Agr Dues

Airtel MD said the company welcomes the apex court’s clarification, which permits the government to undertake a detailed reassessment of the dues

Vodafone Idea's share rise 6 percent as plea against DoT's AGR demand tentatively listed for hearing on September 19

The telecom firm had moved the Supreme Court seeking to quash the additional demand of AGR dues worth Rs 9,450 crore by the DoT, and argued that the demand exceeds the scope of the Court’s earlier ruling on AGR liabilities.

Vodafone Idea moves SC against DoT's calculation behind fresh AGR dues

Vodafone Idea has filed a petition before the Supreme Court challenging the AGR calculation, Moneycontrol has learnt.

Vodafone Idea shares slumps 9% after govt clarifies no fresh discussion on AGR relief

Minister of State for Communications Pemmasani Chandra Sekhar had told Moneycontrol on August 25 that there is no plan under consideration to extend further relief other than what has been already extended.

SC dismisses Vodafone, Airtel, Tata petition seeking waiver of AGR dues

Calls petitions misconceived, SG says relief not possible because of court rulings.

Vodafone Idea near day's high on filing fresh SC plea seeking Rs 30,000 crore as AGR relief

The telecom company has said that the Centre, with 49 percent stake, is handicapped in granting relief due to the AGR judgment.

Setback for Voda Idea, Airtel as AGR waiver may not be on cards: CNBC-TV18

A proposal had been floated by the DoT, as per which 50% waiver on interest component was being considered, and a 100% waiver on the penalty and interest on penalty, which was reportedly under consideration.

Vodafone Idea shares jump 10%, telecom stocks surge as reports say Centre mulling waiver of substantial portion of AGR dues

The Centre's proposal reportedly includes waiving 50 percent of interest and 100 percent of penalties and interest on penalties, according to sources.

Vodafone Idea skyrockets 17% as cabinet clears bank guarantee waiver for telcos

Indian telecom operators, primarily Bharti Airtel and Vodafone Idea, collectively bear over Rs 30,000 crore in bank guarantee obligations.

Indus Towers shares surge over 5% on CITI's buy rating; multibagger telco stock up 102% YTD

Indus Towers shares surged after CITI issued a 'buy' call stating that the recent Supreme Court dismissal of the AGR petition will not have an immediate impact on Vodafone Idea’s cash flows.

Brokerages flag debt concerns after SC rejects Vodafone Idea's AGR plea, shares extend losses

Vodafone Idea’s big problem, even after its FPO and tariff hikes, is its highly stretched balance sheet, with liabilities of Rs 2.5 lakh crore, said brokerages.

Favourable SC ruling may slash Vodafone Idea's AGR dues by 46%, say analysts

Vi is looking to convert government dues payable in FY26 and FY27 to equity, further diluting the stakes of its shareholders.

Vodafone Idea stock up 2% as Supreme Court agrees to hear AGR dues plea

Existential thread: The AGR dues, penalty, and interest on penalty are so heavy that it challenges the existence of the company, Vodafone Idea said in a statement.

Voda Idea zooms 21% as govt clears conversion of debt to equity

Vodafone Idea will be converting Rs 16,133 crore of debt into equity. After the conversion, the government will own 1613 crore shares in the firm, which roughly translates into 33 percent stake.

Vodafone Idea, ATC extend last date for subscription of Rs 1,600-crore OCDs to Feb 28

The subscription of OCDs would depend on the government's nod to the conversion of VIL's interest dues into equity.

SEBI clears Centre's proposal to turn Vodafone Idea dues into equity: Report

The government's stake in Vodafone-Idea after the conversion could be more than 30 percent, which would make it one of the largest shareholders in the company along with UK's Vodafone Group and Aditya Birla Group, the report added

Conversion of Vodafone Idea's AGR-related dues into equity gets finance ministry nod: Report

Once the conversion is finalised, the government is expected to own around 33 percent stake and become single largest shareholder in the cash-strapped telecom company

Bharti Airtel accepts 4-year moratorium on spectrum, AGR payments

Bharti Airtel Chairman Sunil Mittal had last month said the company will opt for payment moratorium and redirect the cashflow to aggressively build networks.

Vodafone Idea opts for four-year moratorium to clear AGR dues

With this announcement, Vodafone became the first telecom to accept the Department of Telecommunications (DoT)’s four-year moratorium on AGR dues, which is part of the recently launched telecom relief package.

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.

Videocon AGR dues: SC restrains Centre from encashing Airtel's bank guarantee for three weeks

A Department of Telecommunications notice, issued to Bharti Airtel on August 17, warned that failure to make payment will result in invocation of its bank guarantees.

Govt to find solution to issue of telecom dues, says Revenue Secretary

Nearly Rs 15,900 crore of non-adjusted gross revenue (AGR) spectrum dues became payable from April 2022.

Vodafone India promoters consider stake dilution to raise capital for ballooning dues: Report

Talks are on with at least five investors for sale of shares and convertibles combination to raise capital for the telco to repay bank and government dues

Telecom analysts: Centre realistic with its non-tax revenue targets for 2021-22

Budget documents released on February 1 show that the government has slashed its budgeted telecom non-tax receipts for 2021-22 by 60 percent to Rs 53,987 crore. In the previous budget (2020-21), the government had set an ambitious revenue target of Rs 1.33 lakh crore but had later revised it to Rs 33,737 crore.