Vodafone Idea and Bharti Airtel might soon hike the prices in the prepaid smartphone users segments to elevate the resources and increase the cash generation to cater to the upcoming AGR dues burden and other payment defaults. As reported by ET Telecom, a price hike in the prepaid smartphone user segment will be beneficial for the telcos as it generates the bulk of telco revenues. The renowned entity Goldman Sachs... Read More
Vodafone Idea is taking all the necessary steps to reduce the AGR liability and eliminate the financial burden. In the latest development, the cash-strapped telco is planning to file a review petition in the Supreme Court to have its AGR dues recalculated and reduced. As reported by ET Telecom, if the review of the Vodafone Idea will be rejected, the telco will still have the option of a curative petition.... Read More
One of the heaviest financial burdens which the telecom companies in India face right now includes the Adjusted Gross Revenue (AGR). The Department of Telecommunications (DoT), after winning the fifteen-year long legal battle, had slapped these charges on the telecom companies. The older telecom companies now stand on the edge with regards to these dues as they are the ones to shoulder this burden. Bharti Airtel, Vodafone Idea, and Tata... Read More
The two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) owe the Department of Telecommunications (DoT) thousands of crores in adjusted gross revenue (AGR) dues. To be precise, BSNL and MTNL together owe around Rs 10,000 crores to the DoT for AGR dues. Individually, BSNL has dues of Rs 5,835 crores and MTNL of Rs 4,352 crores. According to a PTI report, the AGR... Read More
Bharti Airtel, India’s second-largest telco, had flared up the highly debated question from the adjusted gross revenue (AGR) dues case last year. The Supreme Court (SC) had posed a fundamental question asking should the telcos be able to sell spectrum if they have pending AGR dues on it. Later on, the question came down to the principle of ‘which’ party will pay the dues. Should the telco ‘selling' the spectrum... Read More
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
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Thank you Rupesh for good realistic long writing on Vi and BSNL.??
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