Page 4 - Dot

Voda Idea puts AGR dues at Rs 21,533 cr as Nick Read calls on FM Sitharaman

Telecom firm advised to pay up at least the principal amount before SC hearing

Vodafone Idea pegs dues at Rs 21,533 cr, less than half of DoT estimate

Beleaguered Vodafone Idea Ltd on Friday put its total dues to the government following a Supreme Court order at Rs 21,533 crore -- less than half of what the Department of Telecommunications (DoT) has estimated. On a day when Vodafone Group CEO Nick Read met top ministers, including Finance Minister Nirmala Sitharaman and Telecom Minister Ravi Shankar Prasad, the UK telecom giant's India joint venture, Vodafone Idea Ltd in a statement said it has already paid Rs 3,500 crore out of the "self-assessed" liability of Rs 21,533 crore. The DoT, following the Supreme Court ruling in October last year which said that all kinds of income generated by telecom companies will be considered for calculating government dues, had estimated Vodafone Idea's liabilities at over Rs 53,000 crore. On March 4, Minister of State for Communications & IT Sanjay Dhotre, in a written reply to a question in the Lok Sabha, stated that Idea Cellular owed the government Rs 15,230.37 crore and Vodafone Group of ..

Balance AGR dues of telcos pegged at Rs 1,30,440 crore: Govt in Lok Sabha

On speculations regarding shutting down of Vodafone Idea, Dhotre said no such information is available with the government

DoT to issue notices as AGR receipts add up to only Rs 24,000 crore

With significant discrepancies cropping up in the AGR math, the industry may be facing a fresh round of dispute

Top headlines: DoT finds gaps in telcos' AGR math; PM urges calm on Corona

From Tatas making additional AGR payment to why foreign lenders are rushing to invest in Indian retail banking space, here are top 10 headlines of the day

DoT to seek details of AGR calculation from telcos this week

DoT has found discrepancies in the amount paid by the telcos and the sum sought by the government

Tatas make additional payment of Rs 2,000 crore towards AGR dues: Report

The DoT is set to write fresh letters to telecom companies questioning them about the variation in AGR dues assessed by firms themselves and its own calculations

DoT's test checks on telcos' AGR dues assessment may start soon: Report

A DoT official said that "test checks" of AGR calculation for a sample year would commence shortly and it could be as early as this week at least for large telecom companies

AGR: Voda Idea seeks hike in mobile data to Rs 35 per GB, calls to 6p a min

Current mobile internet prices are in the range of Rs 4-5 per GB

AGR dues: Voda Idea seeks relief; asks DoT for Rs 8,000 crore GST refund

The company has so far paid Rs 3,500 crore in AGR dues

AGR dues: DoT seeks Rs 7,608 cr from GAIL for FY18, doesn't press for full

The telecom department had previously estimated past dues to the tune of Rs 1.83 trillion, but it does not seem to be pressing for immediate full payment from the state-owned gas utility

Govt asks telcos to submit supporting documents on AGR self-assessment

The DoT wants to ensure that the court-mandated criteria is being followed by companies in computing their AGR dues, the source added

Delay in relief package: BSNL unions call for hunger strike on Monday

In October 2019, the central government approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL

AGR issue: Top FinMin, NITI, DoT officials talk relief measures for telcos

The telecom department officials remained tightlipped after the high-level meeting on Sunday

DoT's test checks on telcos AGR dues standard audit procedure: COAI

Cellular Operators' Association of India (COAI) also cautioned that any decision to encash bank guarantees will be "disastrous" for the telecom industry, which only has three private players

Drill oil but dial telecom

Inclusion of non-telecom income in the overall calculation means the higher the oil price, the bigger the AGR share of the government

Govt officials meet to discuss relief measures for AGR-hit telecom industry

Telecom department officials remained tightlipped after high-level government meeting on Sunday, where officials from NITI Aayog and Finance Ministry are said to have been present

Govt approves merger of Indus Towers with Bharti Infratel: Report

The combination of Bharti Infratel and Indus Towers will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas

Govt takes a call to save telecom firms, but no relaxation likely on AGR

The Union government is of the view that there can be a debate on the quantum of payment and penalty but not on the fact that the companies have to make the payments

DoT to issue fresh notice to telcos calling for full payment of AGR dues

Won't let Tata Teleservices get away by paying only principal; Airtel and Vodafone Idea too have paid only in part; dept to seek legal advice on invoking bank guarantees