Telecom regulator Trai has issued a show-cause notice to Vodafone Idea over the contentious priority plan, saying the offer lacks transparency, is misleading and not in compliance with regulatory principles.
Vodafone Idea | azlyrics.org.uk
Vodafone Idea on Monday approached the telecom tribunal TDSAT against the sectoral regulator Trai’s missive to put on hold its plan that promised faster speeds to priority users.
Telecom operator Vodafone Idea has submitted about Rs 1,367 crore to the govt towards licence fee and spectrum usage charges for the recently-concluded March quarter. Sources said that the telecom department has received the payment made by Vodafone Idea along with other operators. When contacted, Vodafone Idea spokesperson declined to comment on the latest payment.
Bharti Airtel, Vodafone Idea and Tata Group’s self-assessment of dues to the government are a whopping Rs 82,300 crore short of what the telecom department calculated after the Supreme Court’s ruling on AGR (adjusted gross revenue).
The government will form an expert group to decide over Rs 82,300-crore disputed AGR (adjusted gross revenue) claims that have arisen due to differences between the outstanding payment sought by the telecom department (DoT) and those claimed by private telecom companies such as Vodafone Idea, Airtel and Tata Group.
Loss-making telecom operator Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the department of telecom (DoT), thereby completing payment of principal amount calculated on self-assessment basis. With this fresh payment, Vodafone Idea (VIL) has paid Rs 6,854 crore towards AGR dues.
Vodafone Global CEO Nick Read has told the government that the company wants to make a new and good beginning in India, according to sources. Read — who met finance minister Nirmala Sitharaman and telecom minister Ravi Shankar Prasad separately on Friday — sought government assistance to keep Vodafone Idea afloat, the sources added.
Cash-strapped, struggling operations of Vodafone Idea saw a glimmer of hope to raise funds with the department of telecom (DoT) approving the merger of Indus Towers with Bharti Infratel to form one of the world’s largest tower companies.
India faces a multi-billion-dollar hit to economy and a tarnished reputation as a place for multinationals to invest unless it can keep Vodafone Idea in business. With 13,000 direct employees & loans from banks of about $3.8 billion, Vodafone Idea’s potential exit would send shockwaves through India’s economy, which is already growing at its slowest … Continue reading If Vodafone Idea disconnects, India picks up the bill
The department of telecom (DoT) on Friday ordered Bharti Airtel, Vodafone Idea and others to pay their AGR (adjusted gross revenue) dues by 11:59 pm Friday. The order comes just hours after the SC issued notice to the companies and their directors to explain why contempt proceedings shouldn’t be initiated against them for not paying … Continue reading DoT orders telecom companies to clear dues by midnight
Vodafone Idea on Thursday reported widening of losses to Rs 6,438.8 crore in October-December 2019 against Rs 5,004.6 crore in the year-ago period as the AGR (adjusted gross revenue) dues-hit telco reeled under the impact of increased finance costs and higher depreciation of assets.