Vodafone Idea Ltd., one of India's prominent telecom operators, has successfully finalised a monumental $3.6 billion deal with technology giants Nokia, Ericsson, and Samsung. Announced on September 22, this strategic partnership aims to bolster the company's network infrastructure over the next three years, positioning Vodafone Idea to remain competitive in an increasingly dynamic telecommunications market as detailed in a filing with BSE.

This collaboration not only reinforces Vodafone Idea's long-standing relationships with Nokia and Ericsson but also introduces Samsung as a new partner. The deal is a critical component of the company's ambitious capital expenditure plan, which targets a total investment of $6.6 billion over the next three years.

Overview of the deal<o:p></o:p>

The primary objective of this agreement is to enhance Vodafone Idea's 4G population coverage from 1.03 billion to 1.2 billion users while laying the groundwork for the rollout of 5G technology in key markets. This expansion is crucial as demand for high-speed data services continues to surge across India.

Vodafone Idea anticipates that the deployment of advanced network equipment will not only expand its coverage but also lead to significant energy efficiency improvements, thereby reducing operational costs. The implementation of these enhancements is expected to commence in the upcoming quarter, marking a pivotal shift in the company's operational capabilities.

Strategic objectives and network expansion<o:p></o:p>

As part of its strategic objectives, Vodafone Idea aims to address the escalating demand for data services by enhancing its network capacity. By leveraging this partnership with Nokia, Ericsson, and Samsung, the company plans to implement state-of-the-art technology that will facilitate a smoother transition to 5G services.

With an eye on efficiency, Vodafone Idea's management has outlined plans to deploy additional spectrum on existing sites while establishing new ones. This dual approach is projected to increase network capacity by 15 per cent, enabling the company to reach an additional 1.6 crore users by September 2024.

Recent developments and financial position<o:p></o:p>

Recent financial decisions have positioned Vodafone Idea favorably as it embarks on this ambitious expansion plan. The company successfully raised Rs 24,000 crore in equity and acquired new spectrum for Rs 3,500 crore during the June 2024 auction. These funds are earmarked for immediate capital expenditure aimed at enhancing existing infrastructure and expanding service availability.

On September 23 i.e., today Vodafone Idea's senior management team will engage with investors and analysts in a conference call designed to provide further insights into the company's future strategies and financial outlook. CEO Akshaya Moondra and CFO Murthy GVAS are expected to address key concerns regarding operational efficiency and growth potential.

Further, despite these promising developments, Vodafone Idea faces significant challenges that could impact its growth trajectory. A recent ruling by the apex court has allowed the Department of Telecommunications (DoT) to reassess how Adjusted Gross Revenue (AGR) dues are calculated. This decision could dramatically affect Vodafone Idea's financial obligations, which currently exceed Rs 70,300 crores.

In light of these challenges, Vodafone Idea's stock reflected modest growth, closing at Rs 10.52 an increase of 1.35 per cent on Friday. However, the stock was trading 9.93 per cent higher at Rs 11.51 on Monday on the news of this most recently announced deal.

Still, this slight uptick belies a more troubling trend, Vodafone’s stock have plummeted by 32.29 per cent throughout 2024, raising concerns about the company's long-term viability in a fiercely competitive telecommunications landscape. As Vodafone Idea navigates these complexities while striving for expansion and modernization, its ability to adapt will be crucial in determining its future success within India's rapidly evolving telecom sector.

Vodafone Idea Ltd., one of India's prominent telecom operators, has successfully finalised a monumental $3.6 billion deal with technology giants Nokia, Ericsson, and Samsung.

Vodafone Idea Ltd., one of India's prominent telecom operators, has successfully finalised a monumental $3.6 billion deal with technology giants Nokia, Ericsson, and Samsung. Announced on September 22, this strategic partnership aims to bolster the company's network infrastructure over the next three years, positioning Vodafone Idea to remain competitive in an increasingly dynamic telecommunications market as detailed in a filing with BSE. This collaboration not only reinforces Vodafone Idea's long-standing relationships with Nokia and Ericsson but also introduces Samsung as a new partner. The deal is a critical component of the company's ambitious capital expenditure plan, which targets a total investment of $6.6 billion over the next three years. Overview of the deal The primary objective of this agreement is to enhance Vodafone Idea's 4G population coverage from 1.03 billion to 1.2 billion users while laying the groundwork for the rollout of 5G technology in key markets. This expansion is crucial as demand for high-speed data services continues to surge across India. Vodafone Idea anticipates that the deployment of advanced network equipment will not only expand its coverage but also lead to significant energy efficiency improvements, thereby reducing operational costs. The implementation of these enhancements is expected to commence in the upcoming quarter, marking a pivotal shift in the company's operational capabilities. Strategic objectives and network expansion As part of its strategic objectives, Vodafone Idea aims to address the escalating demand for data services by enhancing its network capacity. By leveraging this partnership with Nokia, Ericsson, and Samsung, the company plans to implement state-of-the-art technology that will facilitate a smoother transition to 5G services. With an eye on efficiency, Vodafone Idea's management has outlined plans to deploy additional spectrum on existing sites while establishing new ones. This dual approach is projected to increase network capacity by 15 per cent, enabling the company to reach an additional 1.6 crore users by September 2024. Recent developments and financial position Recent financial decisions have positioned Vodafone Idea favorably as it embarks on this ambitious expansion plan. The company successfully raised Rs 24,000 crore in equity and acquired new spectrum for Rs 3,500 crore during the June 2024 auction. These funds are earmarked for immediate capital expenditure aimed at enhancing existing infrastructure and expanding service availability. On September 23 i.e., today Vodafone Idea's senior management team will engage with investors and analysts in a conference call designed to provide further insights into the company's future strategies and financial outlook. CEO Akshaya Moondra and CFO Murthy GVAS are expected to address key concerns regarding operational efficiency and growth potential. Further, despite these promising developments, Vodafone Idea faces significant challenges that could impact its growth trajectory. A recent ruling by the apex court has allowed the Department of Telecommunications (DoT) to reassess how Adjusted Gross Revenue (AGR) dues are calculated. This decision could dramatically affect Vodafone Idea's financial obligations, which currently exceed Rs 70,300 crores. In light of these challenges, Vodafone Idea's stock reflected modest growth, closing at Rs 10.52 an increase of 1.35 per cent on Friday. However, the stock was trading 9.93 per cent higher at Rs 11.51 on Monday on the news of this most recently announced deal. Still, this slight uptick belies a more troubling trend, Vodafone’s stock have plummeted by 32.29 per cent throughout 2024, raising concerns about the company's long-term viability in a fiercely competitive telecommunications landscape. As Vodafone Idea navigates these complexities while striving for expansion and modernization, its ability to adapt will be crucial in determining its future success within India's rapidly evolving telecom sector.

Vodafone Idea completes $3.6 billion deal with Nokia, Ericsson, and Samsung

The Supreme Court Monday said it will not hear "even for a second" arguments on re-assessment of Adjusted Gross Revenue (AGR) related dues of telecom companies which approximately run into Rs 1.6 lakh crore.

A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah reserved its verdict on the issue of timeline for staggered payment of AGR-related dues by telecom companies.

The Centre had earlier urged the top court that up to 20 years be given to telecom companies for the payment of dues in staggered manner.

''We will not hear arguments for re-assessment (of AGR related dues) even for a second,''&nbsp;the bench said.

During the hearing, the bench observed that 15 or 20 years is not a reasonable time period and the companies should come forward with appropriate time frame.

The top court said it would also examine the bona fides of some telecom companies going into insolvency.

On June 18, the top court was informed by the Centre that the Department of Telecommunications (DoT) has decided to withdraw 96 per cent of the Rs 4 lakh crore demand for AGR related dues raised against non-telecom PSUs like GAIL.

The court had asked the private telecom companies including Bharti Airtel, Vodafone Idea to come out with a reasonable payment plan, make some payment to show their bona fide&nbsp;and file their books of accounts for the last 10 years. PTI

The Supreme Court Monday said it will not hear "even for a second" arguments on re-assessment of Adjusted Gross Revenue (AGR) related dues of telecom companies which approximately run into Rs 1.

The Supreme Court Monday said it will not hear "even for a second" arguments on re-assessment of Adjusted Gross Revenue (AGR) related dues of telecom companies which approximately run into Rs 1.6 lakh crore. A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah reserved its verdict on the issue of timeline for staggered payment of AGR-related dues by telecom companies. The Centre had earlier urged the top court that up to 20 years be given to telecom companies for the payment of dues in staggered manner. ''We will not hear arguments for re-assessment (of AGR related dues) even for a second,'' the bench said. During the hearing, the bench observed that 15 or 20 years is not a reasonable time period and the companies should come forward with appropriate time frame. The top court said it would also examine the bona fides of some telecom companies going into insolvency. On June 18, the top court was informed by the Centre that the Department of Telecommunications (DoT) has decided to withdraw 96 per cent of the Rs 4 lakh crore demand for AGR related dues raised against non-telecom PSUs like GAIL. The court had asked the private telecom companies including Bharti Airtel, Vodafone Idea to come out with a reasonable payment plan, make some payment to show their bona fide and file their books of accounts for the last 10 years. PTI

Will not hear arguments on reassessment of AGR related dues "even for a second": SC to telcos

India's mobile phone users have been putting up with poor connectivity for a while now. Telecom companies have not been investing in mobile infrastructure.

They don't have the money to do it anymore. That's because they are faced with a huge financial crisis themselves.

They owe thousands of crores in dues and the Supreme Court of India breathing down their neck.

Last year, the court had ordered them to pay the dues in 3 months. But to date, an overwhelming majority of this money has not been recovered.

The government suggested self-assessment by telecom companies. It filed a petition saying that this is in the interest of crores of consumers in India.

In response, the Supreme Court has lashed out at Telecom firms. Today it said that re-evaluation of dues will not be allowed. The court was furious and it was visible in the scathing remarks.

“We won't tolerate this, every company is violating orders. They want to hoodwink us. If required, we will summon MDs of all the telecom companies. We will send then to jail from here. We will recuse ourselves if this is the government's attitude,” said Justice Arun Mishra.

The central conflict between the government and telecom firms is the assessment of dues.

Telecom operators must pay the licence fee and spectrum charges. In October last year, the Supreme Court ordered telcos to pay over Rs 90,000 crores.&nbsp;

That verdict dealt a crippling blow to an already bruised industry. After the order, Vodafone idea and Bharti airtel posted their highest-ever losses.

Those two companies along with Tata Teleservices Limited (TTSL) and Reliance Jio calculated a combined liability of about Rs 37000 crores based on self-assessment.

The department of telecommunications has pegged its dues at over Rs 1 lakh crores. The companies say, as per their own assessment, they've already paid the dues. But according to the govt's calculations, they've only paid about 35% of the dues.

The latest Supreme Court order means they will have to pay the full amount. All they can bargain for is time. 
 
Who owns how much

Company &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Self-assessment &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Govt calculation

 
Bharti Airtel &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Rs 13,004 cr&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Rs 43, 980 cr

Vodafone Idea &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Rs 21,533 cr&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Rs 58, 254 cr

Tata Tele &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Rs 2197 cr&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Rs 16, 798 cr 
&nbsp; 
TOTAL &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Rs 37000 cr (approx)&nbsp; &nbsp; &nbsp; Rs 1.19 lakh cr (approx)

India's mobile phone users have been putting up with poor connectivity for a while now. Telecom companies have not been investing in mobile infrastructure. They don't have the money to do it anymore.

India's mobile phone users have been putting up with poor connectivity for a while now. Telecom companies have not been investing in mobile infrastructure. They don't have the money to do it anymore. That's because they are faced with a huge financial crisis themselves. They owe thousands of crores in dues and the Supreme Court of India breathing down their neck. Last year, the court had ordered them to pay the dues in 3 months. But to date, an overwhelming majority of this money has not been recovered. The government suggested self-assessment by telecom companies. It filed a petition saying that this is in the interest of crores of consumers in India. In response, the Supreme Court has lashed out at Telecom firms. Today it said that re-evaluation of dues will not be allowed. The court was furious and it was visible in the scathing remarks. “We won't tolerate this, every company is violating orders. They want to hoodwink us. If required, we will summon MDs of all the telecom companies. We will send then to jail from here. We will recuse ourselves if this is the government's attitude,” said Justice Arun Mishra. The central conflict between the government and telecom firms is the assessment of dues. Telecom operators must pay the licence fee and spectrum charges. In October last year, the Supreme Court ordered telcos to pay over Rs 90,000 crores. That verdict dealt a crippling blow to an already bruised industry. After the order, Vodafone idea and Bharti airtel posted their highest-ever losses. Those two companies along with Tata Teleservices Limited (TTSL) and Reliance Jio calculated a combined liability of about Rs 37000 crores based on self-assessment. The department of telecommunications has pegged its dues at over Rs 1 lakh crores. The companies say, as per their own assessment, they've already paid the dues. But according to the govt's calculations, they've only paid about 35% of the dues. The latest Supreme Court order means they will have to pay the full amount. All they can bargain for is time. Who owns how much Company Self-assessment Govt calculation Bharti Airtel Rs 13,004 cr Rs 43, 980 cr Vodafone Idea Rs 21,533 cr Rs 58, 254 cr Tata Tele Rs 2197 cr Rs 16, 798 cr TOTAL Rs 37000 cr (approx) Rs 1.19 lakh cr (approx)

India's telecom crisis: Who owes how much

Just days after Bharti Enterprises founder and chairman, Sunil Bharti Mittal assured the government that <a href="https://www.wionews.com/india-news/airtel-will-pay-dues-before-march-17-sunil-bharti-mittal-281884">Airtel </a>would comply with the Supreme Court order and pay the dues before March 17, Moody's Investors Service said Bharti Airtel has the financial capacity to withstand a payout of $5 billion in statutory dues.

<a href="https://www.wionews.com/india-news/airtel-pays-statutory-dues-worth-rs10000-crore-after-supreme-courts-stern-orders-281089">Also Read: Airtel pays statutory dues worth Rs 10,000 crore after SC order</a>

India's Supreme Court had earlier directed telecom firms to comply with the judgment upholding the Department of Telecommunication's (DoT) definition of Adjusted Gross Revenues (AGR) and pay the liabilities.

Bharti was ordered to pay $5 billion(Rs 35,300 crore) liability for past-due AGR fees associated with this litigation.

Moody's Investors Service said a Rs 35,300 crore cash payment will not cause a significant deterioration in the credit quality of <a href="https://www.wionews.com/business-economy/airtel-vodafone-idea-shares-jump-after-on-hopes-of-govt-help-262309">Bharti Airtel </a>while adding that in the alternate scenario of a smaller cash payment of Rs 25,200 crore reflecting the principal and interest amount only, would position the company more comfortably within its current rating.

"Recent capital-raising activities provide additional liquidity to fund the AGR payment," it said.

"Following recent capital-raising, we estimated (Bharti's) cash is over $5.0 billion, which can be used to fund the final AGR payment," it said.

As per the order,<a href="https://www.wionews.com/business-economy/bharti-airtel-vodafone-idea-tata-teleservices-file-review-plea-in-sc-in-agr-case-263967"> Vodafone</a> Idea has to pay Rs 28,000 crore (license fees of Rs 6,900 crore and the balance is interest and penalty) over the next three months to the government.

Bharti Airtel, Vodafone Idea and Tata Teleservices were together ordered to pay around Rs 92,000 crore to the Centre on Adjusted Gross Revenue (AGR).

Just days after Bharti Enterprises founder and chairman, Sunil Bharti Mittal assured the government that Airtel would comply with the Supreme Court order and pay the dues before March 17, Moody's Investors Service said Bharti Airtel has the financial capacity to withstand a payout of $5 billion in statutory dues.

Just days after Bharti Enterprises founder and chairman, Sunil Bharti Mittal assured the government that Airtel would comply with the Supreme Court order and pay the dues before March 17, Moody's Investors Service said Bharti Airtel has the financial capacity to withstand a payout of $5 billion in statutory dues. Also Read: Airtel pays statutory dues worth Rs 10,000 crore after SC order India's Supreme Court had earlier directed telecom firms to comply with the judgment upholding the Department of Telecommunication's (DoT) definition of Adjusted Gross Revenues (AGR) and pay the liabilities. Bharti was ordered to pay $5 billion(Rs 35,300 crore) liability for past-due AGR fees associated with this litigation. Moody's Investors Service said a Rs 35,300 crore cash payment will not cause a significant deterioration in the credit quality of Bharti Airtel while adding that in the alternate scenario of a smaller cash payment of Rs 25,200 crore reflecting the principal and interest amount only, would position the company more comfortably within its current rating. "Recent capital-raising activities provide additional liquidity to fund the AGR payment," it said. "Following recent capital-raising, we estimated (Bharti's) cash is over $5.0 billion, which can be used to fund the final AGR payment," it said. As per the order, Vodafone Idea has to pay Rs 28,000 crore (license fees of Rs 6,900 crore and the balance is interest and penalty) over the next three months to the government. Bharti Airtel, Vodafone Idea and Tata Teleservices were together ordered to pay around Rs 92,000 crore to the Centre on Adjusted Gross Revenue (AGR).

Bharti Airtel can pay $5 billion AGR, won't affect credit quality, says Moody's

Equity benchmark indices <a href="https://www.wionews.com/business-economy/nifty-sensex-fall-as-telecom-exposure-weighs-on-banks-281144">Sensex </a>and <a href="https://www.wionews.com/business-economy/nifty-sensex-fall-as-telecom-exposure-weighs-on-banks-281144">Nifty</a> closed in the red for the fourth session in a row on Tuesday as the ongoing AGR issue weighed on telecom and financial stocks.

After trading in the deep red for a better part of the session, the BSE gauge Sensex reclaimed most of its lost ground towards the fag-end.

Also read: <a href="https://www.wionews.com/business-economy/airtel-voda-idea-make-part-payment-dot-mulls-encashing-bank-guarantees-281229">Airtel, Voda, Idea make part payment; DoT mulls encashing bank guarantees</a>

At the closing bell, the index was down 161.31 points or 0.39 per cent at 40,894.38.

Intra-day, the Sensex fell over 444 points and touched the day's low of 40,610.95.

The NSE barometer Nifty too staged a late recovery from the day's low and settled at 11,992.50, showing a fall of 53.30 points or 0.44 per cent.

On the Sensex chart, <a href="https://www.wionews.com/business-economy/airtel-voda-idea-make-part-payment-dot-mulls-encashing-bank-guarantees-281229">Bharti Airtel</a> was the biggest loser with nearly 3 per cent drop in its share price. It was followed by IndusInd Bank, Maruti Suzuki, HeroMoto Corp and Tata Steel.

Also read:&nbsp;<a href="https://www.wionews.com/india-news/the-telecom-story-consequences-of-supreme-courts-ruling-281215">The telecom tremors: Consequences of Supreme Court's ruling</a>

In contrast, SBI, Infosys, PowerGrid, Tech Mahindra and TCS featured among major gainers.

The <a href="https://www.wionews.com/india-news/the-telecom-story-consequences-of-supreme-courts-ruling-281215">Supreme Court</a> on Monday refused to stop the telecom department from taking any coercive steps for recovery of dues from Vodafone Idea.

Shares of <a href="https://www.wionews.com/business-economy/airtel-voda-idea-make-part-payment-dot-mulls-encashing-bank-guarantees-281229">Vodafone Idea</a> on Tuesday tanked more than 16 per cent in intra-day trade due to rating downgrade on <a href="https://www.wionews.com/india-news/the-telecom-story-consequences-of-supreme-courts-ruling-281215">AGR</a> dues and other issues of the company.

Asian markets, barring China, closed with heavy losses.

Meanwhile, worries over the rising death toll and the economic fallout from the novel coronavirus continued to haunt investors globally.

The coronavirus epidemic that emerged in central China has now killed nearly 1,800 people and spread around the world.

The death toll from China's coronavirus epidemic climbed to 1,868 on Tuesday as 98 more people died while the total number of confirmed cases jumped to 72,436.&nbsp;

Equity benchmark indices Sensex and Nifty closed in the red for the fourth session in a row on Tuesday as the ongoing AGR issue weighed on telecom and financial stocks.

Equity benchmark indices Sensex and Nifty closed in the red for the fourth session in a row on Tuesday as the ongoing AGR issue weighed on telecom and financial stocks. After trading in the deep red for a better part of the session, the BSE gauge Sensex reclaimed most of its lost ground towards the fag-end. Also read: Airtel, Voda, Idea make part payment; DoT mulls encashing bank guarantees At the closing bell, the index was down 161.31 points or 0.39 per cent at 40,894.38. Intra-day, the Sensex fell over 444 points and touched the day's low of 40,610.95. The NSE barometer Nifty too staged a late recovery from the day's low and settled at 11,992.50, showing a fall of 53.30 points or 0.44 per cent. On the Sensex chart, Bharti Airtel was the biggest loser with nearly 3 per cent drop in its share price. It was followed by IndusInd Bank, Maruti Suzuki, HeroMoto Corp and Tata Steel. Also read: The telecom tremors: Consequences of Supreme Court's ruling In contrast, SBI, Infosys, PowerGrid, Tech Mahindra and TCS featured among major gainers. The Supreme Court on Monday refused to stop the telecom department from taking any coercive steps for recovery of dues from Vodafone Idea. Shares of Vodafone Idea on Tuesday tanked more than 16 per cent in intra-day trade due to rating downgrade on AGR dues and other issues of the company. Asian markets, barring China, closed with heavy losses. Meanwhile, worries over the rising death toll and the economic fallout from the novel coronavirus continued to haunt investors globally. The coronavirus epidemic that emerged in central China has now killed nearly 1,800 people and spread around the world. The death toll from China's coronavirus epidemic climbed to 1,868 on Tuesday as 98 more people died while the total number of confirmed cases jumped to 72,436.

Sensex, Nifty clock 4th successive loss; AGR woes hit telecom, financial stocks

RBI Governor Shaktikanta Das said that RBI&nbsp;will have internal discussions in case there are any issues arising out of the <a href="https://www.wionews.com/business-economy/dot-asks-telcos-to-clear-dues-by-midnight-withdraws-no-coercive-action-against-defaulting-telcos-280710">Supreme Court</a>'s order regarding <a href="https://www.wionews.com/business-economy/dot-asks-telcos-to-clear-dues-by-midnight-withdraws-no-coercive-action-against-defaulting-telcos-280710">Adjusted Gross Revenue</a> (AGR) dues.

In a judgement on Friday, the apex court&nbsp;had threatened contempt proceedings against <a href="https://www.wionews.com/business-economy/dot-asks-telcos-to-clear-dues-by-midnight-withdraws-no-coercive-action-against-defaulting-telcos-280710">Bharti Airtel</a>, <a href="https://www.wionews.com/business-economy/dot-asks-telcos-to-clear-dues-by-midnight-withdraws-no-coercive-action-against-defaulting-telcos-280710">Vodafone Idea </a>and other telecom firms for failing to comply with its order to pay an estimated Rs 1.47 lakh crore in past dues.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/dot-asks-telcos-to-clear-dues-by-midnight-withdraws-no-coercive-action-against-defaulting-telcos-280710">DoT asks telcos to clear dues by midnight, withdraws 'no coercive action against defaulters'&nbsp;</a>

Das did not offer any specific comments about the order, which might have ramifications on banks in terms of their exposure to the financially-stressed telecom companies.

When asked about the order, Das said it would be internally deliberated upon, if at all there are issues arising out of it.

On Friday, <a href="https://www.wionews.com/business-economy/state-bank-of-india-gets-sealed-bid-for-jet-airways-from-etihad-217565">State Bank of India</a> (SBI) Chairman Rajnish Kumar said it was incumbent on telecom companies to find money and that it would be safe to presume that they would have made some arrangements for it by now.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/in-major-setback-telecom-operators-to-pay-rs-92000-crore-as-dues-to-telecom-department-as-supreme-court-rejects-review-plea-274701">Telecom operators to pay Rs 92,000 crore as dues to telecom department, SC rejects review plea&nbsp;</a>

His remarks came hours after the apex court order on the <a href="https://www.wionews.com/business-economy/dot-asks-telcos-to-clear-dues-by-midnight-withdraws-no-coercive-action-against-defaulting-telcos-280710">AGR&nbsp;</a>dues matter.

On January 16, the Supreme Court of India had&nbsp;dismissed review petitions filed by&nbsp;Bharti Airtel, Vodafone Idea and Reliance Communications (RCom)&nbsp;challenging its judgement in the <a href="https://www.wionews.com/business-economy/in-major-setback-telecom-operators-to-pay-rs-92000-crore-as-dues-to-telecom-department-as-supreme-court-rejects-review-plea-274701">Adjusted Gross Revenue</a> (AGR) case.&nbsp;

RBI Governor Shaktikanta Das said that RBI will have internal discussions in case there are any issues arising out of the Supreme Court's order regarding Adjusted Gross Revenue (AGR) dues.

RBI Governor Shaktikanta Das said that RBI will have internal discussions in case there are any issues arising out of the Supreme Court's order regarding Adjusted Gross Revenue (AGR) dues. In a judgement on Friday, the apex court had threatened contempt proceedings against Bharti Airtel, Vodafone Idea and other telecom firms for failing to comply with its order to pay an estimated Rs 1.47 lakh crore in past dues. Also read: DoT asks telcos to clear dues by midnight, withdraws 'no coercive action against defaulters' Das did not offer any specific comments about the order, which might have ramifications on banks in terms of their exposure to the financially-stressed telecom companies. When asked about the order, Das said it would be internally deliberated upon, if at all there are issues arising out of it. On Friday, State Bank of India (SBI) Chairman Rajnish Kumar said it was incumbent on telecom companies to find money and that it would be safe to presume that they would have made some arrangements for it by now. Also read: Telecom operators to pay Rs 92,000 crore as dues to telecom department, SC rejects review plea His remarks came hours after the apex court order on the AGR dues matter. On January 16, the Supreme Court of India had dismissed review petitions filed by Bharti Airtel, Vodafone Idea and Reliance Communications (RCom) challenging its judgement in the Adjusted Gross Revenue (AGR) case.

'Will discuss internally if any issues arise out of it': RBI governor on Supreme Court's order on AGR case

The Indian telecom department issued orders directing telecom companies such as Bharti Airtel, Idea and Vodafone to clear dues before Friday (February 14) midnight.

Indian govt asks telecom companies to pay Rs 1.47 lakh cr

The Supreme Court of India on Thursday dismissed review petitions filed by various telecom companies challenging its judgement in the Adjusted Gross Revenue (AGR) case.&nbsp;

Telecom bigwigs like Bharti Airtel, Vodafone Idea and Reliance Communications (RCom) owe a whopping Rs 92,000 crore as a license fee to the telecom department. Another 41,000 crore is to be paid to the Department of Telecom (DoT) as a spectrum usage fee.&nbsp;

In October last year, the apex court had granted three months to telecom operators to clear their dues with the telecom department.

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The Indian telecom sector reels under heavy debts and suffers from a cut-throat price war. Supreme Court's rejection of AGR pleas is likely to further add to the financial woes of the telecom operators.

Bharti, in its response, expressed the company's disappointment with the top court's verdict and said that it would evaluate filing another petition.

"The industry continues to face severe financial stress and the outcome could further erode the viability of the sector as a whole," Bharti said in a statement reported by news agency Reuters.

According to reports, Bharti Airtel is supposed to pay a total of around Rs 23,000 crore to the telecom department. Reliance Communications has saddled Rs 16,456.47 crore worth of dues while Vodafone Idea has to pay Rs 19,823.71 crore as its dues.

The Supreme Court of India on Thursday dismissed review petitions filed by various telecom companies challenging its judgement in the Adjusted Gross Revenue (AGR) case.

The Supreme Court of India on Thursday dismissed review petitions filed by various telecom companies challenging its judgement in the Adjusted Gross Revenue (AGR) case. Telecom bigwigs like Bharti Airtel, Vodafone Idea and Reliance Communications (RCom) owe a whopping Rs 92,000 crore as a license fee to the telecom department. Another 41,000 crore is to be paid to the Department of Telecom (DoT) as a spectrum usage fee. In October last year, the apex court had granted three months to telecom operators to clear their dues with the telecom department. Supreme Court dismisses review petitions by various telecom companies challenging the Supreme Court judgement in the Adjusted Gross Revenue (AGR) case. pic.twitter.com/F3W33tUxE4 — ANI (@ANI) January 16, 2020 × The Indian telecom sector reels under heavy debts and suffers from a cut-throat price war. Supreme Court's rejection of AGR pleas is likely to further add to the financial woes of the telecom operators. Bharti, in its response, expressed the company's disappointment with the top court's verdict and said that it would evaluate filing another petition. "The industry continues to face severe financial stress and the outcome could further erode the viability of the sector as a whole," Bharti said in a statement reported by news agency Reuters. According to reports, Bharti Airtel is supposed to pay a total of around Rs 23,000 crore to the telecom department. Reliance Communications has saddled Rs 16,456.47 crore worth of dues while Vodafone Idea has to pay Rs 19,823.71 crore as its dues.

Telecom operators to pay Rs 92,000 crore as dues to telecom department, SC rejects review plea 

Bharti Airtel, Vodafone Idea and Tata Teleservices on Friday filed a petition in the Supreme Court seeking a review of its October 24 ruling ordering telecom companies to pay around Rs 92,000 crore to the Centre on Adjusted Gross Revenue (AGR).

The Supreme Court had rejected their appeal against the Centre`s definition of Adjusted Gross Revenue (AGR), ordering to pay around Rs 92,000 crore to the Department of Telecommunications (DoT).

The apex court, while passing the order, termed the issues raised by telecom companies with respect to AGR as "frivolous".

The court also made it clear that not only the original charges, but principal interest and penalties on delayed payments would also have to be paid by telecom companies.

As per the order, Vodafone Idea has to pay Rs 28,000 crore (license fees of Rs 6,900 crore and the balance is interest and penalty) over the next three months to the government.

The telecom sector, which is reeling under stress due to the AGR norms and predatory pricing, got relief from the government when it announced a moratorium of two years for spectrum payments.

Vodafone Idea and Bharti Airtel will raise prices of their services starting next month.&nbsp;

 
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Bharti Airtel, Vodafone Idea and Tata Teleservices on Friday filed a petition in the Supreme Court seeking a review of its October 24 ruling ordering telecom companies to pay around Rs 92,000 crore to the Centre on Adjusted Gross Revenue (AGR).

Bharti Airtel, Vodafone Idea and Tata Teleservices on Friday filed a petition in the Supreme Court seeking a review of its October 24 ruling ordering telecom companies to pay around Rs 92,000 crore to the Centre on Adjusted Gross Revenue (AGR). The Supreme Court had rejected their appeal against the Centre`s definition of Adjusted Gross Revenue (AGR), ordering to pay around Rs 92,000 crore to the Department of Telecommunications (DoT). The apex court, while passing the order, termed the issues raised by telecom companies with respect to AGR as "frivolous". The court also made it clear that not only the original charges, but principal interest and penalties on delayed payments would also have to be paid by telecom companies. As per the order, Vodafone Idea has to pay Rs 28,000 crore (license fees of Rs 6,900 crore and the balance is interest and penalty) over the next three months to the government. The telecom sector, which is reeling under stress due to the AGR norms and predatory pricing, got relief from the government when it announced a moratorium of two years for spectrum payments. Vodafone Idea and Bharti Airtel will raise prices of their services starting next month.

Bharti Airtel, Vodafone Idea, Tata Teleservices file review plea in SC in AGR case

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