DoT tells Airtel, Voda Idea, Jio to decide on AGR moratorium in 10 days

The Department of Telecommunications (DoT) has asked Bharti Airtel, Vodafone Idea and Reliance Jio to inform the government by October 29 whether they would opt for the four-year moratorium on adjusted gross revenue- (AGR-) related dues, which is part of the relief package approved last month. Further, three months have been given to service providers … Read more

Vodafone Idea denies Rs 10,000 crore promoter capital infusion news

On September 28, 2021, there was a media report that Promoters may invest Rs 10,000 crore in Vodafone Idea (VIL). The report quoted the source of information to be the government (Department of Telecommunication). However, on September 29, 2021, the Company denied that there is any such proposal under consideration by the board. Key points … Read more

Govt provides much needed ‘immediate’ relief to the telecom sector

Cash strapped Indian telecom sector was looking at the govt for long and govt abides… The much anticipated reforms are announced. Broadly they provide deferment of the immediate regulatory payments and a cleaner future process to operate. Key points – 4 year moratorium on all spectrum and Adjusted Gross Revenue (AGR) dues. However, interest would … Read more

AGR deferment has resuscitated the idea of a three-player market: Analysts

The government’s four-year breather to telecom companies from paying spectrum and adjusted gross revenue (AGR) has fired up the telecom stocks at the bourses in the past two trading sessions. While most brokerages have given a thumbs up to the development and suggest the provisions give some breathing space to Vodafone Idea (VI) – at … Read more

Telecom Watchdog wants govt to reject Vi plea for deferring payments

Vodafone Idea can raise funds through equity sale or promoters can infuse capital which can be used for clearing dues, non-profit entity Telecom Watchdog said in a letter to telecom minister while demanding rejection of the debt-ridden company’s request seeking more time to pay dues of Rs 8,292 crore.   Vodafone Idea (Vi) has approached … Read more

5G trials in India: DoT approves telcos’ applications for 5G trials; no Chinese tech for trials | India Business News

The Department of Telecom on Tuesday approved applications of telecom companies — Reliance Jio, Bharti Airtel, Vodafone and MTNL — for conducting 5G trials but none of them will be using technologies of Chinese entities. The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio’s indigenously developed technologies. … Read more