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Kripa B September 20th, 2024 11:14 AM 0 COMMENTS

Vodafone Idea’s Talks with Lenders and Vendors Unaffected by SC Ruling on AGR Dues: Report

Vodafone Idea (Vi) is reportedly on track with its talks with lenders and vendors, despite the Supreme Court's recent rejection of its curative petition related to adjusted gross revenue (AGR) dues. According to sources familiar with the matter, the outcome of the curative petition was not included in the company's business plans or discussions with lenders, as reported by ET on Friday. Also Read: Vodafone Idea Boosts Network in Kerala... Read More

Tanuja K July 16th, 2024 12:41 PM 0 COMMENTS

Vodafone Idea and Airtel Plea for AGR Dues Considered by Supreme Court: Report

Vodafone Idea Limited (VIL) and Bharti Airtel had submitted a plea to the Supreme Court (SC) of India saying that the AGR (adjusted gross revenue) dues calculation by the telecom department was wrong. The telcos were talking about the arithmetic errors that happened. Now, according to PTI, the Supreme Court has decided it will consider the plea from the telcos. This has pushed the stock of Vodafone Idea up by... Read More

Tanay Singh Thakur October 10th, 2023 11:10 AM 1 COMMENTS

Airtel and Vi Again Ask for Hearing of AGR Dues Miscalculation: Report

Vodafone Idea (Vi) and Bharti Airtel have approached the Supreme Court (SC) to hear their curative petition in an "open court". The curative petition is against the apex court's earlier order which rejected the review petition filed by the telcos for rectifying the arithmetical errors in the calculation of the adjusted gross revenue (AGR) dues. The telcos believe that their calculation of AGR dues is very different from that of... Read More

Tanuja K March 22nd, 2023 10:45 AM 0 COMMENTS

DoT Seeks Rs 33,111 Crore for BSNL’s AGR Dues Payments: Report

The Department of Telecommunications (DoT) has sought Rs 33,111 crore for the payment of adjusted gross revenue (AGR) dues of Bharat Sanchar Nigam Limited (BSNL). BSNL needs to claim the amount, and then the payment will likely be made in the first quarter of FY24. According to a PTI report, the Department of Telecommunications said in a submission to the Standing Committee of Communications and Information Technology that against the... Read More

Tanay Singh Thakur July 1st, 2022 8:33 AM 1 COMMENTS

Bharti Airtel Follows Vi into Accepting Deferment of Additional AGR Dues

Bharti Airtel, the second-largest telecom operator in the country, has opted to defer the additional adjusted gross revenue (AGR) dues up to FY2018-19. It is worth noting that Vodafone Idea (Vi) has done the same. Earlier, the Department of Telecommunications (DoT) had offered the telcos an option to defer the payment of AGR-related dues up till FY2016-17, as determined by the Supreme Court (SC). To offer further relief to the... Read More

Tanay Singh Thakur June 23rd, 2022 7:02 AM 4 COMMENTS

Vodafone Idea Defers Rs 8837 Crore Worth of AGR Dues

Vodafone Idea (Vi), the third-largest telecom operator in the country has decided to defer Rs 8837 crore worth of adjusted gross revenue (AGR) dues for four years. The option to do this was given to the telco by the Department of Telecommunications (DoT). Vodafone Idea will now pay the said amount in six equal instalments post the moratorium period starting from March 31, 2026. The company said that the old... Read More

Tanay Singh Thakur March 3rd, 2022 8:31 AM 3 COMMENTS

AGR Dues: PSUs and Private Firms Have No Difference in Eyes of TDSAT

The TDSAT (Telecom Disputes Settlement and Appellate Tribunal) has decided that it won’t look at the private companies and the public sector units (PSUs) in a different tone. Both the companies will have to be treated the same, and if there are any dues, both PSUs and the private companies will have to pay them. TDSAT said that it wouldn’t treat any PSU differently from a private company. If any... Read More

Tanay Singh Thakur December 8th, 2021 6:07 PM 0 COMMENTS

AGR Dues Deferment Brought Great Relief for One Operator: Mittal

Before the relief measures were announced for the telecom sector, India was scared of a duopoly between Bharti Airtel and Reliance Jio. Vodafone Idea had a mountain of debt and was just not getting a break. The telco wasn’t adding subscribers, nor had it made any profits for years. The general perception of the market was that Vodafone Idea (vi) was going to go out of business, if not right... Read More

Tanay Singh Thakur September 10th, 2021 12:25 PM 2 COMMENTS

Vodafone Idea Might Be Rooting for AGR Dues Case to Go Its Way

Vodafone Idea (Vi), the third-largest telecom operator in India, has been very vocal about the surprise and how it is “inconceivable” for it to understand that the Supreme Court (SC) can’t order a rectification in errors made by the Department of Telecommunications (DoT) while calculating the adjusted gross revenue (AGR) dues. It is not just Vodafone Idea, but also Bharti Airtel, who was rooting for the SC to order the... Read More

Tanay Singh Thakur August 24th, 2021 9:30 AM 5 COMMENTS

Indian Telcos Might Get Some Relief With AGR Dues

Indian Telecom operators might get some relief in regards to adjusted gross revenue (AGR) dues. The telcos, including Airtel and Vodafone Idea, were asked by the Supreme Court (SC) to clear the dues in 10 instalments over a decade. Since the AGR dues amount is not being rectified, it has put a lot of pressure on the telcos as the total dues amount in thousands of crores. But as per... Read More

Tanay Singh Thakur August 20th, 2021 8:45 AM 5 COMMENTS

Bharti Airtel Files Review Petition for AGR Dues Rectification

It looks like even Bharti Airtel won’t leave the adjusted gross revenue (AGR) dues case so lightly. The company has moved to the Supreme Court (SC) and filed a review petition against the order, which the same court had announced last month. The SC had denied the telcos’ requests for asking the Department of Telecommunications (DoT) to rectify the errors that have been made while calculating the total AGR dues... Read More

Tanay Singh Thakur August 17th, 2021 10:29 AM 8 COMMENTS

Vodafone Idea Will Stay Persistent With AGR Dues Petitions

Vodafone Idea (Vi) Managing Director (MD), Ravinder Takkar, said the company would file for a ‘curative petition’ in case its ‘review petition’ is rejected. For the unaware, a ‘review petition’ is a petition that an aggrieved party can submit if it believes there is an error in the judgement made by the Supreme Court. The ‘curative petition’, on the other hand, is a petition that is filed after the review... Read More