Page 38 - Bharti Airtel

Vodafone Idea extends gains for second day, soars 66% from Tuesday's low

Meanwhile, Bharti Airtel hit the high of Rs 550 in Thursday's early morning deals

Market Ahead, February 20: Top factors that could guide markets today

According to analysts, the Nifty is witnessing firm support in sub -12,100 zone

Top 10 biz headlines: Dish TV-Bharti Airtel deal, AGR crisis, and more

The Department of Telecom is still working on final adjusted gross revenue dues that service providers have to pay as it has detected variation in accounting practices adopted by different circle offi

DoT still working on final AGR dues due to varying accounting practices

Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT

Sunil Mittal, K M Birla meet FM on telecom crisis as AGR deadline closes in

It is learnt that the two telcos have proposed a few options to the Union government for consideration

Dish TV-Bharti Airtel deal called off due to differences over valuation

Essel promoters are now in talks with a global financial investor to pick up half their stake

Govt should offer one-time settlement to telcos, waive penalties: S C Garg

Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties. The massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues are pushing telecom firms to the brink. In a blog titled 'Rebuilding Telecom Business in India', Garg said the telecom crisis in India is not just limited to AGR-related issues. "Offer a one-time settlement scheme to the telecom companies (both operating and under resolution) to pay the principal due amount as per the AGR definition as contained in the licensing agreements and waive the penal interest and penalties. "Alternatively, appoint a board for Vodafone Idea Ltd by ousting the current board on the lines of action taken in the case of IL&FS and DHFL and secure a moratorium of some time on servicing of loans and government dues," he said. Garg noted that the telecom

What are AGR dues and how it threatens Vodafone-Idea's very existence

Shares of Vodafone Idea jumped 48 per cent to Rs 4.49 on the BSE on Wednesday on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now

Vodafone Idea default can raise India's fiscal deficit by 40 bps

The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn

Telcos expect ARPU to more than double by 2021; steep hike in bills likely

Clearly with the financial stress of telcos getting aggravated with the large imposts that they have to fork out due to the AGR order immediately, much of the bill will have be passed on to customers.

Fund managers bought Bharti Airtel, sold Reliance Industries in January

Large-cap holdings of equity MFs saw significant churn at the start of the new calendar year. Fund managers upped their wager on Bharti Airtel

Airtel, Voda Idea make part payment; DoT mulls encashing bank guarantees

While Airtel paid Rs 10,000 crore, Vodafone Idea Ltd put in Rs 2,500 crore and promised to pay another Rs 1,000 crore before the end of the week

Telcos' AGR dues: Will decide after hearing from DoT, says FM Sitharaman

Addressing a press conference in Bengaluru, Sitharaman said: "In light of court's orders, the department is engaging with telecom companies after the reviews and I will wait to hear from the dept"

Top headlines: Moody's India growth forecast, SC rejects Voda Idea's plea

From ONGC hitting lowest levels since Oct 2008 to Air India's disinvestment, here are the top headlines for the day

Bharti Airtel makes payment of Rs 10,000 crore to DoT towards AGR dues

The company said it will make payment of the balance amount after self assessment exercise

AGR verdict: Data could be the new Onion, Mr Ravi Shankar Prasad

The need of the hour could be to let Vodafone-Idea continue with the business providing them an extended rope to make the payments over a period of time, than to kill the "goose"

Market Ahead, February 17: Top factors that could guide markets this week

According to report, telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for the adjusted gross revenue dues today

Top events of the day: Telcos to pay AGR dues, Coronavirus, and more

Bharti Airtel, Voda Idea and Tata Teleservices are jointly liable to pay dues of over Rs 1 trn, but they have informed the DoT of making only partial payment, according their to representatives.

Without Voda Idea, Vodafone Group will become smaller than Airtel and Jio

Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain

Dispute between DoT and telcos over AGR definition took turn in 2007

In 2007-8, Telecom Disputes Settlement and Appelate Tribunal had narrowed the scope of AGR. Following this, the then UPA government went into an appeal