Bharti Airtel, Vodafone Idea (Vi), and Tata Telecommunications had all denied paying any further adjusted gross revenue (AGR) dues for FY21. The telcos believe that they have already paid more than they were supposed to. According to a PTI report, the Department of Telecommunications (DoT) has filed an affidavit in the Supreme Court (SC) for the non-compliance of the AGR order by the telcos. As per the SC order on... Read More
The never-ending adjusted gross revenue (AGR) dues drama continue with telcos and the Department of Telecommunications (DoT) standing at odds with each other. The telcos have argued that they have already paid the 10% advance on the dues while DoT says they haven’t. According to an ET Telecom report, DoT has to inform the Supreme Court (SC) about the status of the AGR dues paid by the telcos as of... Read More
The Supreme Court (SC) of India has said that it will hear on the matter of adjusted gross revenue (AGR) dues in two weeks. The matter was raised by the telcos earlier in January, saying that the Department of Telecommunications (DoT) has assessed the dues wrongly. It is worthy to note that last year, the Supreme Court had ruled that it won’t entertain the recalculation of the dues and would... Read More
Tata Teleservices Limited (TTSL) has approached the Supreme Court of India demanding a recalculation of adjusted gross revenue (AGR) dues. As per the telco, the Department of Telecommunications (DoT) hasn’t calculated the dues correctly. TTSL said that the telecom department made arithmetical errors in the calculation of dues, which resulted in a higher amount than how much it should have been according to the company lawyers. It is worthy to... Read More
Department of Telecommunications (DoT) has approached the Solicitor General Tushar Mehta for seeking his opinion on the adjusted gross revenue (AGR) dues payment timeline. Bharti Airtel and Vodafone Idea (Vi) have said that they have already paid more than 10% advance on the dues as per the Supreme Court’s (SC) order. But according to an ET Telecom report, DoT believes otherwise. Thus the government body is out seeking professional legal... Read More
Telecom operators Vodafone Idea and Bharti Airtel reportedly reached out the DoT (Department of Telecommunications) for clarity on how the AGR dues are calculated. The Supreme Court, on September 1, asked telcos to pay the AGR dues within ten years. And the apex court considered the final amounts submitted by DoT. Since the very beginning of the AGR case, Airtel and Vi are opposing the calculations of DoT saying that... Read More
Adjusted gross revenue (AGR) dues case against the telco came to an end earlier this year when the Supreme Court (SC) of India finally sided with the government. The SC had ruled in favour of DoT and asked the telcos to pay the dues within the next 10 years out of which 10% of the dues have to be paid before March 31, 2021. Even though this decision brought legal... Read More
Adjusted Gross Revenue (AGR) dues have nullified the advantage for the telcos which tariff hike on December 2019 had created, said Crisil Research. As per an ET Telecom story, the company’s return on capital employed (ROCE) has dropped because of the AGR dues liability. The tariff hike should have increased it, but because of the AGR dues, the effect of tariff hike is rendered useless for when the ROCE of... Read More
The government of India is all set to oppose transfer of the right to use spectrum of bankrupt operators like Reliance Communications and Aircel unless their statutory dues are cleared. The apex court during the hearing of AGR dues matter had also asked whether operators under Insolvency and Bankruptcy Code (IBC) can sell its spectrum to another telecom company. The answer to that question isn’t clear yet. However, ET Telecom... Read More
Supreme Court a few days back announced its decision on the matter of AGR dues. The apex court said that the telcos will have to pay all the remaining dues in the coming decade starting next financial year. Before that, each telco will have to pay the 10% dues in advance so the 90% will be left for the next 10 years. This clarity on the decision of AGR dues... Read More
The Supreme Court today announced its judgement on the AGR case and allowed a ten-year payment term with 10% upfront payment for repayment of the AGR dues. For the unaware, the three telcos have t pay Rs 90,000 crore as AGR dues to the government. ICRA opined that the relatively shorter payment timeframe exerts additional pressure on the cash flows and necessitates sizeable ARPU increase and can have an impact... Read More
The biggest question that the SC is looking the answer for is can an asset which the telco doesn’t own be sold under the IBC process? In the last hearing, Kapil Sibal said that if the SC rules that spectrum is not an asset of the company and therefore the telco can’t sell the right to use it under IBC, it would have a negative impact on the economy of... Read More
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DMK should the last one to talk about telecom sector.... Members of their party only did the 2g scam ...
all telecom operators same. all r chor . they know how to cheat customers. even BSNL also. when i want…
Glad that the number is 9. I have 7 Jio SIM and 1 Vi SIM on my name. Cause only…
Rational Guys :
Baseless comments by retard politician. I think such politician who don't have senses in place should be couriered to ....…
Nukkad Wala Analsyt :
Nice step. People from special communities are invloved in buying bulk and duping majority.
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