According to the court order on October 24, the telecom companies have three months to pay spectrum usage charges and licence fees in the way adjusted gross revenue has been calculated by the govt
The new AGR demands will add to private players' burden
The statement further noted that Vodafone is actively engaging with government and they are fully supportive of their local management as they continue to manage the joint venture
The four-point turnaround plan for the public sector telcos is a set of necessary steps but is far from sufficient
Govt needs to decide what it wants to do with the sector
Intense competition among telcos had already impacted financial profile of firms and court judgment would now only add pressure to burden of paying interest and principal: Senior executive with SBI
The telcos contend that AGR should comprise revenue earned only from telecom services, while the DoT has been insisting that AGR should include all revenues, including those from non-core operations
The telcos contend that AGR should comprise revenue earned only from telecom services, while the DoT has been insisting that AGR should include all revenues, including those from non-core operations
Spectrum usage charges (SUC) yearly declined 17.74 per cent, from Rs 5,089 crore in 2017 to Rs 4,186 crore in 2018
Investments for Jio complete, Airtel towards lower capex spend, Voda Idea capex slows
Hyper-competition, leading to significantly squeezed margins, rising debt and falling revenues, is the reason behind telecom sector's acute financial distress
Differences in the sector need to be settled swiftly
The entry of Reliance Jio Infocomm Ltd. in 2016 has proven to be a turning point in consolidation for the market