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AGR News

07 Sep 2020

Vodafone Idea rebrands itself, to go by brand name Vi

Vodafone Idea is a joint venture between Britain`s Vodafone and India`s Idea Cellular. It has recently approved plan to raise up to Rs 25,000 crore through a combination of equity and debt instruments. The upcoming fundraising will offer a lifeline to cash-strapped VIL.

07 Sep 2020

Vodafone Idea to make major strategic announcement– Here is what is expected

Vodafone Idea on Friday approved plan to raise up to Rs 25,000 crore. The fund-raising will throw a lifeline to cash-strapped VIL. It faces outstanding AGR dues of about Rs 50,000 crore.

02 Sep 2020

Vodafone Idea board to meet on Friday to consider fund raising

The board will also consider raising funds through securities. Besides, VIL's 11.15 per cent stake in Indus Towers has an estimated value of Rs 4,040 crore. Vodafone Idea has outstanding dues of Rs 58,250 crore till 2016-17.

01 Sep 2020

Telcos have 10 years to pay Adjusted Gross Revenue dues: Here're 10 points

The apex court asked telcos to pay 10 per cent of the AGR-related dues by March 31, 2021. The bench held that the demand made by the DoT and the verdict delivered by the top court in the matter are final. Failure to pay the instalments of the dues would incur penalty, interest and contempt of court.

01 Sep 2020

SC grants 10-year time to telecos to pay AGR-related dues to DoT

The apex court said telecos should pay 10 per cent of the AGR-related dues by March 31, 2021. A bench held that the demand made by the DoT and the verdict delivered by the top court in the matter are final. It cautioned the telecom firms and said that failure to pay installments of AGR-related dues would incur penalty, interest and contempt of court.

16 Jan 2020

SC dismisses Bharti Airtel, Vodafone Idea's pleas to review AGR judgement

The Supreme Court (SC) on Thursday (January 16) rejected the petition of the telecom companies to review its judgement passed on October 24, 2019 ordering the telecom companies to pay dues amounting to around Rs 92,000 crore over the companies’ Adjusted Gross Revenues (AGR).

24 Oct 2019

Setback for telcos as SC orders them to pay Rs 92,000 crore to government

It is to be noted that the legal tussle between the government and the telecom firms over the definition of AGR was ongoing for the last 14 years.

08 Mar 2017

Reliance Jio understated revenues, forex gains not included: Draft audit

Reliance Jio allegedly understated its revenues by over Rs 63 crore for three financial years as it did not include forex gains, resulting in "short payment" of licence fee, a draft audit report has said.

10 May 2015

Telcos gross revenue rises 9.5% in Oct-Dec 2014: Trai

The monthly average revenue per user (ARPU) of GSM operators increased by 5.8 percent year-on-year to Rs 118.

06 Jan 2015

TRAI recommends reducing USO levy to 3%

Telecom regulator TRAI Tuesday recommended that the USO levy, a part of licence fee paid by operators, should be reduced to 3 percent of their adjusted gross revenue (AGR) from the current 5 percent.

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