Vodafone Idea may pay part of AGR dues to stay afloat
Besides pleas for relief at Supreme Court, telco wants to show its intent to honour payment obligations.
Vodafone Idea may seek more time from Supreme Court to pay dues
The telco had filed a review petition, hoping for a reduction in penalties, which account for 75% of the dues.
Non-telcos to file review against AGR ruling: Solicitor General
Legal experts said though none of the PSUs were party to the case, which was fought between the Department of Telecommunications (DoT) and telecom companies, they could file review petitions since they were affected by a wider interpretation of the ruling.
Supreme Court’s review petition dismissal last straw in sectoral financial distress: COAI
“The Supreme Court’s dismissal of the review petition is the last straw in contributing to financial distress and it remains to be seen whether the industry will be able to recover from this setback,” Rajan S Mathews, Director General of the Cellular Operators of India (COAI) said.
Huge blow to telecom cos: SC hangs up on telcos’ AGR review petitions
Voda Idea & Airtel may file curative petitions, seek more time to pay combined Rs 89,000 cr dues
Vodafone Idea dives 39% as SC rejects AGR plea; here's what analysts say
The plea was filed by Vodafone Idea, Bharti Airtel and Tata Teleservices.
Government relief only hope, else telecom sector headed for duopoly: Analysts
Industry experts are divided over the likely outcome of the sector heading towards a duopoly with two private telcos-Reliance Jio and Bharti Airtel plus one PSU- BSNL with a limited reach. While Vodafone Idea is reeling under the debt of Rs 53,000 crores as AGR payment, Airtel is better financially placed to pay its statutory dues of Rs 35,000.
Voda Idea, Infratel shares crash on SC rejecting AGR review, Airtel gains
Govt has estimated Vodafone Idea’s dues in the AGR matter to be more than Rs 53,000 crore.
SC rejects telcos' AGR plea: Airtel better placed, Voda’s survival in doubt
Telcos face over Rs 1.02 lakh crore in additional licence fees, SUC, penalties and interest.
Disappointed with SC dismissing AGR review plea; may file curative petition: Airtel
The money now required to pay punitive interest, penalty and interest on penalty which forms nearly 75 per cent of AGR dues would have better served the digital mission of the country, Airtel added.
Alarmed RBI seeks govt relief for telcos to avoid bad loans
Banks like YES, IndusInd, SBI, ICICI and PNB appear to have high exposures to Vodafone Idea.
Airtel expresses disappointment over AGR plea rejection; evaluating filing curative petition
“While respecting the Hon’ble Supreme Court’s decision, we would like to express our disappointment as we believe the long standing disputes raised regarding the AGR definition were bonafide and genuine,” Airtel said in a statement.
Setback for Vodafone Idea and Bharti Airtel as Supreme Court dismisses AGR review petitions
The Supreme Court has rejected Vodafone Idea, Bharti Airteland Tata Teleservices plea to review its October 24 verdict widening the definiti...
Franklin Templeton MF marks down Vodafone Idea exposure; these 6 funds take a hit
Franklin Templeton has also put upper bounds on the investment in these funds at Rs 2 lakh per day per fund per investor.
Rs 4,500 crore mutual fund money at stake in Voda Idea; Templeton markdown hits 6 schemes
The telco’s survival will now depend on its ability to garner funds to pay the statutory dues.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service