Inclusion of non-telecom income in the overall calculation means the higher the oil price, the bigger the AGR share of the government
The CoC will also put to a vote asset bids received from UV Asset Reconstruction Company
Consumer rants about bad mobile networks are nothing new but the whole thing can assume new significance in these volatile times
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
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
Clearly with the financial stress of telcos getting aggravated with the large imposts that they have to fork out due to the AGR order immediately, much of the bill will have be passed on to customers.
A slowing economy pushes the two to come together to develop a joint engagement platform for rural consumers
Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain
Holding firm to pick up Rs 14,000 cr AGR tab of Tata Tele, which only has Rs 200 cr of cash surplus as on Dec 2019
Vodafone has 304 million subscribers of which 45 per cent are data subscribers
He had issued an order saying no coercive action should be taken to recover Adjusted Gross Revenue (AGR) dues from telecom firms after expiry of the deadline set by the apex court
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices
The Supreme Court on Friday directed the top echelons of telecom firms to explain why contempt action should not be taken against them for non-compliance of its AGR order
The order came on a complaint filed by Canada-based Teleclub (Alberta Ltd), which is an international telecom carrier
Seeks law min opinion on course of action
But receipts from firms stand at a whopping Rs 1.33 trillion for FY21
The telecom industry had been pinning its hopes on the Union Budget to offer some breather on licence fee and spectrum usage levies
It cautioned that its fundamental bear case is nearly 35 per cent below current price and it would assign at least a 30 per cent weight to each of the risk factors.
Earlier this month, the telecom company introduced a Rs 279 prepaid plan, with Rs 4 lakh insurance cover from HDFC Life