Companies Indian Subcontinent Industries Market Supreme Court

Supreme Court gives time for telecom firms to pay back AGR dues in 10 years

Telecom providers pay the department of telecommunications (DoT) nearly 3-5% of their AGR in usage charges for spectrum or airwaves and 8% of AGR as licence fees.   The top court had in its verdict on October 24, 2019, upheld the interpretation given to the definition of AGR by DoT and included revenues from various Read More…

Companies Indian Subcontinent Industries Supreme Court Technology

Modi Govt butress Spectrum to Jio , Airtel using solvency route : Supreme Court reserves verdict

After several rounds of hearings and a year later, the Supreme Court has reserved its judgment on the adjusted gross revenue (AGR) case.   On the last day of hearing on Monday, the court warned that if telecom companies are unwilling to pay their dues, it would direct the Union government to cancel their spectrum Read More…

Indian Subcontinent

BSNL 4G services yet to Commence.. Unions Complaints vested interest behind block

[splco_heading size=”15″ align=”left” margin=”30″]It is important to recall here that in order to roll out 4G services, BSNL floated a tender on March 23 this year for the supply, deployment, and maintenance of 4G equipments at 50,000 sites, at a cost of around Rs 9,300 crores.[/splco_heading]   According to the unions, the Central Government had Read More…

Companies Market National Opinion Supreme Court

Jio growth to get slower after SC bars aadhaar link to SIM

The apex court order disallowing telcos from using the faster Aadhaar-based verification system could slow the pace of subscriber additions significantly, potentially delaying the company’s plan to acquire a 50% revenue market share, analysts said.  Jio added 11.78 million customers in July, outpacing Airtel’s 313,000, Vodafone India’s 609,000 and Idea Cellular’s paltry 5,489, according to Read More…