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AGR Dues

July 24th, 2019 11:36 AM 0 COMMENTS

NCLAT Dismisses Contempt Petitions Filed Against RCom Chairman Anil Ambani

The NCLAT on Tuesday dismissed contempt petitions filed against Reliance Group Chairman Anil Ambani and other officials by minority shareholders, alleging non-payment of dues by Reliance Infratel. A two-member bench headed by NCLAT Chairman Justice S J Mukhopadhaya dismissed the pleas against Ambani and officials after observing that consent terms agreed upon between RCom and minority shareholders, including HSBC Daisy Investments (Mauritius), for payment of dues can not be a... Read More

July 20th, 2019 5:08 PM 10 COMMENTS

Independent TV Customers Unable to Access Website to Claim Refund, DTH Operator Yet to Resume Operations

Independent TV has been in a tough spot over the last month or so as the company stopped providing services to the customers. Antrix Corporation, the satellite signal provider to Independent TV stopped serving the operator over an issue related to payment. Later on, both the parties had multiple court sessions during which the court approved re-connection of Satellite Signals for Independent TV. Right after the court order, Independent TV... Read More

July 12th, 2019 5:56 PM 0 COMMENTS

Dish TV Withdraws Petition Against Sony Pictures India Challenging Dual Pricing for Free and Pay Platforms

Prominent DTH service provider, Dish TV has withdrawn its petition which it filed in the Telecom Disputes and Settlement Appellate Tribunal (TDSAT) against Sony Pictures Network India (SPNI). In this petition, which Dish TV had submitted before the rollout of the new tariff regime in the industry, the DTH operator had challenged some of the clauses in the terms and conditions of the pre-NTO RIO. Now the DTH service provider... Read More

July 1st, 2019 6:50 PM 33 COMMENTS

Bharti Airtel Takes On Spectrum, Customers and Liabilities of Tata Teleservices After Merger

The merger process between Indian’s prominent telecom operator, Bharti Airtel and Tata Teleservices has been completed, confirmed the former. The Sunil Bharti Mittal led telecom operator had decided to merge its operations with Tata Teleservices’ consumer business, and as part of that, it will acquire the telco’s customers, spectrum, assets and the outstanding dues. Starting July 1, Bharti Airtel will be making use of Tata Teleservices’ airwaves as the telecom... Read More

May 9th, 2019 4:54 PM 0 COMMENTS

Anil Ambani’s RCom’s Bankruptcy Begins, Next Hearing on May 30

The National Company Law Tribunal Thursday allowed Reliance Communications (RCom) to exclude the 357 days spent in litigation and admitted it for insolvency. With this, RCom, which owes over Rs 50,000 crore to banks, has become the first Anil Ambani group company to be officially declared bankrupt after the NCLT Thursday superseded its board and appointed a new resolution professional to run it and also allow the SBI-led consortium of... Read More

April 11th, 2019 6:47 PM 0 COMMENTS

DoT Gives Conditional Approval to Airtel and Tata Teleservices Merger

The Department of Telecom has given approval for the merger of Tata Teleservices (TTSL) with Bharti Airtel, subject to the condition that the Sunil Bharti Mittal-led firm furnishes Rs 7,200 crore worth bank guarantee, a government official said to reporters at PTI. On April 9, telecom minister Manoj Sinha gave a conditional nod for the merger, the official said. Subsequent to the minister's approval, the official told PTI, that DoT... Read More

March 12th, 2019 1:36 PM 6 COMMENTS

DoT to Put Demand of Rs 15,000 Crore in Charges from Bharti Airtel and Tata Teleservices for Merger Clearance

The data tariff war kick-started by Reliance Jio started a consolidation stream in the industry. As a result, many companies shut operations, and a lot of merger and acquisitions happened. After the significant M&A of the Vodafone India and Idea Cellular, Bharti Airtel and Tata Tele Services are the next to go through a similar ordeal. In a new update, the Department of Telecommunications (DoT) has announced that Bharti Airtel... Read More

January 4th, 2019 10:02 PM 2 COMMENTS

RCom and Jio Approach DoT Seeking Clarification on Spectrum Trading Deal

Ambani brothers led telecom firms are learnt to have approached jointly telecom ministry seeking clarification on the stand of the government over their spectrum trading deal, industry sources said Friday. "Reliance Jio and Reliance Communications have jointly written to the Department of Telecom seeking clarification on its stand over spectrum trading deal between the two companies," an industry source told PTI. Another source said Mukesh Ambani-led Reliance Jio has reiterated... Read More

December 20th, 2018 5:55 PM 14 COMMENTS

Bharti Airtel and Tata Teleservices Merger Deal Receives Clearance from NCLT Mumbai Bench

In its bid to strengthen 4G network capacity and to bridge the gap in subscriber base between the telecom leader, Vodafone Idea, Bharti Airtel made the move to acquire the Tata Teleservices’ consumer mobility business last year. However, the acquisition was pending clearance from the National Company Law Tribunal (NCLT). In the latest revelation made by ET Telecom, the Mumbai bench of the NCLT has finally approved the Sunil Bharti Mittal... Read More

December 19th, 2018 3:20 PM 56 COMMENTS

DoT Rejects Reliance Jio and RCom Spectrum Trading Deal

In a new shocking turn of events, the Department of Telecommunications (DoT) has informed Reliance Communications and Reliance Jio Infocomm that it would not be able to clear their spectrum trading deal. This move is a new blow to the Anil Ambani led telecom operator, which stands under massive debt and has to repay its lenders at the shortest. As per an ET Telecom report, Reliance Jio earlier sent a... Read More

December 11th, 2018 6:53 PM 9 COMMENTS

RCom and DoT Go Hard on Legal Battle, Telco Files Contempt of Court Plea Against Department

Anil Ambani led telecom operator, Reliance Communications (RCom) has filed a contempt of court plea against the Department of Telecommunications (DoT) for not clearing its spectrum sale deal to Reliance Jio in the stipulated period. To recall, DoT had agreed to grant clearance to RCom for selling its assets to the Mukesh Ambani led telco to obtain cash for paring its debt. However, this recent plea in the Supreme Court... Read More

December 3rd, 2018 3:48 PM 16 COMMENTS

RCom Furnishes Corporate Guarantee of Rs 1,400 Crore to DoT, Inches Towards the Spectrum Sale to Jio

Reliance Communications today said its subsidiary Reliance Realty has furnished the corporate guarantee of Rs 1,400 crore to Telecom Department as directed by the Supreme Court, stepping closer towards concluding its spectrum sale to Reliance Jio. The Supreme Court on November 30, had asked the Department of Telecom (DoT) to give a no-objection certificate (NoC) to Reliance Communications to sell its spectrum to Reliance Jio, provided a corporate guarantee of... Read More

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