Vodafone Idea & Airtel AGR Fiasco

[socrates]

Govt backs telcos in SC, seeks payment of AGR dues over 20 years

Adverse impact on the functioning of telecom companies will hurt economy and consumers, says telecom department.

wap.business-standard.com

 

[socrates]

Vodafone Idea may struggle to sustain beyond 2 years, despite likely AGR relief: Analysts - ET Telecom

Telecom News: Telecom operator Vodafone Idea may still struggle to sustain its business in the long term given its weak cash flows, even if the Supreme Court agrees to the government proposal to allow a staggered payment of the adjusted gross revenue (AGR) dues over 20 years or less, analysts say.

telecom.economictimes.indiatimes.com

 

[socrates]

Govt’s late rescue act for telcos means it stands to lose the most

The government will face huge monetary losses if Vodafone Idea shuts operations.Besides, it would need to contend with disruption in telecom services and risks to banks

www.livemint.com

 

[Sushubh]

Will withdraw 96 pc of Rs 4 lakh cr AGR related dues raised against PSUs, Centre tells SC - ET EnergyWorld

On June 11, the apex court had asked the DoT to reconsider its demand seeking Rs 4 lakh crore in past dues from non-telecom PSUs, saying raising such a demand using its verdict on dues of telecom companies was "totally impermissible"

energy-economictimes-indiatimes-com.cdn.ampproject.org

 

[Sushubh]

[Breaking] SC Grants 10 Years Period For Telecos To Clear AGR Dues; First 10% To Be Paid By March 2021 [Read Judgment]

The issue whether spectrum can be sold off in IBC proceedings has been left to the NCLAT to decide

www.livelaw.in

 

[igloo]

Source

 

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[igloo]

Supreme Court Exempts Jio, Airtel Of Rs 40,000 Crore Dues Owing To Spectrum Sharing

www.ndtv.com

 

[Sushubh]

A 4-year moratorium on AGR, spectrum payments in India's plan to prevent a Jio-led duopoly - ET Telecom

Telecom Relief Package: The government is also evaluating whether to take a small stake in financially struggling Vodafone Idea, in order to allay investor concerns regarding the future of the telco.

telecom.economictimes.indiatimes.com

 

[Navjot Singh]

Telecom department asks Vodafone Idea, Airtel to pay Rs 3,050 crore in penalties in 3 weeks - ET Telecom

Vodafone Idea: The fines are for flouting licence conditions by denying Jio \adequate points of interconnection (PoIs) in 2016, which affected the quality of services. This comes shortly after the government unveiled a series of measures to help the debt-laden sector.

telecom.economictimes.indiatimes.com

The Department of Telecommunications (DoT) has issued notices to Vodafone Idea and Bharti Airtel to pay ₹3,050 crore in cumulative penalties within three weeks for flouting licence conditions by denying Reliance Jio Infocomm adequate points of interconnection (PoIs) in 2016, which affected the quality of services. This comes shortly after the government unveiled a series of measures to help the debt-laden sector.

"The DoT has given the companies three weeks to pay the penalties," a person familiar with the matter told ET. Airtel has to pay ₹1,050 crore and Vodafone Idea has to pay ₹2,000 crore.

The Telecom Regulatory Authority of India (Trai) had recommended fines of ₹1,050 crore each in 2016 on Vodafone India and Bharti Airtel for violating licence conditions over quality of service by not granting adequate PoIs to Jio in 21 circles each.

Reliance ko jo dard hua woh DOT ko chubhta hai.

 

[socrates]

Airtel, Vodafone Idea shares jump after government proposes to withdraw ₹13,000 crore demand for spectrum usage charges | Business Insider India

Shares of Airtel and Vodafone Idea spiked by up to 4% as a result of the news. Airtel and Vodafone Idea will benefit to the tune of ₹13,000 crore.

www.businessinsider.in