
AGR Dues Dispute: Telcos Challenge DoT’s Additional Demands
Telcos Vi and Airtel challenge DoT's additional AGR dues demands post-SC order. Dispute centers on reassessment concerns and accounting completion. AGR dues and telecom firms are key.
Telcos Vi and Airtel challenge DoT's additional AGR dues demands post-SC order. Dispute centers on reassessment concerns and accounting completion. AGR dues and telecom firms are key.
Vodafone Idea challenges DoT's additional Rs 9,450 crore AGR dues demand, citing Supreme Court rulings. Vi highlights discrepancies and potential double-counting in DoT's calculations until FY17.
Indian government seeks $1B investment for Vodafone Idea (Vi) to reduce debt and maintain telecom market stability. Discussing AGR relief and stake dilution to attract investors and ensure Vi's survival.
Jio, Airtel & Vi's tariff hikes impacting ARPU and price-sensitive users. Experts predict further increases and potential shift to postpaid plans. Analysis of the telecom landscape.
Vi focuses on 5G rollout, reduced churn, and seeks AGR clarity for bank funding. Capex relies on internal accruals post-FPO, with ARPU improving slightly. Future funding strategies are being explored.
Indian mobile market sees subscriber gains driven by Jio and Airtel in Metro & A circles. Vi continues to lose users. Mobile number portability remains high, indicating customer churn. Industry outlook solid.
Government explores options to alleviate Vodafone Idea's (Vi) AGR dues burden, including extending payment periods and converting interest, to prevent collapse and protect its investment. Key dues stand at ₹84,000 crore.
Telecom industry AGR grew 1.7% in FY25's last quarter, but Vodafone Idea & BSNL saw declines. Overall minutes of usage increased. Subscriber base decreased by 0.11%.
Vi faces financial struggles and potential cash shortages beyond 2029 despite government relief efforts. AGR dues and funding challenges threaten its long-term sustainability. Relief package is being considered.
Telecom operators, including Airtel & Vodafone Idea, seek waivers on interest & penalties related to AGR dues. Supreme Court rulings impact financial stability. Government considers options.
Vodafone Idea seeks AGR dues waiver, faces financial strain. Government stake could rise to 49%. Supreme Court to hear appeal. Telecom competition concerns raised. Key issues: AGR, debt, and survival.
Airtel added 4.7M active users in January, while Jio remained flat. Vi lost 0.7M, highlighting its financial challenges. Airtel's M2M market leadership strengthened. Active users growth
India's leading telcos face a 5G capex downturn due to lacking use cases and delayed monetization. Airtel & Jio focus on revenue and FWA. Vi's 5G rollout hinges on debt raise. 5G investments normalisation impacts Ericsson.
The latest development comes only weeks after VI chief executive Akshaya Moondra had appealed to Department of Telecommunications (DoT) secretary Neeraj Mittal to urgently allow equity conversion of the telco’s upcoming adjusted gross revenue (AGR) and purchase dues relating to the 2012, 2014, 2015 and 2016 spectrum auctions as the cash-strapped company braces for a spike in regulatory payouts.
The government's decision to convert Rs 36,950 crore dues of Vodafone Idea (VIL) into equity is a "major" and "timely" display of support that will offer significant cash flow relief to the telco in the next three years and help it complete long-delayed bank debt raise, Citi said on Monday.
Telecom firms were not responsible for the delay in implementation of the regulations, including the DCA, the tribunal observed, adding: "Thus, it is unfair and arbitrary on the part of the respondent to impose financial disincentives on the appellants (telcos) for something which was beyond their control."
New Delhi: Leading telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) continued their active subscriber losing streak in November, impacted by tariff hikes in July last year and churn in low-paying users, according to brokerages.