独家
再见银行TCS为AGR费安排资金
可能会利用TCS如果最高法院拒绝修改请求
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政府不能采取沃达丰股价低于票面价值
解决post-Budget记者会在孟买,投资和公共资产管理部门(Dipam)部长Tuhin Kanta Pandey说,他的部门将持有该股。这将是类似于ITC和其他政府的控股公司,收购由于泌尿道感染救助。
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孟买:塔塔的儿子的过程已经开始安排资金用于偿还所欠13823卢比的法定费吗塔塔电信业务,接近开发的高级官员表示。它将最有可能的银行集团的旗舰TCS采购资金,以防它必须立即支付会费,得知一位官员说。此举是在最高法院将听取修改提交的请愿书电信公司后,法院支持政府的广泛定义电信服务提供商的调整后总收入(AGR)基于他们的征收和光谱计算收费。
盐的钢铁企业集团是沮丧/支付需求的影响。“但我们现实的重要性有一个付款计划,”一个官员说。
Tata Sons拒绝置评。
如果最高法院允许电信公司与电信部门(点),那么谈判的时间表支付可能会延长,和塔塔集团公司可能不需要急于清理AGR费。否则,它可能需要立即付款期限固定的最高法院1月23日结束。
接近开发的高层官员表示这个问题备受争议的控股公司密切关注资本配置和操作公司的资本回报率。
“这是一个不合理的大量,但我们都知道,我们有一个声誉保护偿还所欠每一个由于集团公司,“一群官员说。“Tata Sons董事会还讨论了各种场景时最好的处理财务影响NCLAT订单在2019年结束前的最后见面。”
控股公司的财务团队处理的讨论其他可能的途径筹集资金来处理危机,在一个具有挑战性的商业环境。为集团这是一个双重打击,来之时,塔塔信任是战斗的另一个法律战所得税。
“我们的担忧也在这种影响外国投资者的商业决策,”一名不愿透露姓名的高级官员说。“(集团)关注如何合理的资本配置对经济增长时我们继续被分心行业遗留问题吗?”
处理这样的问题,该组织正越来越多地取决于TCS的利润有十万的8.2卢比的市值。
“这真是一个大问题,”另一个集团高管说。“我们选择做正确的事,Docomo和银行付清,这样我们将关闭将分散的问题。这些问题保持分散我们提供完整的关注其他挑战,我们也面临着。”
Docomo和塔塔的战斗是一个为期三年的争斗中,德里高等法院在20117年允许Tata Sons NTT Docomo支付11.7亿美元的仲裁裁决终止他们的电信合资企业。Docomo同年10月支付。
塔塔电信业务,沃达丰的想法和Bharti Airtel以前提交审查请愿最高法院对其先前的裁决AGR费。申请被驳回,后三个去修改应用程序。沃达丰的想法和Bharti Airtel面临法定会费53039卢比,35586卢比,分别。
电信公司和政府之间的争斗在AGR会费总结10月24日,2019年,最高法院支持政府的定义。
虽然最后期限了,点已指示其圆办事处对电信公司没有采取任何强制措施直到最高法院的决定修改的吸引力。
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Mumbai: Tata Sons<\/a> has started the process of arranging funds for paying off the statutory dues of Rs 13,823 crore owed by Tata Teleservices<\/a>, top officials close to the development said. It will most likely bank on group flagship TCS<\/a> for sourcing funds in case it has to pay the dues immediately, an official privy to the matter said.The move comes even as the Supreme Court is scheduled to hear modification petitions filed by telcos after the court upheld the government\u2019s broad definition of telecom service providers\u2019 adjusted gross revenues (AGR) based on which their levies and spectrum charges are calculated.
The steel to salt conglomerate is upset over the impact of this payout demand. \u201cBut we are realistic of the importance to have a payment plan in place,\u201d one of the officials said.
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Tata Sons declined to comment.
If the top court allows telcos to negotiate with the telecom department (DoT) then the timeline for payment may get extended, and the Tata group company may not have to rush into clearing the AGR dues<\/a>. Otherwise, it may have to make the payment immediately as the deadline fixed by the top court ended on January 23.
Top officials close to the development said the issue has been much debated by the holding company which is closely monitoring the capital allocation and return on capital of operating companies.
\u201cIt is an unreasonably huge amount, but we are aware that we have a reputation to protect of paying off every single due owed by group companies,\u201d a group official said. \u201cThe Tata Sons board had also discussed various scenarios to best handle the financial impact when they last met before the NCLAT order in end 2019.\u201d
The holding company's finance team is handling the discussions on other possible avenues of raising funds to deal with the crisis that has come in a challenging business environment. For the group this is a double whammy of sorts, coming at a time when the Tata Trust is fighting another legal battle with the income tax department.
Tata Sons declined to comment.
If the top court allows telcos to negotiate with the telecom department (DoT) then the timeline for payment may get extended, and the Tata group company may not have to rush into clearing the AGR dues<\/a>. Otherwise, it may have to make the payment immediately as the deadline fixed by the top court ended on January 23.
Top officials close to the development said the issue has been much debated by the holding company which is closely monitoring the capital allocation and return on capital of operating companies.
\u201cIt is an unreasonably huge amount, but we are aware that we have a reputation to protect of paying off every single due owed by group companies,\u201d a group official said. \u201cThe Tata Sons board had also discussed various scenarios to best handle the financial impact when they last met before the NCLAT order in end 2019.\u201d
The holding company's finance team is handling the discussions on other possible avenues of raising funds to deal with the crisis that has come in a challenging business environment. For the group this is a double whammy of sorts, coming at a time when the Tata Trust is fighting another legal battle with the income tax department.
<\/div><\/div>The group is also worried about the impact of the payment on its balance sheets.
\u201cOur worries are also over the kind of impact it has have on business decisions of foreign investors,\u201d a top official said on condition of anonymity. \u201cHow does (the group) focus on sensible capital allocation on growth when we continued to be distracted by industry<\/a> legacy issues?\u201d
To deal with such issues, the group is increasingly depending on the profits from TCS that has a market cap of Rs 8.2 lakh crore as of Tuesday.
Read also<\/h3>
\u201cOur worries are also over the kind of impact it has have on business decisions of foreign investors,\u201d a top official said on condition of anonymity. \u201cHow does (the group) focus on sensible capital allocation on growth when we continued to be distracted by industry<\/a> legacy issues?\u201d
To deal with such issues, the group is increasingly depending on the profits from TCS that has a market cap of Rs 8.2 lakh crore as of Tuesday.
Read also<\/h3><\/a><\/div>Pricing and buys may help Infosys pip TCS in growth<\/h4><\/a><\/div><\/a><\/div>Consumer group files PIL in SC against DoT move not to take coercive action on AGR dues<\/h4><\/a><\/div><\/div>
\u201cThis is really a major concern for us,\u201d said another senior group executive. \u201cWe chose to do the right thing and paid off Docomo and the banks so that we would close issues that would distract. Such issues keep distracting us from giving complete attention to the other challenges that we are also facing.\u201d
The Docomo and Tata fight was a three-year tussle in which the Delhi High Court in 20117 allowed Tata Sons to pay NTT Docomo a $1.17 billion arbitration award upon termination of their telecom joint venture. The group paid Docomo in October same year.
Tata Teleservices, along with Vodafone Idea and Bharti Airtel, had filed review petitions before the Supreme Court against its earlier verdict on AGR dues. That petition was dismissed, following which the three went for modification applications. Vodafone Idea and Bharti Airtel face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively.
The tussle between telcos and government over AGR dues concluded on October 24, 2019 when the top court upheld the government\u2019s definition.
Although the deadline has gone, DoT has directed its circle offices not to take any coercive action against the telcos till the Supreme Court\u2019s decision on the modification appeal.
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Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"27.0","minfoseo":"27-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1580269942567","minfoseo":"1580269942567"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"931024611","minfoseo":"931024611"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"canonicalURL":{"minfo":"https:\/\/economictimes.indiatimes.com\/industry\/telecom\/telecom-news\/tata-sons-may-bank-on-tcs-to-clear-teleservices-agr-dues\/articleshow\/73709600.cms","minfoseo":"https\/economictimes-indiatimes-com\/industry\/telecom\/telecom-news\/tata-sons-may-bank-on-tcs-to-clear-teleservices-agr-dues\/articleshow\/73709600-cms"},"OriginalImageHeightPx":{"minfo":"900.0","minfoseo":"900-0"},"OriginalImageWidthPx":{"minfo":"1200.0","minfoseo":"1200-0"},"NumberOfCharacters":{"minfo":"3821.0","minfoseo":"3821-0"},"NumberOfWords":{"minfo":"636.0","minfoseo":"636-0"},"key":[{"keyid":"8275485","value":"agr dues","smid":"0","keynameseo":"agr-dues","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"155206","value":"Verizon Communications","smid":"0","keynameseo":"Verizon-Communications","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"8273157","value":"telecom crisis","smid":"0","keynameseo":"telecom-crisis","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6357150","value":"tcs","smid":"0","keynameseo":"tcs","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6359475","value":"tata teleservices","smid":"0","keynameseo":"tata-teleservices","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"46894","value":"Tata Sons","smid":"0","keynameseo":"Tata-Sons","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6357585","value":"tata consultancy services","smid":"0","keynameseo":"tata-consultancy-services","keytype":"","keycount":"totalcount","weightage":"20"}],"authorsplit":{"author":[{"artau":"Kala Vijayraghavan","aunameseo":"kala-vijayraghavan","artauid":"4411","artauemail":"kala.vijaraghavan@gmail.com","auFullName":"Kala Vijayraghavan","pubname":"ET","designame":"Editor","audetailsxml":{"authordetails":[],"details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"},{"artau":"Devina Sengupta","aunameseo":"devina-sengupta","artauid":"479212895","artauemail":"devinasengupta@gmail.com","auFullName":"Devina Sengupta","pubname":"ET","designame":"Senior Assistant Editor","audetailsxml":{"authordetails":"I track the Telecom sector, tussles in India Inc's Business Houses and have reported on the Human Capital market for close to a decade. 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He added that the government has implemented what was approved in the reforms package, in response to a query on the equity conversion.","seolocation":"telecomnews\/government-expects-vodafone-idea-to-begin-5g-rollout-to-meet-licence-obligations","seolocationalt":"Government expects Vodafone Idea to begin 5G rollout to meet licence obligations","url_seo":"government-expects-vodafone-idea-to-begin-5g-rollout-to-meet-licence-obligations"},{"msid":"97659300","stname":"Govt decision to convert Vodafone Idea's interest on dues to equity to keep telco away from NCLT: Analysts","artsyn":"Analysts said Vi would face serious challenges in funding its annual spectrum payments after the four-year moratorium ends in 2024-25 unless its average revenue per user (ARPU) more than doubles to over Rs 300. Vi\u2019s ARPU, a key performance metric, was a modest Rs 131 at the end of September 2022.","seolocation":"telecomnews\/govt-decision-to-convert-vodafone-ideas-interest-on-dues-to-equity-to-keep-telco-away-from-nclt-analysts","seolocationalt":"Govt decision to convert Vodafone Idea's interest on dues to equity to keep telco away from NCLT: Analysts","url_seo":"govt-decision-to-convert-vodafone-ideas-interest-on-dues-to-equity-to-keep-telco-away-from-nclt-analysts"},{"msid":"96029824","stname":"Vodafone Idea in talks with ATC on extending conv bond issue timelines","artsyn":"Vi, though, said it\u2019s in discussion with ATC for extension of the agreement and a fresh shareholders approval will be sought as required.","seolocation":"telecomnews\/vodafone-idea-in-talks-with-atc-on-extending-conv-bond-issue-timelines","seolocationalt":"Vodafone Idea in talks with ATC on extending conv bond issue timelines","url_seo":"vodafone-idea-in-talks-with-atc-on-extending-conv-bond-issue-timelines"},{"msid":"92576138","stname":"Airtel opts to defer around Rs 3000 crore AGR dues for FY18, FY19 by 4 yrs","artsyn":"The Sunil Mittal-led telco, though, has decided against availing the option to convert accrued interest on such statutory dues into government equity, the official added.","seolocation":"telecomnews\/airtel-opts-to-defer-around-rs-3000-crore-agr-dues-for-fy18-fy19-by-4-yrs","seolocationalt":"Airtel opts to defer around Rs 3000 crore AGR dues for FY18, FY19 by 4 yrs","url_seo":"airtel-opts-to-defer-around-rs-3000-crore-agr-dues-for-fy18-fy19-by-4-yrs"},{"msid":"92403519","stname":"Vodafone Idea opts to pay Rs 8,837 crore dues in 6 annual instalments","artsyn":"Bharti Airtel, which got a similar offer to defer its dues of about Rs3,000 crore for the period, is \u201cstudying the option and will respond by the deadline (June 30),\u201d a person familiar with the matter said. 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The telco had told DoT that potential external investors were seeking clarifications on both these points as the loss-making service provider races to raise funds by the self-mandated March-end deadline.","seolocation":"telecomnews\/dot-may-return-telcos-rs-23000-crore-bank-guarantees","seolocationalt":"DoT may return telcos' Rs 23,000-crore bank guarantees","url_seo":"dot-may-return-telcos-rs-23000-crore-bank-guarantees"},{"msid":"89958693","stname":"AGR dues: TDSAT says public, private sector cos cannot be treated differently","artsyn":"TDSAT's latest ruling is on a review petition filed by Netmagic Solutions and Data Ingenious Global. 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Another official said with this payment, their statutory dues with the DoT stand clear as of now.","seolocation":"telecomnews\/vodafone-idea-clears-rs-818-crore-statutory-dues","seolocationalt":"Vodafone Idea clears Rs 818 crore statutory dues","url_seo":"vodafone-idea-clears-rs-818-crore-statutory-dues"},{"msid":"87364444","stname":"Jio refuses 4 year spectrum, AGR moratorium","artsyn":"Recently, Jio paid Rs 10,792 crore to the Department of Telecommunications (DoT), clearing all dues towards spectrum bought in the 2016 auctions.","seolocation":"telecomnews\/jio-refuses-4-year-spectrum-agr-moratorium","seolocationalt":"Jio refuses 4 year spectrum, AGR moratorium","url_seo":"jio-refuses-4-year-spectrum-agr-moratorium"},{"msid":"87263819","stname":"DoT amends AGR definition to remove non-core items","artsyn":"In a note issued late Monday night, the DoT introduced the concept of the applicable gross revenue (ApGR), which is arrived at by removing all the non-telecom revenues earned by telcos from their gross revenue (GR). Analysts say non-core items currently make up around 10% of a telco\u2019s total revenue.","seolocation":"telecomnews\/dot-amends-agr-definition-to-remove-non-core-items","seolocationalt":"DoT amends AGR definition to remove non-core items","url_seo":"dot-amends-agr-definition-to-remove-non-core-items"},{"msid":"87217380","stname":"AGR, spectrum moratorium may provide medium-term liquidity buffer to telcos: Ind-Ra","artsyn":"\u201cInd-Ra believes the reforms related to the four years of moratorium\/deferment for both the AGR dues and spectrum liabilities (other than the ones auctioned in 2021) are likely to provide a medium-term liquidity buffer to telcos, while not impacting the actual liability to be paid by them,\u201d it said.","seolocation":"telecomnews\/agr-spectrum-moratorium-may-provide-medium-term-liquidity-buffer-to-telcos-ind-ra","seolocationalt":"AGR, spectrum moratorium may provide medium-term liquidity buffer to telcos: Ind-Ra","url_seo":"agr-spectrum-moratorium-may-provide-medium-term-liquidity-buffer-to-telcos-ind-ra"},{"msid":"86250201","stname":"Telecom & the AGR Saga","artsyn":"In a significant decision on Wednesday, the government announced that the definition of AGR will be rationalised and non telecom revenue will be excluded on prospective basis.","seolocation":"telecomnews\/telecom-the-agr-saga","seolocationalt":"Telecom & the AGR Saga","url_seo":"telecom-the-agr-saga"},{"msid":"85613273","stname":"View: Try sale and lease back for spectrum","artsyn":"\"\u200b\u200bThe desire to offer relief to the sector is welcome, but staggering the dues arising from delayed payment of adjusted gross revenue (AGR) shares over 20 years, instead of 10, is likely to prove inadequate. The government has to think more creatively\"","seolocation":"telecomnews\/view-try-sale-and-lease-back-for-spectrum","seolocationalt":"View: Try sale and lease back for spectrum","url_seo":"view-try-sale-and-lease-back-for-spectrum"},{"msid":"85582066","stname":"Govt mulls ways to let telcos pay AGR dues over 20 years","artsyn":"Any government bid to relax the AGR payment tenure needs to take into account the Supreme Court ruling, which mandated telcos to pay their dues over 10 years, through March 31, 2031. This was despite the cabinet having recommended a 20-year time frame to pay those dues.","seolocation":"telecomnews\/govt-mulls-ways-to-let-telcos-pay-agr-dues-over-20-years","seolocationalt":"Govt mulls ways to let telcos pay AGR dues over 20 years","url_seo":"govt-mulls-ways-to-let-telcos-pay-agr-dues-over-20-years"},{"msid":"84879558","stname":"Bharti Airtel, Vodafone Idea to hike prepaid rates to meet AGR dues","artsyn":"Goldman Sachs said \u201cAirtel could potentially be the first operator to raise prices in the prepaid smartphone segment,\u201d and sees \u201ca high likelihood of Vi following its (read: Airtel's) actions over the next few days\u201d.","seolocation":"telecomnews\/bharti-airtel-vodafone-idea-to-hike-prepaid-rates-to-meet-agr-dues","seolocationalt":"Bharti Airtel, Vodafone Idea to hike prepaid rates to meet AGR dues","url_seo":"bharti-airtel-vodafone-idea-to-hike-prepaid-rates-to-meet-agr-dues"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"8275485","value":"agr dues","smid":"0","keynameseo":"agr-dues","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"155206","value":"Verizon Communications","smid":"0","keynameseo":"Verizon-Communications","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"8273157","value":"telecom crisis","smid":"0","keynameseo":"telecom-crisis","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6357150","value":"tcs","smid":"0","keynameseo":"tcs","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6359475","value":"tata teleservices","smid":"0","keynameseo":"tata-teleservices","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"46894","value":"Tata Sons","smid":"0","keynameseo":"Tata-Sons","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6357585","value":"tata consultancy services","smid":"0","keynameseo":"tata-consultancy-services","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"tata consultancy services"},{"name":"Verizon Communications"},{"name":"tata teleservices"},{"name":"telecom crisis"},{"name":"Tata Sons"},{"name":"agr dues"},{"name":"Industry"},{"name":"tcs"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["agr dues","Verizon Communications","telecom crisis","tcs","tata teleservices","Tata Sons","tata consultancy services","Industry"],"filterTags":[]},"breadcrumbTags":["agr dues","Verizon Communications","telecom crisis","tcs","tata teleservices","Tata Sons","tata consultancy services","Industry"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/tata-sons-may-bank-on-tcs-to-clear-teleservices-agr-dues\/73719044"}" data-news-images="null" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
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<\/a><\/div>Pricing and buys may help Infosys pip TCS in growth<\/h4><\/a><\/div><\/a><\/div>Consumer group files PIL in SC against DoT move not to take coercive action on AGR dues<\/h4><\/a><\/div><\/div>
\u201cThis is really a major concern for us,\u201d said another senior group executive. \u201cWe chose to do the right thing and paid off Docomo and the banks so that we would close issues that would distract. Such issues keep distracting us from giving complete attention to the other challenges that we are also facing.\u201d
The Docomo and Tata fight was a three-year tussle in which the Delhi High Court in 20117 allowed Tata Sons to pay NTT Docomo a $1.17 billion arbitration award upon termination of their telecom joint venture. The group paid Docomo in October same year.
Tata Teleservices, along with Vodafone Idea and Bharti Airtel, had filed review petitions before the Supreme Court against its earlier verdict on AGR dues. That petition was dismissed, following which the three went for modification applications. Vodafone Idea and Bharti Airtel face statutory dues of Rs 53,039 crore and Rs 35,586 crore, respectively.
The tussle between telcos and government over AGR dues concluded on October 24, 2019 when the top court upheld the government\u2019s definition.
Although the deadline has gone, DoT has directed its circle offices not to take any coercive action against the telcos till the Supreme Court\u2019s decision on the modification appeal.
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Now in the Telecom beat, I report on M&As, government policies, consumer behaviour and the legal battles involving investors, shareholders and companies. A degree in psychology and another one in journalism helps me break down a story and cover its impact from multiple perspectives. You can reach me on devina.sengupta@timesgroup.com and on Twitter - @DevinaET","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}]},"similarlytagged":[{"msid":"97702205","stname":"Govt becomes single largest shareholder in Vodafone Idea with 33.44% stake","artsyn":"The government will thus become the single largest shareholder in Vi after converting the NPV (net present value) of the interest on deferred spectrum payments and adjusted gross revenue-related dues amounting to Rs 16,133 crore.","seolocation":"telecomnews\/govt-gets-33-44-pc-stake-in-vodafone-idea-post-equity-allocation","seolocationalt":"Govt becomes single largest shareholder in Vodafone Idea with 33.44% stake","url_seo":"govt-gets-33-44-pc-stake-in-vodafone-idea-post-equity-allocation"},{"msid":"97672877","stname":"Government expects Vodafone Idea to begin 5G rollout to meet licence obligations","artsyn":"\"We have sold the spectrum to them, and we expect them to roll out because there are minimum rollout obligations,\" telecom secretary K Rajaraman told ET when asked about Vi's pending 5G rollout. He added that the government has implemented what was approved in the reforms package, in response to a query on the equity conversion.","seolocation":"telecomnews\/government-expects-vodafone-idea-to-begin-5g-rollout-to-meet-licence-obligations","seolocationalt":"Government expects Vodafone Idea to begin 5G rollout to meet licence obligations","url_seo":"government-expects-vodafone-idea-to-begin-5g-rollout-to-meet-licence-obligations"},{"msid":"97659300","stname":"Govt decision to convert Vodafone Idea's interest on dues to equity to keep telco away from NCLT: Analysts","artsyn":"Analysts said Vi would face serious challenges in funding its annual spectrum payments after the four-year moratorium ends in 2024-25 unless its average revenue per user (ARPU) more than doubles to over Rs 300. Vi\u2019s ARPU, a key performance metric, was a modest Rs 131 at the end of September 2022.","seolocation":"telecomnews\/govt-decision-to-convert-vodafone-ideas-interest-on-dues-to-equity-to-keep-telco-away-from-nclt-analysts","seolocationalt":"Govt decision to convert Vodafone Idea's interest on dues to equity to keep telco away from NCLT: Analysts","url_seo":"govt-decision-to-convert-vodafone-ideas-interest-on-dues-to-equity-to-keep-telco-away-from-nclt-analysts"},{"msid":"96029824","stname":"Vodafone Idea in talks with ATC on extending conv bond issue timelines","artsyn":"Vi, though, said it\u2019s in discussion with ATC for extension of the agreement and a fresh shareholders approval will be sought as required.","seolocation":"telecomnews\/vodafone-idea-in-talks-with-atc-on-extending-conv-bond-issue-timelines","seolocationalt":"Vodafone Idea in talks with ATC on extending conv bond issue timelines","url_seo":"vodafone-idea-in-talks-with-atc-on-extending-conv-bond-issue-timelines"},{"msid":"92576138","stname":"Airtel opts to defer around Rs 3000 crore AGR dues for FY18, FY19 by 4 yrs","artsyn":"The Sunil Mittal-led telco, though, has decided against availing the option to convert accrued interest on such statutory dues into government equity, the official added.","seolocation":"telecomnews\/airtel-opts-to-defer-around-rs-3000-crore-agr-dues-for-fy18-fy19-by-4-yrs","seolocationalt":"Airtel opts to defer around Rs 3000 crore AGR dues for FY18, FY19 by 4 yrs","url_seo":"airtel-opts-to-defer-around-rs-3000-crore-agr-dues-for-fy18-fy19-by-4-yrs"},{"msid":"92403519","stname":"Vodafone Idea opts to pay Rs 8,837 crore dues in 6 annual instalments","artsyn":"Bharti Airtel, which got a similar offer to defer its dues of about Rs3,000 crore for the period, is \u201cstudying the option and will respond by the deadline (June 30),\u201d a person familiar with the matter said. This offer doesn\u2019t apply to Reliance Jio Infocomm, which doesn\u2019t have pending dues for the period, said another person. Airtel and Jio didn\u2019t comment.","seolocation":"telecomnews\/vodafone-idea-defers-rs-8837-crore-agr-dues-payment-gets-option-to-pay-interest-via-equity","seolocationalt":"Vodafone Idea opts to pay Rs 8,837 crore dues in 6 annual instalments","url_seo":"vodafone-idea-defers-rs-8837-crore-agr-dues-payment-gets-option-to-pay-interest-via-equity"},{"msid":"90631506","stname":"Telcos can defer annual AGR dues by 4 years, DoT may tell SC","artsyn":"As per the annual compliance report the government needs to submit to the Supreme Court each year, DoT will also inform that because of the deferral in payment timelines, bank guarantees (BGs) would also be returned to the carriers, a senior government official told ET.","seolocation":"telecomnews\/telcos-can-defer-annual-agr-dues-by-4-years-dot-may-tell-sc","seolocationalt":"Telcos can defer annual AGR dues by 4 years, DoT may tell SC","url_seo":"telcos-can-defer-annual-agr-dues-by-4-years-dot-may-tell-sc"},{"msid":"90554911","stname":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","artsyn":"The fresh calculation shows AGR liability on Bharti Airtel was Rs 31,280 crore, Vodafone Idea Rs 59,236.63 crore, Reliance Jio Rs 631 crore, BSNL Rs 16,224 crore, MTNL Rs 5,009.1 crore up to financial year 2018-19.","seolocation":"telecomnews\/telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan","seolocationalt":"Telecom operators owe Rs 1.65 lakh crore to govt in AGR dues: Chauhan","url_seo":"telecom-operators-owe-rs-1-65-lakh-crore-to-govt-in-agr-dues-chauhan"},{"msid":"90041193","stname":"DoT may return telcos' Rs 23,000-crore bank guarantees","artsyn":"As reported by ET in its March 2 edition, Vi had sought release of BGs worth around Rs 15,000 crore, and freezing of the AGR dues on October 24, the day of the Supreme Court judgment. The telco had told DoT that potential external investors were seeking clarifications on both these points as the loss-making service provider races to raise funds by the self-mandated March-end deadline.","seolocation":"telecomnews\/dot-may-return-telcos-rs-23000-crore-bank-guarantees","seolocationalt":"DoT may return telcos' Rs 23,000-crore bank guarantees","url_seo":"dot-may-return-telcos-rs-23000-crore-bank-guarantees"},{"msid":"89958693","stname":"AGR dues: TDSAT says public, private sector cos cannot be treated differently","artsyn":"TDSAT's latest ruling is on a review petition filed by Netmagic Solutions and Data Ingenious Global. The review petition was against the appellate tribunal's order -- issued on November 19, 2020 -- wherein the plea regarding exemption of PSUs from paying AGR dues was rejected citing the apex court order dated October 24, 2019.","seolocation":"telecomnews\/agr-dues-tdsat-says-public-private-sector-cos-cannot-be-treated-differently","seolocationalt":"AGR dues: TDSAT says public, private sector cos cannot be treated differently","url_seo":"agr-dues-tdsat-says-public-private-sector-cos-cannot-be-treated-differently"},{"msid":"89358458","stname":"Tata Tele follows listed arm TTML in not offering equity for AGR dues","artsyn":"TTSL had informed the telecom department of its desire to convert interest dues of Rs 4,139 crore into government equity, which was an option given in the telecom relief package announced last September.","seolocation":"telecomnews\/tata-tele-follows-listed-arm-ttml-in-not-offering-equity-for-agr-dues","seolocationalt":"Tata Tele follows listed arm TTML in not offering equity for AGR dues","url_seo":"tata-tele-follows-listed-arm-ttml-in-not-offering-equity-for-agr-dues"},{"msid":"89290988","stname":"Tata Teleservices zooms 5%; co shelves plan for conversion of AGR dues to equity","artsyn":"If the deal had gone through, it would have led to a dilution of all the existing shareholders, including the promoters \u2013 Tata group companies \u2014 which hold 74.36%.","seolocation":"telecomnews\/tata-teleservices-zooms-5-co-shelves-plan-for-conversion-of-agr-dues-to-equity","seolocationalt":"Tata Teleservices zooms 5%; co shelves plan for conversion of AGR dues to equity","url_seo":"tata-teleservices-zooms-5-co-shelves-plan-for-conversion-of-agr-dues-to-equity"},{"msid":"88724345","stname":"Vodafone Idea clears Rs 818 crore statutory dues","artsyn":"\u201cVodafone Idea deposited Rs 818 crore on December 31 as LF & SUC based on self assessment by the company,\u201d a senior government official told ET. Another official said with this payment, their statutory dues with the DoT stand clear as of now.","seolocation":"telecomnews\/vodafone-idea-clears-rs-818-crore-statutory-dues","seolocationalt":"Vodafone Idea clears Rs 818 crore statutory dues","url_seo":"vodafone-idea-clears-rs-818-crore-statutory-dues"},{"msid":"87364444","stname":"Jio refuses 4 year spectrum, AGR moratorium","artsyn":"Recently, Jio paid Rs 10,792 crore to the Department of Telecommunications (DoT), clearing all dues towards spectrum bought in the 2016 auctions.","seolocation":"telecomnews\/jio-refuses-4-year-spectrum-agr-moratorium","seolocationalt":"Jio refuses 4 year spectrum, AGR moratorium","url_seo":"jio-refuses-4-year-spectrum-agr-moratorium"},{"msid":"87263819","stname":"DoT amends AGR definition to remove non-core items","artsyn":"In a note issued late Monday night, the DoT introduced the concept of the applicable gross revenue (ApGR), which is arrived at by removing all the non-telecom revenues earned by telcos from their gross revenue (GR). Analysts say non-core items currently make up around 10% of a telco\u2019s total revenue.","seolocation":"telecomnews\/dot-amends-agr-definition-to-remove-non-core-items","seolocationalt":"DoT amends AGR definition to remove non-core items","url_seo":"dot-amends-agr-definition-to-remove-non-core-items"},{"msid":"87217380","stname":"AGR, spectrum moratorium may provide medium-term liquidity buffer to telcos: Ind-Ra","artsyn":"\u201cInd-Ra believes the reforms related to the four years of moratorium\/deferment for both the AGR dues and spectrum liabilities (other than the ones auctioned in 2021) are likely to provide a medium-term liquidity buffer to telcos, while not impacting the actual liability to be paid by them,\u201d it said.","seolocation":"telecomnews\/agr-spectrum-moratorium-may-provide-medium-term-liquidity-buffer-to-telcos-ind-ra","seolocationalt":"AGR, spectrum moratorium may provide medium-term liquidity buffer to telcos: Ind-Ra","url_seo":"agr-spectrum-moratorium-may-provide-medium-term-liquidity-buffer-to-telcos-ind-ra"},{"msid":"86250201","stname":"Telecom & the AGR Saga","artsyn":"In a significant decision on Wednesday, the government announced that the definition of AGR will be rationalised and non telecom revenue will be excluded on prospective basis.","seolocation":"telecomnews\/telecom-the-agr-saga","seolocationalt":"Telecom & the AGR Saga","url_seo":"telecom-the-agr-saga"},{"msid":"85613273","stname":"View: Try sale and lease back for spectrum","artsyn":"\"\u200b\u200bThe desire to offer relief to the sector is welcome, but staggering the dues arising from delayed payment of adjusted gross revenue (AGR) shares over 20 years, instead of 10, is likely to prove inadequate. The government has to think more creatively\"","seolocation":"telecomnews\/view-try-sale-and-lease-back-for-spectrum","seolocationalt":"View: Try sale and lease back for spectrum","url_seo":"view-try-sale-and-lease-back-for-spectrum"},{"msid":"85582066","stname":"Govt mulls ways to let telcos pay AGR dues over 20 years","artsyn":"Any government bid to relax the AGR payment tenure needs to take into account the Supreme Court ruling, which mandated telcos to pay their dues over 10 years, through March 31, 2031. This was despite the cabinet having recommended a 20-year time frame to pay those dues.","seolocation":"telecomnews\/govt-mulls-ways-to-let-telcos-pay-agr-dues-over-20-years","seolocationalt":"Govt mulls ways to let telcos pay AGR dues over 20 years","url_seo":"govt-mulls-ways-to-let-telcos-pay-agr-dues-over-20-years"},{"msid":"84879558","stname":"Bharti Airtel, Vodafone Idea to hike prepaid rates to meet AGR dues","artsyn":"Goldman Sachs said \u201cAirtel could potentially be the first operator to raise prices in the prepaid smartphone segment,\u201d and sees \u201ca high likelihood of Vi following its (read: Airtel's) actions over the next few days\u201d.","seolocation":"telecomnews\/bharti-airtel-vodafone-idea-to-hike-prepaid-rates-to-meet-agr-dues","seolocationalt":"Bharti Airtel, Vodafone Idea to hike prepaid rates to meet AGR dues","url_seo":"bharti-airtel-vodafone-idea-to-hike-prepaid-rates-to-meet-agr-dues"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"8275485","value":"agr dues","smid":"0","keynameseo":"agr-dues","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"155206","value":"Verizon Communications","smid":"0","keynameseo":"Verizon-Communications","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"8273157","value":"telecom crisis","smid":"0","keynameseo":"telecom-crisis","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6357150","value":"tcs","smid":"0","keynameseo":"tcs","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6359475","value":"tata teleservices","smid":"0","keynameseo":"tata-teleservices","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"46894","value":"Tata Sons","smid":"0","keynameseo":"Tata-Sons","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6357585","value":"tata consultancy services","smid":"0","keynameseo":"tata-consultancy-services","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"Industry","smid":"0","keynameseo":"Industry","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"tata consultancy services"},{"name":"Verizon Communications"},{"name":"tata teleservices"},{"name":"telecom crisis"},{"name":"Tata Sons"},{"name":"agr dues"},{"name":"Industry"},{"name":"tcs"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["agr dues","Verizon Communications","telecom crisis","tcs","tata teleservices","Tata Sons","tata consultancy services","Industry"],"filterTags":[]},"breadcrumbTags":["agr dues","Verizon Communications","telecom crisis","tcs","tata teleservices","Tata Sons","tata consultancy services","Industry"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/tata-sons-may-bank-on-tcs-to-clear-teleservices-agr-dues\/73719044"}" data-news-images="null" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
赞助的故事
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