After DoT's Moratorium Offer
Bharti Airtel on Thursday said it has opted to defer the payment of AGR dues up to FY 2018-19, that are not tabulated in the Supreme Court's order, by up to four years. Last week, debt-ridden telecom operator Vodafone Idea (VIL) decided to defer payment of additional AGR dues of Rs. 8,837 crore by a period of four years.
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Three Telcos Interested in Converting Pending Dues into Equity: Telecom Minister Ashwini Vaishnaw
The government is considering proposals it has received from three telecom operators so far that are keen on converting their adjusted gross revenue (AGM) dues into equity, Telecom Minister Ashwini Vaishnaw told Rajya Sabha.
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Vodafone Idea's Debt to Equity Conversion to Make Government Largest Shareholder With 36 Percent Stake
The government is set to become the largest shareholder of Vodafone Idea (Vi) as the company's board has approved the conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) dues into equity.
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Airtel Bank Guarantees With Centre Safe For 3 Weeks In Videocon Dues Case
In a temporary relief for Bharti Airtel, the Supreme Court today told the government to not encash the telecom giant's bank guarantees for three weeks over not paying Videocon's dues.
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Airtel Plea Against Payment Of Videocon's AGR Dues In Supreme Court Today
The Supreme Court will consider a plea by Bharti Airtel against payment of Videocon's AGR dues.
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Vodafone Loses 2,700 Crore In Market Cap After Kumar Mangalam Birla Letter
Vodafone Idea Ltd - struggling to clear AGR dues of more than Rs 50,000 crore - lost over Rs 2,700 crore in market cap, a day after a letter by Chairman Kumar Mangalam Birla - written in June to Cabinet Secretary Rajiv Gauba - was made public.
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Vodafone AGR Case Will Impact Connected Cars In IndiaÂ
Vodofone-Idea has tumbled from being the leading mobile telecom operator to being relegated as number three behind Reliance Jio and Airtel.
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Supreme Court Gives Telcos 10 Years to Pay AGR Dues to Government
India's top court on Tuesday gave telecom firms 10 years to pay back dues they owe to the federal government after they failed to make the payment by the January deadline.
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Jio Using Spectrum, Why Can't It Pay Dues: Top Court Asks Centre
The Centre, asked today if Reliance Jio should be held liable for dues if it is earning revenue through shared spectrum, told the Supreme Court that it would accept any decision the judges made for the recovery of AGR dues.
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How To Recover Dues From Firms Facing Insolvency? Top Court To Telecom Department
The Supreme Court on Monday asked Department of Telecom (DoT) to apprise it as how it plans to recover Adjusted Gross Revenue (AGR) related dues from telecom companies facing insolvency proceedings and whether spectrum given to these companies can be sold.
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Relief For Vodafone As Top Court Orders Centre To Refund 833 Crore
The Income Tax department has to refund taxes to the tune of 833 crore to Vodafone Idea, the Supreme Court maintained today in an order that brought relief to the cash-strapped telecom major which is already struggling to pay its AGR dues. Vodafone Idea has paid around Rs 7,854 crore of its AGR dues, it still owes Rs 50,399 crore to the government...
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Vodafone, Airtel, Tata's Plea Over Waiver Of Dues Rejected By Supreme Court
The Supreme Court on Monday dismissed the pleas of telecom majors Vodafone, Airtel and Tata Teleservices seeking the waiver of adjusted gross revenue (AGR) dues.
-
Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government
The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.
-
Setback For Telecom Firms, Top Court Rejects Plea On Adjusted Gross Revenue
The Supreme Court on Wednesday rejected telecom companies' plea to re-compute adjusted gross revenues, or AGRs, amid a long-standing dispute over payment of dues to the government.
-
Airtel Pays Rs. 8,312 Crore to DoT as Advance Instalment for Recently Purchased 5G Spectrum
Airtel has paid Rs. 8,3 crore to the Department of Telecom (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions. With the payment, Airtel has paid four years of 2022 spectrum dues upfront. The company had an option to pay Rs. 3.8 crore upfront and the rest in 19 annual instalments.
-
Bharti Airtel Defers Payment of AGR Dues Up to FY19 After DoT's Moratorium Offer
Bharti Airtel on Thursday said it has opted to defer the payment of AGR dues up to FY 2018-19, that are not tabulated in the Supreme Court's order, by up to four years. Last week, debt-ridden telecom operator Vodafone Idea (VIL) decided to defer payment of additional AGR dues of Rs. 8,837 crore by a period of four years.
-
Three Telcos Interested in Converting Pending Dues into Equity: Telecom Minister Ashwini Vaishnaw
The government is considering proposals it has received from three telecom operators so far that are keen on converting their adjusted gross revenue (AGM) dues into equity, Telecom Minister Ashwini Vaishnaw told Rajya Sabha.
-
Vodafone Idea's Debt to Equity Conversion to Make Government Largest Shareholder With 36 Percent Stake
The government is set to become the largest shareholder of Vodafone Idea (Vi) as the company's board has approved the conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) dues into equity.
-
Airtel Bank Guarantees With Centre Safe For 3 Weeks In Videocon Dues Case
In a temporary relief for Bharti Airtel, the Supreme Court today told the government to not encash the telecom giant's bank guarantees for three weeks over not paying Videocon's dues.
-
Airtel Plea Against Payment Of Videocon's AGR Dues In Supreme Court Today
The Supreme Court will consider a plea by Bharti Airtel against payment of Videocon's AGR dues.
-
Vodafone Loses 2,700 Crore In Market Cap After Kumar Mangalam Birla Letter
Vodafone Idea Ltd - struggling to clear AGR dues of more than Rs 50,000 crore - lost over Rs 2,700 crore in market cap, a day after a letter by Chairman Kumar Mangalam Birla - written in June to Cabinet Secretary Rajiv Gauba - was made public.
-
Vodafone AGR Case Will Impact Connected Cars In IndiaÂ
Vodofone-Idea has tumbled from being the leading mobile telecom operator to being relegated as number three behind Reliance Jio and Airtel.
-
Supreme Court Gives Telcos 10 Years to Pay AGR Dues to Government
India's top court on Tuesday gave telecom firms 10 years to pay back dues they owe to the federal government after they failed to make the payment by the January deadline.
-
Jio Using Spectrum, Why Can't It Pay Dues: Top Court Asks Centre
The Centre, asked today if Reliance Jio should be held liable for dues if it is earning revenue through shared spectrum, told the Supreme Court that it would accept any decision the judges made for the recovery of AGR dues.
-
How To Recover Dues From Firms Facing Insolvency? Top Court To Telecom Department
The Supreme Court on Monday asked Department of Telecom (DoT) to apprise it as how it plans to recover Adjusted Gross Revenue (AGR) related dues from telecom companies facing insolvency proceedings and whether spectrum given to these companies can be sold.
-
Relief For Vodafone As Top Court Orders Centre To Refund 833 Crore
The Income Tax department has to refund taxes to the tune of 833 crore to Vodafone Idea, the Supreme Court maintained today in an order that brought relief to the cash-strapped telecom major which is already struggling to pay its AGR dues. Vodafone Idea has paid around Rs 7,854 crore of its AGR dues, it still owes Rs 50,399 crore to the government...
