Page 4 - Telecom Tariffs
Govt objects to Voda CEO's comments on India JV being pushed to liquidation
The central government has objected to the reported comments of Nick Read, chief executive of Vodafone, that the India unit of the telecom major was headed for liquidation due to, among other factors, the Supreme Court decision requiring payment of Rs 28,300 crore as spectrum dues.According to media reports, Union telecom and communications minister Ravi Shankar Prasad spoke to Vodafone Idea chairman Kumar Mangalam Birla to express displeasure. Vodafone Plc, the parent entity, says its chief's comments were taken "out of context", presenting an incorrect picture. Vodafone Plc owns 44.3 per cent stake in Vodafone Idea; the Aditya Birla Group holds 26.5 per cent.According to the transcript of Read's utterances, he'd told analysts that due to the Supreme Court's ruling on the correct way to determine telecom company dues from their Adjusted Gross Revenue (AGR), on top of the financial stress already present, the situation of the telecom sector in India and at Vodafone Idea was a ...
 "Govt objects to Voda CEO's comments on India JV being pushed to liquidation")
Inadequate tariff revision in FY20 a concern for discoms, says Icra
State distribution utilities in 17 of the 29 states have filed tariff petitions for FY20
 "Inadequate tariff revision in FY20 a concern for discoms, says Icra")
Don't fix telecom tariffs
Telcos' demand for a floor price is a bad idea
