VI CEO claims Govt. has no interest in acquiring telecom firms

Photo: Business UpTurn

Govt. Wants VIL To Compete In Indian Telecom Market: Vodafone CEO

Vodafone Idea Ltd (VIL) Managing Director and CEO Ravinder Takkar told PTI that the government has presented an alternative to paying back dues via equity shares. He also said it would not want to acquire the firm, considering it wants VIL to be one among three private players to compete in the Indian telecom market. VIL has total gross debt of Rs. 1.91 lakh crore.

Sun, 26 Sep 2021 - 06:12 PM / by Muskan Arora

Tags: Government of India, Vodafone, VODAFONE IDEA, Idea, AGR

Courtesy: Business Standard

Telecom Towers

Photo: Sunday Guardian

SC Dismisses Telecom Giants' Plea On AGR Dues Re-computation

A plea filed by telecom majors like Bharti Airtel, Vodafone Idea, and Tata Teleservices for correcting arithmetical errors in their Adjusted Gross Revenues (AGR) dues has been dismissed by the Supreme Court on July 23. In September 2020, the companies were allowed 10 years to pay their pending dues worth Rs 93,520 crore. Reportedly, Bharti Airtel owed Rs 43,000 crore, while Vodafone Idea owed over Rs 50,000 crore.

Fri, 23 Jul 2021 - 02:36 PM / by Aditi Chavan

Tags: Telecom companies, AGR, Supreme Court, DISMISSED

Courtesy: NDTV

Bharti Airtel

Photo: The Economic Times

Bharti Airtel Approaches SC Over Revaluing AGR Dues By DoT

Telecom giant Bharti Airtel has approached the Supreme Court, pointing out “arithmetical errors” made by the Department of Telecommunications in calculating adjusted gross revenue (AGR) dues. As per DoT, Airtel owes about Rs 44,000 crore, out of which it had paid Rs 18,000 crore. While other operators shall file similar petitions, Airtel affirmed that the erroneous interest rate was applied to hoist the demands for Spectrum Usage Charge (SUC… read-more

Wed, 06 Jan 2021 - 05:44 PM / by Richa Nigam

Tags: Bharti Airtel, AGR, Spectrum Usage Charge, DoT

Courtesy: Times Now

Vodafone Idea`

Photo: The Financial Express

Vodafone-Idea Shares Increase by 12.99% Following Board Meeting's Scheduling

Vodafone-Idea's shares witnessed an increase of 12.99% after the company announced its board meeting scheduled on September 4. The board will meet to deliberate over the Supreme Court's verdict on the Adjusted Gross Revenue (AGR) issue. Earlier, the court has asked the company to pay 10% of the AGR dues by March 31, 2021.  The company stated that it will "consider and evaluate all proposals for raising of… read-more

Wed, 02 Sep 2020 - 04:16 PM / by Mahadevan K V

Tags: Vodafone-idea, Telecom, Supreme Court, AGR