![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
In an affidavit filed before the top court, SSTL said it has complied with the AGR judgement by paying Rs 72.90 lakh as per its own assessment of deficit AGR dues<\/a> that were not covered under the merger scheme with RCom in 2017. SSTL said it paid the amount as several letters to the Department of Telecommunications<\/a> (DoT) seeking clarification after the judgement did not elicit any response.
The DoT has identified the combined AGR liability of Rs 25,194.58 crore for Rcom and SSTL as on March 6, of which Rs 222.1 crore belongs to the Indo-Russian telecom JV, which merged into the Anil Ambani-owned carrier in 2017. In February 2019, RCom filed for insolvency.
Under the proceedings, the DoT has claimed nearly Rs 30,000 crore in dues from RCom, of which over Rs 21,000 crore has been verified by the resolution professional.
“I say that there is no wilful default on the part of SSTL to comply with this… court’s judgment to the extent it is applicable to SSTL,” the company said in an affidavit. ET has seen a copy of the affidavit.
The Supreme Court, in its June 20 hearing of the AGR case, had asked for bankruptcy related details of telcos such as Aircel, RCom, SSTL and Videocon within seven days, to ensure that they were not misusing the insolvency laws to evade AGR liability.
As per the merger scheme approved by the DoT on 31.10.2017, \"all licences held by SSTL stood cancelled with immediate effect\" and \"simultaneously all the liabilities of SSTL in respect of licences in various LSAs stood transferred to the respective licences held by Reliance Communication Ltd.”
SSTL, a joint venture between Russia’s Sistema and India’s Shyam Group<\/a>, which was providing telecom services under the brand name MTS had sold its entire telecom business including licences and spectrum in nine circles to RCom in October 2017, in exchange for a 10% stake in the Indian telco.
Back then, RCom acquired two million customers and 30MHz of 800\/850 MHz band spectrum, ideally suited for 4G LTE services. The merger of SSTL extended the validity of RCom's spectrum portfolio in the 800 and 850 MHz band in eight circles by a period of 12 years — from 2021 to 2033 and enhanced spectrum value by Rs 7300 crore. But it also assumed the liability for SSTL’s spectrum amounting to Rs 390 crore per annum for the next eight years.
Next year, as Rcom’s financial health deteriorated, SSTL sold its 10% stake, marking the complete exit of the Russian telco from India.
Weighed by debt of some Rs 46,000 crore and mounting losses due to intense competition following Reliance Jio’s entry in 2016, RCom filed for bankruptcy protection in February 2019, having failed to sell its assets to repay lenders.
<\/body>","next_sibling":[{"msid":77319345,"title":"Microsoft halts bid to buy TikTok's US operations: Report","entity_type":"ARTICLE","link":"\/news\/microsoft-halts-bid-to-buy-tiktoks-us-operations-report\/77319345","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":77320221,"entity_type":"ARTICLE","title":"AGR liabilities rest with RCom: SSTL to SC","synopsis":"Sistema Shyam Teleservices Ltd (SSTL) has told the Supreme Court that Anil Ambani\u2019s insolvent telco Reliance Communications (RCom) is liable to pay its adjusted gross revenue (AGR) dues as the latter had acquired the former\u2019s entire telecom business in October 2017. ","titleseo":"telecomnews\/agr-liabilities-rest-with-rcom-sstl-to-sc","status":"ACTIVE","authors":[{"author_name":"Himanshi Lohchab","author_link":"\/author\/479253129\/himanshi-lohchab","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479253129.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479253129,"author_name":"Himanshi Lohchab","author_seo_name":"himanshi-lohchab","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":5055,"shares":0,"engagementtimems":17429000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/agr-liabilities-rest-with-rcom-sstl-to-sc\/articleshow\/77320221.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-08-02 22:46:23","lastupd":"2020-08-02 22:46:23","breadcrumbTags":["AGR News","Shyam Group","Sistema Shyam Teleservices Ltd","Department of Telecommunications","Reliance communications","Industry","RCom","Bharat Sanchar Nigam Limited","agr dues","SSTL"],"secinfo":{"seolocation":"telecomnews\/agr-liabilities-rest-with-rcom-sstl-to-sc"}}" data-authors="[" himanshi lohchab"]" data-category-name="" data-category_id="" data-date="2020-08-02" data-index="article_1">
- Telecom乐动扑克News
- 3分钟阅读
SC AGR负债剩余RCom:萨里
Sistema Shyam电信业务公司(萨)已向最高法院表示,安尼尔•安巴尼的破产电信Reliance Communications (RCom)应支付其调整后总收入(AGR)会费后者获得了2017年10月前的整个电信业务。
读到
在最高法院之前,提交的书面陈述中萨里说,已经符合AGR判断通过Rs 72.90十万的赤字的根据自己的评估AGR费没有覆盖在2017年与信实电信合并方案。萨里表示,支付几个字母的数量电信部(点)寻求澄清后判断没有引起任何反应。
点已经确定的AGR责任25194 .58卢比Rcom和萨里3月6日的222.1卢比属于Indo-Russian电信企业,于2017年并入Anil Ambani-owned载体。2019年2月,信实电信申请破产。
根据程序,点已造成近30000卢比从RCom费,其中超过21000卢比已经验证了解决专业。
“我说没有故意违约的萨里遵守这…法院的判决在一定程度上适用于萨”该公司在一份书面陈述中说。等一份宣誓书。
最高法院,在6月20日听证会AGR的情况下,曾要求破产Aircel等相关电信公司的细节,信实电信,萨里和Videocon七天内,以确保他们不滥用破产逃避AGR的法律责任。
按批准的合并计划31.10.2017点,“所有许可证由萨里站取消直接效应”和”萨同时所有负债的牌照在各种直燃型溴化锂站转移到相应的许可证由信实通讯有限公司”。
萨一个俄罗斯的Sistema和印度的合资企业Shyam集团下,提供电信服务品牌MTS已出售了其整个电信业务包括牌照和光谱在2017年10月RCom九圈,以换取印度电信10%的股份。
当时,信实电信收购了二百万客户和30 MHz 800/850 MHz频带频谱,适合4 g LTE服务。合并萨扩展的有效性的光谱组合在800年和850 MHz RCom乐队在八圈12年——从2021年到2033年和增强频谱价值7300卢比。但它也承担责任萨里的频谱每年达390卢比在接下来的八年。
明年,信实电信的财务状况恶化,萨里出售其10%的股份,标记的完整退出俄罗斯电信来自印度。
重约46000卢比的债务和巨额亏损后由于激烈的竞争依赖Jio的2016年,2019年2月申请破产保护,RCom未能出售其资产,以偿还贷款。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动