The stock slumped 13.12 per cent to its 52-week low of Rs 3.31 apiece on BSE
It also slammed the Cellular Operators Association of India for writing ex-parte to the government on the financial distress in the sector
Based on current data, analysts said Bharti Airtel had enough opportunity to monetise and pay the AGR dues
In another development, Reliance Jio on Wednesday attacked incumbent operators, saying it disagreed with "the threatening and blackmailing tone" of the COAI's letter against the SC's judgement on AGR
The ratings continue to be tempered by high debt level, declining subscriber base trends, regulatory risks and prevalent intense competition in the Indian telecom industry
Earlier on Wednesday Fitch Ratings placed Bharti Airtel Ltd on 'rating watch negative' over unpaid regulatory dues arising from a recent Supreme Court ruling
'We continue to pay all our debts as and when these fall due,' the Vodafone Idea spokesperson said
The distress at India's No. 2 phone operator deepened last week after the nation's top court ordered it to pay about $4 billion in past dues, dealing a fresh blow to the struggling business
The Supreme Court has ordered the companies to pay the government not just the dues but a hefty penalty -- as well interest on both
The committee, led by Cabinet Secretary Rajiv Gauba, will have secretaries from finance, law, telecom ministries
With the telecom sector staring at a massive payout following a Supreme Court order, the government has constituted a Committee of Secretaries to work out a financial bailout package
With the telecom sector staring at a massive Rs 1.4 trillion payout following a Supreme Court order, it asked the government not to press for AGR dispute payment in its entirety
Analysts largely see this as a positive for the sector, saying it will allow Bharti Airtel and Vodafone Idea to increase their rates as well
Apex court had upheld government definition of AGR, said telcos must pay licence and fine applicable
The Supreme Court on Thursday ordered phone operators in the country to pay the government a combined Rs 920 billion in past airwaves and license fees
The stock hit a new low of Rs 3.66, down 15% on Friday, and has tanked 84% thus far in the calendar year 2019.
It is time to abandon the logic of telecom levies on operator revenues
SC says all revenues except termination fee and roaming charges will form part of AGR
Trai says a reduction in AGR will allow more investment in telecom sector, but DoT argues the same can be ensured if Trai agrees to reduce spectrum reserve price at auctions
The two telecom providers will now have to pay Rs 50,000 crore to the Department of Telecommunications