Telcos may seek DoT’s help as Trai refuses to discontinue bank guaranteesSenior executives at the top carriers said that bank guarantees (BGs) serve no purpose and block a lot of capital, which can otherwise be u...
Trai proposes over 50% cut in entry fee for licenses, rejects telcos call to scrap BGsThe Telecom Regulatory Authority of India (TRAI) has proposed to reduce entry fees for various licenses by over 50% in order to encourage n...
Oppo contests HC order in Nokia royalty case in SCIn their appeal, Oppo Guangdong Oppo Mobile Telecommunications Corp, Oppo Mobiles India, Realme Mobile Telecommunication (India), Oneplus T...
Vodafone Idea fails to renew bank guarantees amid financial constraints, seeks timeThe telco said that it has been unable to renew additional BGs as this requires 100% cash margin to be provided to the banks. According to ...
Scrap bank guarantees to free up more working capital, telcos tell TraiIn their submissions to the Telecom Regulatory Authority of India (Trai) on a paper around rationalisation of BGs and service entry fees, t...
Govt returns bank guarantees to Voda Idea, AirtelThe department didn’t mention the specific amounts worth of BGs that were returned. But an official said that BGs worth Rs15,000 crore were...
Telcos can defer annual AGR dues by 4 years, DoT may tell SCAs per the annual compliance report the government needs to submit to the Supreme Court each year, DoT will also inform that because of the...
Govt plans to return all bank guarantees to telecom companiesInstead, the telcos will be asked to refurnish bank guarantees (BGs) of an amount equal to their next payable instalment 13 months before i...
DoT returns bank guarantees worth around Rs 6,500 crore to Airtel, Vodafone IdeaThe BGs that are being returned were against license fees (LF) and spectrum usage charges (SuC).
Bank guarantees of telcos to be returned, govt likely to tell Supreme CourtBetween Vodafone Idea and Bharti Airtel, the DoT holds some Rs35,000 crore in BGs, out of which guarantees of around Rs 13,000 crore are re...
DoT amends voicemail, audio text and UMS license agreement for rationalisation of BGsDot has also sharply reduced the bank guarantees (BGs) operators need to furnish to the DoT during licensing agreements to 20% of the amoun...
Automatic approval route: Government allows 100% FDI in telecomAllowing 100% FDI in the telecom sector and reduction in BGs were part of the telecom reforms announced by the government on September 15. ...
DoT may seek legal view on bank guarantees against AGR duesSenior officials say just as BGs are asked against quarterly statutory dues such as licence fees and spectrum usage charges (SUC), the inte...
Airtel, Vodafone Idea urge DoT to lower bank guarantees for statutory dues“Both Airtel and Vi have written to the DoT to recalibrate the guarantees that telcos offer annually to the government. Their revenues have...
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Britain's BGS International to assist Geological Survey of India in its airborne geophysical programmeNottingham-based BGS International will assist the Geological Survey of India in implementing its airborne geophysical programme