Airtel has raised doubts over its ability to continue as a 'going concern', saying it may not be able to raise funds.
Internet service providers have written to the Prime Minister’s Office seeking relief from any move by the telecom department to implement a Supreme Court order on adjusted gross revenue on all telecom licence holders – and not just telcos.
The DoT has issued notice to telcos to pay their revenue share dues within three months as directed by the SC.
DoT has sought dues worth over Rs 8,000 crore on account of one-time spectrum charges (OTSC) and said in its appeal to the apex court that the demand was based on the licence conditions, said people aware of the developments. The appeal was filed last week and hearing has been set for November 15.
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.
Indian telecom has been a bad dream for foreign investors: Marten Pieters, Former CEO, Vodafone India
Indian telecom market developed in a bad way for investors, said former Voda India CEO Marten Pieters.
Airtel & Voda Idea owe the government licence fees and spectrum usage charges, plus penalties and interest.
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