DoT updating figures to reflect tweaks to AGR definition after Supreme Court order.
SC order on the definition of adjusted gross revenue may not only impact telecom companies but it can also have an impact on any entity that has taken telecom service licence, such as internet service providers, satellite communications providers, cable operators, said legal experts and industry executives, making them liable to pay AGR-based dues.
The panel was formed to suggest steps to provide relief in a time-bound manner to the carriers which are facing a Rs 1.3-lakh-crore-plus payout in additional statutory dues after the SC order on adjusted gross revenue.Loss-making Vodafone Idea and Airtel have been hit hardest by the SC order backing the government stance to include non-core items.
Trai doesn’t intervene in tariffs, and any move to set a floor price would overturn this practice. While Trai had rejected the proposal for a floor price in 2017, the health of the sector has taken a turn for the worse since then.
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Airtel & Voda Idea owe the government licence fees and spectrum usage charges, plus penalties and interest.
This profit growth was driven by rising data consumption and lower finance costs.
Analysts say Vodafone Idea's survival could face challenges, paving way for Jio & Airtel to take lead.
The company, which globally launched its smart televisions from India in August, claimed to have taken 42% share of the premium smart TV segment on online partner Amazon during the first few days of festive sales.
DoT says AGR should include dividends, handset sales, rent and profit from the sale of scrap, apart from revenue from services. Telcos counter that AGR should be limited to core telecom services alone.
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