Page 16 - Telecom Sector In India

Unease of doing business

The battle between the government and the telecom companies over how their adjusted gross revenues (AGR) should be calculated has gone on for several years.

Drill oil but dial telecom

Inclusion of non-telecom income in the overall calculation means the higher the oil price, the bigger the AGR share of the government

Govt takes a call to save telecom firms, but no relaxation likely on AGR

The Union government is of the view that there can be a debate on the quantum of payment and penalty but not on the fact that the companies have to make the payments

AGR dues: Three rating agencies downgrade Vodafone Idea in two days

According to official sources, VIL paid Rs 1,000 crore to the Department of Telecom on Thursday

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

Tata Sons to take Rs 74,000 cr hit on group's foray into telecom biz

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

AGR-hit Vodafone Idea postpones Q3 conference call with analysts

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

Budget a lost opportunity to revive growth: UTI AMC's Vetri Subramaniam

'Markets and the economy are never utter perfect equilibrium.'

Burdened with AGR dues, telcos rue absence of relief measures in Budget

The telecom industry had been pinning its hopes on the Union Budget to offer some breather on licence fee and spectrum usage levies

Budget 2020: Telecom gear makers seek Rs 10k cr line of credit facility

The industry body has also demanded up to 75 per cent quota for locally-made telecom equipment to reduce imports

ITI extends FPO, cuts price band after failing to garner full subscription

So far, the FPO has garnered only 50 per cent subscription

Franklin Templeton MF sidepockets Voda Idea debt following NCD downgrade

Fund house has carved out separate portfolios in six schemes to hold the exposure

A $21-billion telco war comes down to $2; consumers jump into the fray

The country's broken financial system would take a fresh hit; new 5G networks could be delayed; and the government's annual revenue from the sector might get squeezed

Indian Telephone Industries plans to raise Rs 1,600-crore through FPO

Proceeds of the issue will be utilised towards working capital requirements, repayment of loan taken by the company, and for general corporate purpose

Governance in India has been economics illiterate; here's how to fix it

The government needs to appoint economists in secretary level positions in all ministries for things to improve

Tatas arranging Rs 14,000 crore to clear telecom arm's outstanding AGR dues

Of the total AGR dues of Rs 13,823 crore, Rs 10,000 crore will be raised from banks by Tata Sons, while the remaining will be raised from internal accruals

Save telecom with a reprise of NTP-99

Radical steps are needed to fix the telecom crisis

The decade that was best for customers, but worst for telecom firms

As the decade ends, the bloodbath in the market has forced consolidation and closures

Tariff offers transparency: Trai extends deadline for receiving comments

The move came after Trai received a significant number of complaints from individual consumers on lack of transparency in disclosure of tariff information

Mittal, Ambani set for knockout in 2020 heavyweight telco champion's title

It's been a bruising battle but Mittal has managed to remain standing without conceding much market share to his rival and keeping his debt under control