The move will encourage global telecom gear makers like Ericcsson and Nokia as well as Huawei (provided it gets FDI permission) to export from the country.
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A senior government official told Business Standard that nearly 50% of Bharat Sanchar Nigam Ltd's base transceiver stations were damaged by the cyclone and would take a week to be fully restored.
The industry has unanimously raised the issue of high spectrum price. However, DoT adopted the spectrum rate as recommended by Trai.
Domestic manufacturers allege the tender favours global players
According to COAI estimates, each telco would require about an additional 5MHz to ensure that the networks continue to function smoothly
Govt should find a way to save the telecom sector
In all, AGR dues calculated by the government for 16 entities add up to Rs 1.69 trillion , while telcos' self-assessment place their dues at a mere Rs 37,176 crore
Cash flows to absorb Africa impact amid weak crude oil prices and rupee
In case of Vodafone Idea Ltd (VIL), the DoT is seeking over Rs 53,000 crore
The telecom service providers have been directed to make payments on the basis of self-assessment and submit requisite documents for compliance, MoS for communication said in RS
The government, last week, had asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay.
Telecom firm advised to pay up at least the principal amount before SC hearing
The demand makes sense, given the huge gap between what the operators, based on their assessment of the dues, are paying as compared with the DoT's demand
Vodafone Idea has has maintained it would not be possible to continue as a going concern without any relief from the government on payment of AGR dues
With significant discrepancies cropping up in the AGR math, the industry may be facing a fresh round of dispute
An implosion of the sector will have economy-wide ramifications. This is the last thing India needs now
The DoT is set to write fresh letters to telecom companies questioning them about the variation in AGR dues assessed by firms themselves and its own calculations
Vodafone Idea said adjustment of GST credit due from the government could help in meeting its AGR payment
Adding to the cautious mood on the Dalal Street will be the expiry of the February series derivative contracts today and the release of the Q3 GDP data tomorrow