Devina Sengupta

  • RCom Insolvency: CoC expects to raise Rs 14,000 cr from assets

    RCom Insolvency: CoC expects to raise Rs 14,000 cr from assets

    Assets up for sale include airwaves in the 850 MHz band in 14 of India’s 22 telecom circles, about 43,000 telecom towers, some fibre and data centres. Bharti Airtel has made the highest bid of Rs 9,000 crore and has offered upfront payment but wants all the assets and not parts of it.

    Next spectrum auction likely in April-June 2020

    Next spectrum auction likely in April-June 2020

    The sector regulator has suggested a base price for 5G airwaves of Rs 492 per MHz and has proposed a minimum sale of 20 MHz blocks. That would mean a telco having to spend close to Rs 10,000 crore for 20 MHz and Rs 50,000 crore for 100 MHz--rates that the companies have said are exorbitant.

    NCLT directs DoT not to suspend Aircel’s spectrum license

    NCLT directs DoT not to suspend Aircel’s spectrum license

    The battle between Aircel , which keeled under a debt of Rs 26,000 crore, and Department of Telecommunications (DoT) started when the latter demanded dues on airwaves be paid to the government failing which licenses should be suspended .

    Airtel, Jio bid for RCom telecom assets

    Airtel, Jio bid for RCom telecom assets

    Bharti Airtel, Reliance Jio, Varde Capital and UV Asset Reconstruction Company have submitted bids to buy assets of debt-ridden Reliance Communications.

    CII urges relief relief for telcos

    CII urges relief relief for telcos

    The industry body drew parallels between the airlines and telecom sector where both have faced consolidation, price wars and are capital intensive sectors which have high taxes. The letter highlights the impact of AGR dues which if recovered, will impact viability of telcos and other players in the industry.

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