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AGR WOES
Vodafone Idea shares jump 8% to 4-month high. What’s driving the rally amid stock market crash?Vodafone Idea shares surged over 8% to a four-month high after reports suggested parent Vodafone Group may transfer part of its stake to th...- Setback for Vi, Airtel as SC rejects pleas on AGR duesThe Supreme Court has dismissed curative petitions by telecom companies like Vodafone Idea and Bharti Airtel, seeking relief from penalties...
- SUC in FYQ3 plunges over 42% vs FYQ2, Airtel outpaces Jio on AGR: Trai dataTrai has also included the applicable gross revenue (ApGR) numbers for the telecom sector in the December quarter performance report. This ...
- 4-year moratorium on AGR, spectrum payments in India's plan to prevent a Mukesh Ambani-led telecom duopolyThe government is also evaluating whether to take a small stake in financially struggling Vodafone Idea, in order to allay investor concern...
- Cabinet skips telecom department's proposal on a health package for sectorThe Cabinet on Wednesday did not consider the telecom department’s proposal to improve the health of the sector, dashing Vodafone Idea’s ho...
- No decision taken by Cabinet on telecom relief packageThe cabinet was widely expected to take a decision on a so-called relief package for the telecoms industry, which would have helped all wir...
- Voda Idea stock falls after Cabinet doesn't take up relief packageThe Department of Telecommunications (DoT) has proposed a four-year moratorium on adjusted gross revenue (AGR) and spectrum payments apart ...
- Why Bharti Airtel and other telecom stocks are rallying in a weak marketShares of Tata Communications climbed 10.10 per cent to Rs 1,480.70. Shares of Bharti Airtel were up 3.67 per cent at Rs 560.30. Vodafone I...
- Dismissal of plea on re-computation of AGR dues body blow for debt-laden VIL, say analystsThe Supreme Court on Friday dismissed the applications filed by telecom majors, including Vodafone Idea and Bharti Airtel, seeking rectific...
- Pricing revival crucial for telcom sector: Vodafone Idea chairman Kumar Mangalam BirlaThe telco’s CEO Ravinder Takkar also clarified that British parent Vodafone Group's win against the Indian tax authorities in the arbitrati...
- AGR woes: No decision on relief to telcos at DCC meet; DoT officials say more AGR-data neededThe crucial meeting of Digital Communications Commission (DCC) on Friday could not arrive at a decision on relief to the distressed telecom...
- Icra keeps negative outlook, says SC blow tough for operatorsAlthough clarity is awaited on the final outcome of review petitions filed by operators in the Supreme Court, Icra believes that in case AG...
- ICRA maintains negative year-end outlook for telecom industryThe Oct 24 order by the top court on AGR has added to the woes of already distressed telcos.
- Jio boxed into corner; CII, FICCI join cause to seek relief for telcosIn an apparent attempt to counter billionaire Mukesh Ambani-run Jio's narrative on the issue, rival industry associations CII and FICCI hav...
- Trai chief meets Voda Idea CEO, others industry officials to identify priority issues for 2020Sources said that floor price and redefining adjusted gross revenue (AGR) were among key issues that were flagged by the industry represent...
- Icra downgrades Bharti Airtel’s long-term rating to “AA-“ from “AA”The agency said the ratings continue to remain under watch with negative implications.
- Vodafone Idea believes govt won't be in conflict with SC on telco relief: BrokeragesVodafone Idea faces a liability of Rs 44,150 crore after the Supreme Court order.
- Telecom stress: Secretary panel may seek legal opinion on optionsGovernment to assess if it has right to grant waiver and whether there are any precedents.
- Committee of Secretaries to suggest measures to mitigate financial stress in telecom sectorWhile the terms of reference of the panel do not explicitly mention the SC ruling of October 24, it has been asked to look at suggestions f...
- DoT seeks nod to get tower firms under unified licensingTelecom tower providers are desperate for funds amid a rough patch in terms of lack of orders and finances as a slowdown in the sector and ...
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