The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices
Among telcos, Vodafone Idea tumbled over 23 per cent to Rs 3.44 apiece on the BSE post the AGR verdict
Supreme Court on Friday rejected the telecom companies' plea seeking new schedule of adjusted gross revenue (AGR) payments.
The Supreme Court on Friday said the companies and the federal Department of Telecommunications (DoT) were liable for contempt of court
Vodafone Idea, Bharti Airtel and Tata Teleservices had filed modification applications on the time schedule to make payments of over Rs 1 trillion that they owe to DoT as AGR
A total of 946 companies, including ONGC, Embassy Office Parks REIT, and Fortis Healthcare are scheduled to announce their December quarter earnings today
A bench of justices Arun Mishra, S Abdul Nazeer and M R Shah will hear a batch of petitions filed by telecom companies in open court
The quarterly results come as Vodafone Idea and other Indian telecom firms are pressured by government demands to pay $13 billion in overdue levies in a long-contested dispute
Almost 615 companies, including BPCL, Page Industries, Nestle India, and Apollo Hospitals Enterprise, are scheduled to announce their December quarter results today
Consolidation, after Reliance Jio's entry and the price war, has shrunk the number of players from a peak of 16 to just 4
The order came on a complaint filed by Canada-based Teleclub (Alberta Ltd), which is an international telecom carrier
These telecom service providers had expressed their interest in utilizing BharatNet connectivity mainly for extending their 4G/ LTE mobile services
"Vodafone RED postpaid plans will be available to customers from all stores and digital channels of both Vodafone and Idea brands, the company said
The British telecom giant said the Department of Telecommunications had in November granted a two-year spectrum moratorium
Says three players will be healthy for the sector
VIL is actively seeking various forms of relief from the Centre
However, Sebi Chairman Ajay Tyagi parried questions on whether such a move is illegal or if it hurts the broader cause of protection of investors' interests
The telecom industry had been pinning its hopes on the Union Budget to offer some breather on licence fee and spectrum usage levies
Fifteen telecom companies owe the government Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges