Adjusted Gross Revenue

The top court on October 27 said that any decision on granting relief to Vodafone Idea falls within the government’s policy domain

Telecom minister Scindia rules out any more govt relief for Voda Idea: Report

Jyotiraditya Scindia said that Vodafone Idea won’t be bailed out further through the equity conversion route

Govt examining proposals from 3 telcos keen to covert pending dues into equity: Telecom Minister tells Rajya Sabha

The minister -- responding during Question Hour to a query if the government has any equity in private telecom firm Vodafone -- said a one-time option was given to telecom companies to either pay upfront the interest on AGR dues or convert it in the form of equity in lieu of that as part of the structural reforms announced in September last year.

Vodafone Idea CEO says any equity conversion by govt will be in line with the rules, promoters to support fundraising plans

Vodafone Idea Limited is waiting for the government to spell out the final guidelines for the telecom relief package it announced earlier this month. The government allowed a four-year moratorium on the spectrum and adjusted gross revenue (AGR) dues and an option to pay principal and interest by way of equity.

Cabinet approves four-year moratorium on telecom company dues in a boost for Vodafone Idea

The government made a raft of structural changes to offer relief to the embattled telecom industry and announced a four-year moratorium on payment of adjusted gross revenue and spectrum dues to help companies, in particular Vodafone Idea, to manage cash flows. The moratorium comes with a Marginal Cost of Funds based Lending Rate (MCLR) + 2 percent, making it revenue-neutral for the government.

Cabinet approves major reforms in telecom sector, here are key highlights

With the measures, the government is looking to boost 4G proliferation, infuse liquidity and create an enabling environment for investment in 5G networks with the new set of reform measures.

Cabinet approves moratorium of four years for telcos to pay AGR dues

The decision is expected to offer interim cash flow relief to the sector where two of the three largest private telcos are saddled with dues.

VIL's balancesheet woes may impact financial lenders, others; govt support critical: ICRA

The support can be by way of deferment of spectrum dues, cut in levies, reduction in interest rates, and a combination of relief measures could aid financial profile and the structure of the industry.

'Lot of officials' talking on Vodafone Idea stress, nothing has come to me: FM Sitharaman

The financial health of India's number three phone operator -- Vodafone Idea Ltd -- is a concern for its lenders after the Supreme Court last month rejected its petition to reassess back dues to the government.

Analysis | After Q1, Centre’s revenue position looks comfortable; divestment concerns remain

The first quarter has been relatively encouraging on the tax and non-tax revenue front, and the Centre’s fiscal position is comfortable for now, even with additional expenditure. However, the government needs to pick up the pace on privatisation

Telecom Watchdog wants govt to reject Vi plea for deferring payments

Telecom Watchdog in a letter dated July 3 alleged that there is no basis in Vi representation that investment is not coming to India due to lower tariffs and these "false claims by VIL are made with an ulterior motive to avoid payment of the next instalment of government dues."

Investors unwilling to put in money unless tariffs rise, industry health improves: Vodafone-Idea writes to DoT

Apart from this, the private telecom firm requested the DoT to extend the duration to pay its Rs 8,292 crores dues -- related to spectrum purchased in auctions -- by one year, i.e. from April 9, 2022 to April 2023.

Telecom department to start bidding for spectrum auction from March 1

The Union Cabinet had approved a proposal for the auction of 2,251.25 Megahertz (MHz) of spectrum worth Rs 3.92 lakh crore at the base price on December 17, 2020.

Telecom dept likely to issue notice for spectrum auction this week

The Digital Communications Commission, the apex decision making body of the DoT, in May last year approved the spectrum auction plan worth Rs 5.22 lakh crore which included radiowaves for 5G services as well.

AGR Liability | Vodafone and Bharti provisions for govt dues are not a favour to DoT or SC. It’s per the law of the land

The Committee of Secretaries set up to examine the telecom sector should ignore the petulance of incumbents.

Bharti Airtel expresses doubt over continuing operations as 'going concern'

Last month, Bharti Airtel had postponed the release of its full Q2 earnings to November citing the uncertainty in the sector in the wake of the court ruling on definition of telecom revenues.

TDSAT notice to DoT over increase of Internet licence fee

Telecom tribunal TDSAT has asked the government to file a reply over the plea of Internet service providers opposing imposition of licence fee of 4% of their adjusted gross revenue (AGR).