Page 63 - Vodafone Idea

The telecom mess

If the sector turns into a duopoly (ignoring the struggling BSNL-MTNL combine for the moment), Airtel and Jio will find it hard to absorb the 300-million-plus VIL customers who will have to be ported.

AGR issue: Top FinMin, NITI, DoT officials talk relief measures for telcos

The telecom department officials remained tightlipped after the high-level meeting on Sunday

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

AGR dues: Telcos owe Rs 22k cr in licence fees, Rs 70k cr in interest, fine

Besides licence fees, telecom companies owe Rs 55,054 crore in spectrum usage charges (SUC), as per estimates of the Department of Telecommunications (DoT)

Sunil Mittal meets Prasad, tells Airtel will clear AGR dues before March 17

The Centre said telcos had already paid about Rs 16,000 crore in AGR dues and some had assured further payments in a week's time

Market Wrap, Feb 20: Sensex down 153 pts, Nifty below 12,100

On the sectoral front, IT stocks bled the most, followed by FMCG and media counters. On the other hand, PSU bank stocks advanced the most

AGR dues: Vodafone Idea has paid Rs 1,000 crore to DoT, say sources

Earlier this week, the telecom company had paid Rs 2,500 crore and said it would pay Rs 1,000 crore more by the end of the week

Vodafone Idea extends gains for second day, soars 66% from Tuesday's low

Meanwhile, Bharti Airtel hit the high of Rs 550 in Thursday's early morning deals

Market Ahead, February 20: Top factors that could guide markets today

According to analysts, the Nifty is witnessing firm support in sub -12,100 zone

DoT still working on final AGR dues due to varying accounting practices

Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT

Not just telcos, even customers are struggling with poor signals

Consumer rants about bad mobile networks are nothing new but the whole thing can assume new significance in these volatile times

Who gains if Voda-Idea fails

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

Govt should offer one-time settlement to telcos, waive penalties: S C Garg

Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties. The massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues are pushing telecom firms to the brink. In a blog titled 'Rebuilding Telecom Business in India', Garg said the telecom crisis in India is not just limited to AGR-related issues. "Offer a one-time settlement scheme to the telecom companies (both operating and under resolution) to pay the principal due amount as per the AGR definition as contained in the licensing agreements and waive the penal interest and penalties. "Alternatively, appoint a board for Vodafone Idea Ltd by ousting the current board on the lines of action taken in the case of IL&FS and DHFL and secure a moratorium of some time on servicing of loans and government dues," he said. Garg noted that the telecom

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

AGR dues: Vodafone Idea on the brink as DoT may invoke bank guarantees

Solicitor General's view sought after SC refuses relief; telcos pay a fraction of the total AGR dues

Market Wrap, Feb 19: Sensex ends 429 pts higher, Nifty at 12,126

Shares of Vodafone Idea jumped as much as 48 per cent to Rs 4.49 on the BSE on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now

Vodafone Idea reverses losses, jumps 48% on heavy volumes

According to media reports, the government is unlikely to invoke Vodafone Idea's bank guarantees for now.

Top 10 biz headlines: Jet gets another EoI, PFC-REC merger stuck, and more

This is the third EoI that Jet has received in the second round of bidding