Oil India moves Supreme Court over AGR order
The company has been served a notice of Rs 48,000 crores including licence fee, penalties and interest for the period from FY 2007-08 to FY 2018-19 by the department of Telecommunication (DoT).
Voda Idea jumps 13% as lenders expect govt intervention in AGR issue
ET NOW reported quoting agencies that Vodafone Idea and Bharti Airtel sa...
Telecom companies seek modification in AGR ruling, move SC
The ‘modification’ applications were filed on Monday after the Supreme Court last ...
DoT seeks Rs 48,000 crore from Oil India in telecom dues; company to challenge it in TDSAT
Following a Supreme Court ruling that non-telecom revenues should be included for considering payments of government dues, the Department of Telecommunications (DoT) has asked Oil India to pay Rs 48,000 crore in principal dues together with interest and penalty for using optic fibre network for internal communication.
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.
DoT examining if January 23 legal deadline for AGR payment applies to non-telecom PSUs
Telcos Airtel and Vodafone Idea are legally bound to comply with the payment timelines stipulated by the SC.
Top Q3 earnings, Budget buzz, AGR actions among key factors driving D-Street this week
Here is a list of factors that are likely to decide market direction in the days ahead.
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.
Extend payment term for telecom dues, charge lower interest: COAI
We have been suggesting a couple of things to the government, says Rajan Mathews.
Govt has little elbow room to ease burden on telcos: Chandrashekhar
Industry will need to raise or put money on the table for investing in 5G, says Chandrashekhar.
Airtel kicks off $3-billion fundraiser for AGR dues
In a statement to stock exchanges on Wednesday, the telco said it plans to raise $2 billion through a qualified institutional placement (QIP) of equity shares, and $1 billion via foreign currency convertible bonds (FCCBs), including a $250 million ‘upsize’ option.
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.
Telecom industry is on the path to recovery, but AGR an overhang: ICRA
Recent mobile tariff hike by telcos are pointing towards greenshoots of recovery in the sector.
Fitch says removing Airtel from ratings watch to depend on SC ruling
Fitch assigned a rating of 'BBB-' to the company's proposed US dollar senior unsecured convertible notes.
‘Rs 1.7 lakh crore AGR relief could help boost GAIL stock this year’
DoT has raised the demand after the Supreme Court expanded the definition of AGR.
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