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  Centre may hold 35.8% stake in Vodafone Idea as firm decides to convert dues liability into equity

  Business | January 11, 2022 12:23 IST

  If the plan goes through, then the government will become one of the biggest shareholders in the company which is reeling under a debt burden of about Rs 1.95 lakh crore.

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  Paid licence fee dues for first quarter of 2021-22: Vodafone Idea

  Business | August 19, 2021 14:22 IST

  VIL is in the grip of an existential crisis, and the debt-ridden telco's Q1 earnings and June quarter operational metrics announced on Saturday had left analysts disappointed.

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  Vodafone Idea files review petition in SC challenging its verdict on AGR dues

  Business | August 11, 2021 14:16 IST

  The Supreme Court in its judgement, headed by Justice L Nageswara Rao, had on July 23, had dismissed the petitions filed by Vodafone Idea, Bharti Airtel and many other telecom companies and refused their pleas seeking adjustment of AGR demand.

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  Kumar Birla steps down as non-executive chairman of Vodafone-Idea, Himanshu Kapania to replace him

  Business | August 04, 2021 21:08 IST

  Vodafone Idea board has elected non-executive director Himanshu Kapania as non-executive chairman after Kumar Mangalam Birla stepped down from the said posts, the company said on Wednesday.

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  AGR Case: SC dismisses plea by Bharti Airtel, Vodafone Idea alleging errors in calculation of dues

  India | July 23, 2021 11:52 IST

  The telecom companies had submitted before the apex court that arithmetical errors in the calculation be rectified and there are cases of duplication of entries.

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  Vodafone Idea moves SC over 'errors' in DOT's AGR calculation

  Business | January 08, 2021 15:57 IST

  The petition filed by the telco on Thursday said that payments made by the company have not been accounted for in the AGR demands issued by the department.

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  Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

  Business | September 08, 2020 14:55 IST

  The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. It further said another tariff hike of at least 20 per cent is probable in the next 12 months.

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  Amazon, Verizon likely to invest over $4 billion in Vodafone Idea: Report

  Business | September 03, 2020 12:40 IST

  The Vodafone Idea's stake-sale talks were paused because the outcome of a Supreme Court hearing on staggered payments of government dues was uncertain and could have threatened Vodafone Idea's survival.

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  SC gives telcos 10 yrs to pay AGR dues; 10 pc of dues to be paid by March 31 next year

  India | September 01, 2020 13:25 IST

  The Supreme Court on Tuesday allowed telecom companies to pay Adjusted Gross Revenue (AGR) charges within a period of ten years. The Bench of Justices Arun Mishra, S Abdul Nazeer and MR Shah laid down the timeframe within which telecom companies are required to clear their AGR dues in line with the Court's October 2019 judgment.

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  AGR woes: Vodafone Idea Ltd Q1 loss mounts to Rs 25,460 crore on high provisions

  Business | August 06, 2020 21:08 IST

  Vodafone Idea Ltd on Thursday reported widening of net loss to Rs 25,460 crore in the June quarter after it made additional provisioning to pay past statutory dues, and said its ability to continue as going concern hinges on the Supreme Court allowing more time to pay dues.  

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  Vodafone Idea pays another Rs 1,000 crore to govt towards AGR dues

  Business | July 18, 2020 17:40 IST

  Vodafone Idea on Saturday said it has paid additional Rs 1,000 crore to the government towards the statutory dues, taking its total payment to an aggregate Rs 7,854 crore. 

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  AGR woes: Funds from Vodafone, Infratel-Indus merger may aid VIL's upfront payment, say analysts

  Business | June 19, 2020 18:10 IST

  The planned merger of Bharti Infratel and Indus Towers and additional payment from Vodafone Plc may help crisis-hit Vodafone Idea make part upfront deposit for securing staggered payment of balance AGR dues, if the apex court permits, analysts said.  

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  Will withdraw 96 per cent of Rs 4 lakh cr AGR related dues raised against PSUs, Centre tells SC

  Business | June 18, 2020 13:22 IST

  A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah was informed by Solicitor General Tushar Mehta that DoT has filed an affidavit explaining the reason for raising the demand of AGR related dues against the PSUs.

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  AGR issue: Analysts say Bharti Airtel at lower risk, mixed views on Voda Idea sustainability

  Business | June 12, 2020 16:13 IST

  Bharti Airtel is better placed to offer guarantees for securing staggered payments, if permitted, in the AGR matter where the Supreme Court has asked private telcos for road map on payment, timelines, and the security they can furnish, said analysts while airing mixed views on sustainability of Vodafone Idea.

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  AGR dues case: SC strikes down DoT's Rs 4 lakh cr demand in AGR case, says no case against PSUs

  Business | June 11, 2020 15:02 IST

  A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah raised questions on the demand raised by the government from the PSUs and said that its verdict in the case was misinterpreted as the issue of their dues based on AGR was not dealt with by the apex court.

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  DoT plea to seek 20 year time for payment of AGR bears cabinet stamp

  Business | March 19, 2020 17:29 IST

  The Supreme Court will hear the government's rescue plan of giving telcos a 20-year repayment period for AGR dues during the next hearing scheduled after two weeks.

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  AGR Dues: Self-assessment of dues by Airtel, Voda Idea, Tatas Rs 82,300 crore short of DoT's math

  Business | March 18, 2020 16:45 IST

  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. 

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  Telecom shares crack; Vodafone Idea plunges 40 per cent

  Business | March 18, 2020 13:38 IST

  Vodafone Idea plunged 40 per cent to Rs 2.91 and Bharti Airtel declined 5 per cent to Rs 431.25 on the BSE. Both the companies erased their early gains and were trading with losses.

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  Self-assessment a sheer violation: SC on Centre's plea on payment of AGR dues by telecos

  India | March 18, 2020 13:19 IST

  In February, a bench headed by Justice Arun Mishra had initiated contempt proceedings against Deshpande who had passed a notification stating no coercive action should be taken against the telecom companies for not sticking to the apex court's stipulated January 23 payment deadline.

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  Supreme Court to hear Centre's plea on payment AGR dues by telecos

  India | March 18, 2020 9:58 IST

  The petition said that the Centre is dealing with the telecom service providers and it has found that telcos who are required to make the payments are catering to crores of consumers throughout the country.