Devina Sengupta

  • What Supreme Court’s decision could mean for telcos

    What Supreme Court’s decision could mean for telcos

    If the verdict doesn’t go in telcos’ favour, they will have to pay Rs 1.47 lakh crore of licence fees (over Rs 92,000 crore), spectrum usage charge (SUC), interest and penalties by January 23. Vodafone Idea and Airtel will be the worst hit, with dues of over Rs 53,000 crore and Rs 35,500 crore, respectively.

    Lenders may net Rs 20,000 crore: Jio, UV Asset Recast Co top bidders for RCom assets

    Lenders may net Rs 20,000 crore: Jio, UV Asset Recast Co top bidders for RCom assets

    Bankers have named Jio as the preferred bidder for the tower and fibre assets housed in Reliance Infratel, while UVARCL will acquire the spectrum of RCom and its subsidiary Reliance Telecom. The combined offer from UVARCL and Jio is higher than the offer from Bharti Airtel — which had an NPV of Rs 8,500 crore.

    Fewer users port out as telcos offer similar tariffs, quality

    Fewer users port out as telcos offer similar tariffs, quality

    The reduction in mobile number portability (MNP) is good news for telcos since it means they have to invest less in trying to retain existing customers, said industry executives and analysts. MNP fell to 4.1 million in October last year from 5.4 million in the previous month, and the MNP churn rate dipped to 0.3% from 0.5% in September.

    No open-court hearing on AGR: Supreme Court

    No open-court hearing on AGR: Supreme Court

    The two telcos - hit most by the AGR verdict wherein Airtel has to pay over Rs 35,500 crore and Vodafone Idea has to put in over Rs 53,000 crore - need to pay up by January 23. Both have issued warning bells that without sufficient government or judicial relief, they may go kaput. The telcos reportedly brought up the urgency of the matter before SC.

    AGR Ruling: RailTel Corporation moves Supreme Court

    AGR Ruling: RailTel Corporation moves Supreme Court

    RailTel Corporation has moved the Supreme Court, seeking a modification or a clarification that its Oct 24 order on adjusted gross revenue pertains only to access service provider licence holders such as telcos, and not to all licence holders for internet service and national long distance telephone service.

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