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Telcos seek government intervention to resolve industry woes, AGR definition: COAI

COAI Director General Lt Gen SP Kochhar told PTI that the telecom sector needs to make huge investment in infrastructure and needs regulatory support, review of the adjusted gross revenue (AGR) definition, GST exemption on AGR dues, promises made in National Digital Communications Policy 2018 for ease of doing business etc.
The sector narrowly escaped financial collapse following the apex court upholding the government’s method to calculate revenue share with telecom operators.(HT File Photo)
The sector narrowly escaped financial collapse following the apex court upholding the government’s method to calculate revenue share with telecom operators.(HT File Photo)
Published on Dec 28, 2020 07:19 PM IST
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New Delhi | By Press Trust of India | Posted by Srivatsan K C

Vodafone Idea shares fall nearly 13% after AGR verdict

The Supreme Court on Tuesday granted 10 years to telecom firms such as Vodafone Idea, Bharti Airtel and Tata Teleservices for paying the AGR-related dues to the Department of Telecommunications with certain conditions.
Vodafone Idea shares tanked 12.76 per cent to close at Rs 8.89 apiece on BSE.(Reuters)
Vodafone Idea shares tanked 12.76 per cent to close at Rs 8.89 apiece on BSE.(Reuters)
Updated on Sep 01, 2020 05:31 PM IST
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New Delhi, Delhi | By Press Trust of India | Posted by Shivani Kumar

Sensex, Nifty close in green despite sharp dip in Q1 GDP, Airtel top winner after AGR verdict

Among stocks, Bharti Airtel was the top winner with a gain of 7.1 per cent at Rs 549.60 per share. Vodafone Idea, however, dipped by 12.7 per cent to Rs 8.89 per share. +
The BSE S&P Sensex closed 273 points or 0.71 per cent up at 38,901 while the Nifty 50 gained by 83 points or 0.73 per cent at 11,470.(PTI)
The BSE S&P Sensex closed 273 points or 0.71 per cent up at 38,901 while the Nifty 50 gained by 83 points or 0.73 per cent at 11,470.(PTI)
Updated on Sep 01, 2020 05:20 PM IST
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Mumbai, Maharashtra | By Asian News International | Posted by Shivani Kumar

Telecoms get 10 years to repay AGR dues: 10 things to know about the case

If a company fails to repay installments of its adjusted gross revenue (AGR) dues to the government, it will be punishable for contempt of court, the Supreme Court has ruled.
Telecom firms now need to clear their adjusted gross revenue (AGR) dues in a staggered manner over the next 10 years.(Reuters Photo)
Telecom firms now need to clear their adjusted gross revenue (AGR) dues in a staggered manner over the next 10 years.(Reuters Photo)
Updated on Sep 01, 2020 04:13 PM IST
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Hindustan Times, New Delhi | By hindustantimes.com | Edited by Kanishka Sarkar

Supreme Court gives telecom companies 10 years to clear AGR dues

On August 21, the Supreme Court had directed the department of telecommunications to apprise it the basis of spectrum sharing done by telecom companies and how much is the liability of the sharers.
The Supreme Court delivered its verdict on Tuesday in the AGR dues case.
The Supreme Court delivered its verdict on Tuesday in the AGR dues case.
Updated on Sep 01, 2020 02:48 PM IST
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Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi

IBC may strip govt’s AGR dues, says Supreme Court

The court’s observation implies it wants to ensure the government, classified as an operational creditor under the bankruptcy code, redoubles its efforts to recover dues, legal experts said.
A three-judge bench said any successful resolution applicant for the bankrupt telcos can deny paying the AGR dues after spectrum is transferred under the Insolvency and Bankruptcy Code (IBC).(Sanchit Khanna/HT PHOTO)
A three-judge bench said any successful resolution applicant for the bankrupt telcos can deny paying the AGR dues after spectrum is transferred under the Insolvency and Bankruptcy Code (IBC).(Sanchit Khanna/HT PHOTO)
Updated on Aug 21, 2020 08:16 AM IST
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Mint, New Delhi | By Ishita Guha and Prathma Sharma

Clarify stand on Jio’s liabilities: Supreme Court

Reliance Jio, in a written submission on Monday, told the Supreme Court that there is no legal basis for transferring bankrupt RCom’s dues, AGR or otherwise, to Jio as the two telecom operators are in a spectrum-sharing agreement and do not share liabilities.
Mobile sim card packets for Jio Platforms Ltd., the mobile network of Reliance Industries Ltd., are displayed at a store in Mumbai.(Bloomberg File Photo)
Mobile sim card packets for Jio Platforms Ltd., the mobile network of Reliance Industries Ltd., are displayed at a store in Mumbai.(Bloomberg File Photo)
Updated on Aug 18, 2020 06:29 AM IST
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Mint, New Delhi | By Ishita Guha and Japnam Bindra

Jio to contest RCom’s liabilities in Supreme Court

Mukesh Ambani-controlled Jio has been using RCom’s 800 megahertz spectrum under an asset-sharing agreement since 2016 when Jio launched its operations.
KV Vishwanathan, counsel for Jio, told the Supreme Court on Friday that the company is paying SUC to the government.(Reuters File Photo)
KV Vishwanathan, counsel for Jio, told the Supreme Court on Friday that the company is paying SUC to the government.(Reuters File Photo)
Updated on Aug 17, 2020 05:25 AM IST
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Mint, New Delhi | By Ishita Guha

On the AGR issue, the court must keep in mind the greater common good | Opinion

Can it resurrect the judgement seat of Vikramaditya in resolving this thorny issue ?
The Supreme Court is one our finest institutions and has displayed great wisdom over decades in pronouncing thoughtful, well rounded judgments and meted justice with an unquestionable fairness to all concerned. Though there have been rising instances of judicial overreach over the last decade, the Adjusted Gross Revenues (AGR) proceedings seem to be in quite a different bracket.(Amal KS/HT PHOTO)
The Supreme Court is one our finest institutions and has displayed great wisdom over decades in pronouncing thoughtful, well rounded judgments and meted justice with an unquestionable fairness to all concerned. Though there have been rising instances of judicial overreach over the last decade, the Adjusted Gross Revenues (AGR) proceedings seem to be in quite a different bracket.(Amal KS/HT PHOTO)
Updated on Jun 25, 2020 05:05 AM IST
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By Prabal Basu Roy

Supreme Court pulls up DoT for claiming AGR dues from PSUs

On Thursday, a Supreme Court bench asked the telcos to file a joint affidavit giving a reasonable time-frame for repaying dues, measures to ensure timely payment and securities, undertakings and guarantees that they need to furnish.
The Supreme Court granted three days to the Department of Telecommunications (DoT) to reconsider demands.(HT Photo)
The Supreme Court granted three days to the Department of Telecommunications (DoT) to reconsider demands.(HT Photo)
Updated on Jun 12, 2020 02:57 AM IST
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Mint, Delhi | By Japnam Bindra

No going back on AGR judgment, Supreme Court tells govt, telecom companies

The government had filed an affidavit ahead of the hearing seeking approval for staggered payment of AGR dues, but the Supreme Court lashed out at Department of Telecom for the move.
The Supreme Court on Tuesday heard Centre’ petition seeking approval for staggered payment for AGR dues by telecom companies.(Sunil Saxena/HT Photo)
The Supreme Court on Tuesday heard Centre’ petition seeking approval for staggered payment for AGR dues by telecom companies.(Sunil Saxena/HT Photo)
Updated on Mar 18, 2020 12:03 PM IST
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Hindustan Times, New Delhi | By HT Correspondent

Vodafone global CEO seeks meeting with telecom minister

The meeting of Vodafone’s top executive comes at a time when the company is facing a survival crisis.Vodafone Idea is the worst hit by the Supreme Court's AGR verdict with over 50,000 crore in past dues
Vodafone has asked the government for urgent relief and also suggested that licence fee and spectrum usage charges be reduced. Photo: Reuters
Vodafone has asked the government for urgent relief and also suggested that licence fee and spectrum usage charges be reduced. Photo: Reuters
Updated on Mar 03, 2020 11:39 AM IST
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Livemint | By Navadha Pandey

No decision on relief to telcos at DCC meet amid AGR crisis: Report

DCC members include secretaries of Ministries of Finance, Commerce, and Electronics and IT, as well as CEO of NITI Aayog, besides top officials of the telecom department.
The telecom department officials continue to maintain that the meeting did not focus on AGR issues but on project implementation for PPP on Bharat Net project.(REUTERS (Image for representation purpose))
The telecom department officials continue to maintain that the meeting did not focus on AGR issues but on project implementation for PPP on Bharat Net project.(REUTERS (Image for representation purpose))
Published on Feb 28, 2020 02:15 PM IST
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New Delhi | By Press Trust of India

No decision yet on relief for telcos as more details sought

The SC had last year upheld the government’s definition of adjusted gross revenue.Digital Communications Commission met on Friday, following a series of meetings between Birla and top government officials.
Mobile telephony dominates Indian telecom market with 98% market share.(Photo: Mint)
Mobile telephony dominates Indian telecom market with 98% market share.(Photo: Mint)
Updated on Feb 29, 2020 05:48 AM IST
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Livemint | By Navadha Pandey

Speed up AGR calculation, show proof: DoT tells telcos

The Supreme Court had on February 14 pulled up telcos and government officials for failing to comply with its October 2019 verdict ordering telcos to pay up their dues to the government after a prolonged wrangle over the definition of AGR.
Birla met telecom secretary Anshu Prakash on Tuesday and followed it up with a meeting with finance minister Nirmala Sitharaman on Wednesday.(Sonu Mehta/HT PHOTO)
Birla met telecom secretary Anshu Prakash on Tuesday and followed it up with a meeting with finance minister Nirmala Sitharaman on Wednesday.(Sonu Mehta/HT PHOTO)
Updated on Feb 25, 2020 04:16 PM IST
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Hindustan Times, New Delhi | By Navadha Pandey and Dhirendra Tripathi

Govt responds to SOS from telecom companies, looks at 3 options to help them

This position — that the dues as measured by a proportion of adjusted gross revenues or AGR be paid — was one upheld by the Supreme Court’s October 2019 verdict that ordered telcos to pay up Rs 1.47 lakh crore.
DoT last week asked all telecom companies to repay AGR dues immediately as per the October 24, 2019 verdict of the Supreme Court.(REUTERS)
DoT last week asked all telecom companies to repay AGR dues immediately as per the October 24, 2019 verdict of the Supreme Court.(REUTERS)
Updated on Feb 21, 2020 11:08 AM IST
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Hindustan Times, New Delhi | By Rajeev Jayaswal

‘Unprecedented crisis’: Airtel’s Sunil Mittal meets telecom minister on AGR dues

Mittal further said the industry is heavily taxed and suggested cut in taxes and levies for sector. He said Airtel has time till March 17 to make balance payments, adding that the company will pay its dues “much before that”.
Mittal said Airtel is committed to complying with the Supreme Court order on adjusted gross revenue (AGR) dues.(Bloomberg File Photo)
Mittal said Airtel is committed to complying with the Supreme Court order on adjusted gross revenue (AGR) dues.(Bloomberg File Photo)
Updated on Feb 20, 2020 08:13 PM IST
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Hindustan Times, New Delhi | By HT Correspondent

Amid SC order on Telecom dues, Airtel and Vodafone chiefs meet Finance Minister

The meeting comes a day after Birla met telecom secretary Anshu Prakash.Vodafone encashment of bank guarantee would leave it with no option but to shut
Kumar Mangalam Birla, Vodafone Idea chairman.(Mint Archive)
Kumar Mangalam Birla, Vodafone Idea chairman.(Mint Archive)
Updated on Feb 19, 2020 10:19 PM IST
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Livemint, New Delhi | By Dhirendra Tripathi

Vodafone Idea says it will pay AGR dues, continuation of biz depends on SC order

The company said it is in the process to pay adjusted gross revenue dues as per the Supreme Court order. However, the continuation of business in India will depend on favourable order on its modification plea filed before the apex court, it added.
FILE PHOTO: A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, India March 20, 2017. REUTERS/Danish Siddiqui/File Photo(REUTERS)
FILE PHOTO: A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, India March 20, 2017. REUTERS/Danish Siddiqui/File Photo(REUTERS)
Updated on Feb 15, 2020 06:22 PM IST
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New Delhi | By Press Trust of India

Supreme Court rejects plea by telecom companies to review AGR judgement

The matter pertained to the Department of Telecom (DoT) claiming that telecom companies had under reported their revenues.
The Supreme Court ruling has led to Rs 92,000 crore penalty on telecom companies(Amal KS/HT Photo)
The Supreme Court ruling has led to Rs 92,000 crore penalty on telecom companies(Amal KS/HT Photo)
Updated on Jan 16, 2020 05:43 PM IST
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Hindustan Times, New Delhi | By HT Correspondent

Telecom firms seek open court hearing in Supreme Court of review petition against AGR ruling

The Supreme Court has asked the telecom companies to pay Rs 92,000 crore in AGR case.(Reuters Photo)
The Supreme Court has asked the telecom companies to pay Rs 92,000 crore in AGR case.(Reuters Photo)
Updated on Jan 08, 2020 12:17 PM IST
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Hindustan Times, New Delhi | By Murali Krishnan
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Wednesday, October 27, 2021