Page 18 - Adjusted Gross Revenue

DoT to issue fresh notice to telcos calling for full payment of AGR dues

Won't let Tata Teleservices get away by paying only principal; Airtel and Vodafone Idea too have paid only in part; dept to seek legal advice on invoking bank guarantees

AGR dues: Vodafone Idea has paid Rs 1,000 crore to DoT, say sources

Earlier this week, the telecom company had paid Rs 2,500 crore and said it would pay Rs 1,000 crore more by the end of the week

Top 10 biz headlines: Dish TV-Bharti Airtel deal, AGR crisis, and more

The Department of Telecom is still working on final adjusted gross revenue dues that service providers have to pay as it has detected variation in accounting practices adopted by different circle offi

DoT still working on final AGR dues due to varying accounting practices

Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT

Sunil Mittal, K M Birla meet FM on telecom crisis as AGR deadline closes in

It is learnt that the two telcos have proposed a few options to the Union government for consideration

Sunil Mittal, Birla meet FM as AGR crisis looms over telecom sector

While the two refused to comment on discussions they had with Sitharaman, Mittal said the telecom sector has been under stress for the last three-and-a-half years

Who gains if Voda-Idea fails

Jio, which is not burdened with legacy network and user base, may find it easier to increase its capacity to accommodate Voda-Idea subscribers faster

Govt should offer one-time settlement to telcos, waive penalties: S C Garg

Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties. The massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues are pushing telecom firms to the brink. In a blog titled 'Rebuilding Telecom Business in India', Garg said the telecom crisis in India is not just limited to AGR-related issues. "Offer a one-time settlement scheme to the telecom companies (both operating and under resolution) to pay the principal due amount as per the AGR definition as contained in the licensing agreements and waive the penal interest and penalties. "Alternatively, appoint a board for Vodafone Idea Ltd by ousting the current board on the lines of action taken in the case of IL&FS and DHFL and secure a moratorium of some time on servicing of loans and government dues," he said. Garg noted that the telecom

What are AGR dues and how it threatens Vodafone-Idea's very existence

Shares of Vodafone Idea jumped 48 per cent to Rs 4.49 on the BSE on Wednesday on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now

AGR dues: Vodafone Idea on the brink as DoT may invoke bank guarantees

Solicitor General's view sought after SC refuses relief; telcos pay a fraction of the total AGR dues

Govt needs to focus on telecom sector's sustainability, says Sunil Mittal

He said Airtel has already announced its plans to pay the dues that arose from the apex court ruling

Voda Idea: As threat of closure looms, Kumar Mangalam Birla meets DoT secy

Sources said a Cabinet meeting scheduled for Wednesday would discuss the telecom issue

UTI MF, Nippon India MF side pocket Vodafone Idea exposure of Rs 413 cr

In December 2018, regulator Sebi had permitted mutual funds to create segregated portfolios, or side-pocketing, with respect to debt and money market instruments

Vodafone Idea default can raise India's fiscal deficit by 40 bps

The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn

Top 10 biz headlines: Vodafone Idea on the brink, Mistry moves SC, and more

In a day of twists and turns, the government received Rs 14,697 crore from three companies out of the telecom sector's total dues linked to adjusted gross revenue estimated at Rs 1.47 trillion

Care downgrades rating on Vodafone Idea's long term bank facilities, NCDs

It also takes cognizance of recent losses suffered by the company in the quarter ended December

Will wait to hear from telecom department on AGR issue: FM Sitharaman

The ministry will look into startups' concerns on the applicability of easing ESOP norms

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

While Airtel paid Rs 10,000 crore, Vodafone Idea Ltd put in Rs 2,500 crore and promised to pay another Rs 1,000 crore before the end of the week

After SC AGR ruling, Tata Tele pays Rs 2,197 cr, Voda Rs 2,500 cr to govt

Earlier, Bharti Airtel made payment of Rs 10,000 crore to DoT towards statutory dues

Banks bracing up for a massive spike in stressed loans after SC AGR order

Say loans may not immediately turn into bad debt, but a big chunk of it eventually could