In October, the government had constituted a committee of secretaries (CoS) - headed by Cabinet Secretary Rajiv Gauba - to explore a financial bailout package for the telecom sector
Payouts related to AGR by non-telcos to far exceed demand made on telecom operators, including those that have either shut down or sold off
Airtel, Vodafone Idea, Tata Tele seek waiver of interest, penalty
One of the review petitions has sought open court hearing in the matter
The Supreme Court had on October 24 ruled that non-telecom revenues will be included while calculating statutory dues towards the government
Review petitions are to be filed within a month of original decision which came on October 24
Incumbent telcos Bharti Airtel and Vodafone Idea have said they would go for a review petition of the SC order, but they have limited time to move court
The company has got favourable rulings from High Courts and appellate tribunals in some and is now pressing the department to quickly refund the dues
The price hike by Bharti Airtel and Vodafone Idea, however, is a relief given that they are anchor tenants
Jio is waiting for the tariffs numbers announcement by the telcos duo and will react after that
Airtel, Vodafone Idea and other telecom operators have to pay the government a whopping Rs 1.4 trillion
Govt should prevent a near-monopolistic situation
Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity
Bharti Airtel's internal accruals insufficient to pay the AGR dues of nearly Rs 28,000 crore in the next three months, say sources
Sitharaman said "it is the intention" to address concerns of all those who have approached the government with serious concerns post the court's decision
RCom's total liability includes Rs 23,327 crore licence fee and Rs 4.987 crore spectrum usage charges
India has formed a panel of bureaucrats to suggest ways to alleviate financial pressures on the telecom sector
Reliance Jio said that delaying implementation of zero call connect charges beyond January 2020 will hurt affordability of telecom services
We have not received anything," Sharma said when asked if the DoT has approached Telecom Regulatory Authority of India
Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company