Page 18 - Telecom
Voda Idea: As threat of closure looms, Kumar Mangalam Birla meets DoT secy
Sources said a Cabinet meeting scheduled for Wednesday would discuss the telecom issue
 "Voda Idea: As threat of closure looms, Kumar Mangalam Birla meets DoT secy")
I believe SC's AGR ruling does not apply to non-telecom PSUs: Pradhan
Oil Minister Dharmendra Pradhan on Monday said he believes non-telecom PSUs are not covered by the Supreme Court order that asked telecom licence holders to pay statutory dues after including non-telecom revenues. Following the October 24 Supreme Court ruling that non-telecom revenues of telecom firms such as Bharti Airtel and Vodafone Idea should be included for considering payments of government dues, the telecom department sought Rs 1.83 lakh crore from gas utility GAIL India Ltd, about Rs 48,500 crore from OIL, Rs 21,953.65 crore from Power Grid Corp and Rs 15,020 crore from Gujarat Narmada Valley Fertilizers & Chemicals Ltd. The government's demand from such companies was many times more than their net worth. "The Department of Telecommunications (DoT) has served notice to government oil companies due to some communication gap. We have placed our side after doing all legal consultations," Pradhan told reporters here. He went on to state that neither of the public sector ...
 "I believe SC's AGR ruling does not apply to non-telecom PSUs: Pradhan")
DoT mulls penal action against telcos for delay in payment of AGR dues
Telecom operators have to collectively pay Rs 1.47 trillion adjusted gross revenue (AGR) dues
 "DoT mulls penal action against telcos for delay in payment of AGR dues")
Public sector companies with telecom licence also asked to pay AGR dues
OIL's notices are for 2007-08 to 2018-19 and the Rs 48,000 crore includes licence fee, penalties and interest
 "Public sector companies with telecom licence also asked to pay AGR dues")
AGR case: COAI says govt has vast powers to address telecom sector's issues
Of the three private players, market analysts consider Vodafone Idea to be in the most vulnerable position
 "AGR case: COAI says govt has vast powers to address telecom sector's issues")
SC order on AGR dues: RBI guv says will discuss internally if issues arise
When asked about the order, Das said it would be internally deliberated upon, if at all there are issues arising out of it
 "SC order on AGR dues: RBI guv says will discuss internally if issues arise")
AGR dues: Risk of duopoly in telecom higher than before, says analyst
Most of the remaining liability is with state-owned BSNL/MTNL and some of the shut/bankrupt telecom companies
 "AGR dues: Risk of duopoly in telecom higher than before, says analyst")
Customers may have to pay the price as telecom industry consolidates
Consolidation, after Reliance Jio's entry and the price war, has shrunk the number of players from a peak of 16 to just 4
 "Customers may have to pay the price as telecom industry consolidates")
In unprecedented move, ITI withdraws Rs 1,300-crore FPO over poor demand
The government holds 90 per cent stake in ITI which is valued at Rs 7,550 crore, currently
Have sought 10 years to pay AGR principal amount, says Vodafone CEO
VIL is actively seeking various forms of relief from the Centre
 "Have sought 10 years to pay AGR principal amount, says Vodafone CEO")
Govt estimate of revenue from telecom up two-folds to Rs 1.33 trn for FY21
It expects a revenue of Rs 58,686.64 crore under communications head in the current fiscal year against budgeted amount of Rs 50,519.8 in 2019-20.
 "Govt estimate of revenue from telecom up two-folds to Rs 1.33 trn for FY21")
Top biz headlines: DoT talks tough on AGR dues, FMCG recovery, and more
Supreme Court on Tuesday agreed to list the 'modification petition' filed by Bharti Airtel, Vodafone Idea and Tata Group for 'sometime next week'
 "Top biz headlines: DoT talks tough on AGR dues, FMCG recovery, and more")
AGR dues: DoT talks tough on deadline, telecom companies sit on the fence
Telcos discuss giving January 24 deadline a miss
 "AGR dues: DoT talks tough on deadline, telecom companies sit on the fence")
Top 10 biz headlines: Telcos move SC again, prices of Maruti drop, and more
From Amazon's delivery fleet to HDFC Bank's retail loan growth, here are the top 10 business headlines for the day
The final call
Save telecom from becoming a duopoly
DoT examining if deadline for AGR payment applies to non-telecom PSUs
The DoT has sought Rs 1.72 trillion in past statutory dues from state-owned gas utility GAIL India Ltd
Jobs to foreign investment: What happens if Voda Idea shuts shop
The closure would mean severe job losses - in a market where job creation is becoming an issue
 "Jobs to foreign investment: What happens if Voda Idea shuts shop")
After SC rejects AGR plea, telcos brainstorm on paying up to 20% dues
Industry plans to again ask telecom department for staggered payment option
 "After SC rejects AGR plea, telcos brainstorm on paying up to 20% dues")
Vodafone Idea's ability to compete in Indian market may weaken: Moody's
The Supreme Court on Thursday dismissed review petitions of top telecom firms including Bharti Airtel and Vodafone Idea seeking review of its earlier order asking them to pay Rs 1.47 trillion
 "Vodafone Idea's ability to compete in Indian market may weaken: Moody's")
AGR verdict aftermath: MFs, PFs brace for storm over Vodafone Idea debt
MFs have already started to mark-down their debt exposure following S's decision to reject review plea of the telecom companies on AGR dues
 "AGR verdict aftermath: MFs, PFs brace for storm over Vodafone Idea debt")