Discover and read the best of Twitter Threads about #AGRDues
Most recents (13)
BIG UPDATE in TELECOM -
Vodafone Idea to be a Government-owned company now!
The Board approves conversion of AGR and spectrum liabilities into Equity! This will lead to a huge dilution for all shareholders!
Vodafone Idea to be a Government-owned company now!
The Board approves conversion of AGR and spectrum liabilities into Equity! This will lead to a huge dilution for all shareholders!
Offers 35% stake to Govt at 10 Rs Valuation
The government will be 35.8% , Vodafone will hold 28.5% and Birla Group will hold 17.5% stake
Deal is subject to Govt Approval
The government will be 35.8% , Vodafone will hold 28.5% and Birla Group will hold 17.5% stake
Deal is subject to Govt Approval
Considering Equity Dilution and stake sale to Govt (means they don't have other investors to invest) : its negative for the company in longer term
While another problem is What If govt dont accept the conversion and equity stake
While another problem is What If govt dont accept the conversion and equity stake
#SupremeCourt bench led by Justice L Nageswara Rao to deliver the interim judgement on the petitions of telecom companies like Bharti Airtel and Vodafone Idea seeking direction for correction of errors in Adjusted Gross Revenue (#AGR) calculation @airtelindia @VodafoneGroup
The plea by Vodafone Idea seeks a modification or a clarification on orders which had held that the Rs 58,400 crore claimed by the telecom department to be the final AGR due amount, pointing out arithmetical errors in the government’s calculations. @VodafoneGroup
TATA too seeking recalculation of its dues has stated that Rs. 4197 cr has already been deposited by Tata Teleservices as AGR dues with DoT #supremecourt @TataCompanies
#SupremeCourt to shortly hear the adjusted gross revenues (AGR) case. Last year, the top court had reaffirmed dues payable by the telecom companies, particularly, Bharti Airtel and Vodafone Idea (VI)
#AGRDues #agr @VodafoneGroup @airtelnews
#AGRDues #agr @VodafoneGroup @airtelnews
.@airtelnews AGR dues last year were Rs 43,000 crore while for Vodafone Idea it was over Rs 58,000 crore. However, the two telecom majors moved #SupremeCourt early this year stating there were a number of errors that were made in arriving at those AGR dues. SC to hear today
#AGRverdict | Supreme Court asks #Airtel, #Vodafone Idea and others to pay AGR dues over 10 years - by @jainrounak
businessinsider.in/business/telec…
businessinsider.in/business/telec…
@jainrounak #AGRverdict | The Supreme Court delivered the adjusted gross revenue (AGR) case verdict today, asking Airtel, Vodafone Idea and other telecom companies to pay their dues over a 10-year period.
Read more here on #AGRcaseverdict here: bit.ly/2EI4BVS
Read more here on #AGRcaseverdict here: bit.ly/2EI4BVS
JUDGMENT ALERT: AGR DUES
Supreme Court today will deliver its judgment on the timeframe to be allowed for the telecom companies to make staggered payment of their AGR dues.
#SupremeCourt @DoT_India #AGR @VodafoneIN @airtelindia @reliancejio
Supreme Court today will deliver its judgment on the timeframe to be allowed for the telecom companies to make staggered payment of their AGR dues.
#SupremeCourt @DoT_India #AGR @VodafoneIN @airtelindia @reliancejio
A three-Judge Bench headed by Justice Arun Mishra will also answer whether spectrum can be sold under IBC proceedings, a question the Bench had raised during the hearings on the case.
#SupremeCourt #AGR
#SupremeCourt #AGR
The Judgment is expected to be pronounced at 11.30AM.
The Court is also likely to rule on the liability of telecom companies towards AGR under Spectrum sharing and spectrum trading agreements.
#SupremeCourt #AGR
The Court is also likely to rule on the liability of telecom companies towards AGR under Spectrum sharing and spectrum trading agreements.
#SupremeCourt #AGR
AGR DUES:
Supreme Court begins hearing the case concerning payment of Adjusted Gross Revenue (AGR) dues by telecom companies.
The Court is currently considering the question of whether Spectrum can be sold under IBC proceedings.
#SupremeCourt
#agrcase #AGRhearing
Supreme Court begins hearing the case concerning payment of Adjusted Gross Revenue (AGR) dues by telecom companies.
The Court is currently considering the question of whether Spectrum can be sold under IBC proceedings.
#SupremeCourt
#agrcase #AGRhearing
Senior Advocate Ravi Kadam appearing for Aircel's monitoring committee is the first to address Court today.
#SupremeCourt #AGRhearing #AGR
#SupremeCourt #AGRhearing #AGR
Kadam apprises the Court of the IBC proceedings Aircel is undergoing.
Kadam submits that an affidavit has been filed on behalf of Aircel before the Supreme Court.
#SupremeCourt #AGR #AGRhearing @Aircel @airtelindia
Kadam submits that an affidavit has been filed on behalf of Aircel before the Supreme Court.
#SupremeCourt #AGR #AGRhearing @Aircel @airtelindia
AGR DUES CASE
#SupremeCourt to shortly begin its hearing in case concerning payment of AGR dues by telecom companies.
The Court is currently hearing telecos undergoing IBC proceedings on the larger question of whether Spectrum can be sold under IBC proceedings.
#SupremeCourt to shortly begin its hearing in case concerning payment of AGR dues by telecom companies.
The Court is currently hearing telecos undergoing IBC proceedings on the larger question of whether Spectrum can be sold under IBC proceedings.
Senior Counsel Harish Salve first to make submissions. There is a potential area of difference between DOT and lenders
#AGR #AGRhearing #JusticeMishra
#AGR #AGRhearing #JusticeMishra
AGR DUES:
Supreme Court to shortly begin hearing the case concerning payment of Adjusted Gross Revenue (AGR) dues by Telecom companies.
#SupremeCourt
#AGR
@VodafoneIN @airtelindia @reliancejio
Supreme Court to shortly begin hearing the case concerning payment of Adjusted Gross Revenue (AGR) dues by Telecom companies.
#SupremeCourt
#AGR
@VodafoneIN @airtelindia @reliancejio
In the previous hearing, the Supreme Court had posed the question as to why Reliance Jio, which is using RCom's spectrum under spectrum sharing agreement, should not be paying RCom's AGR dues.
@reliancejio
#SupremeCourt
@reliancejio
#SupremeCourt
This issue was raised when the Court was hearing ailing telecos on the question of whether Spectrum can be sold under IBC proceedings.
DOT had maintained, Spectrum is national property, cannot be sold by companies.
#SupremeCourt
#AGRDues
barandbench.com/news/litigatio…
DOT had maintained, Spectrum is national property, cannot be sold by companies.
#SupremeCourt
#AGRDues
barandbench.com/news/litigatio…
[AGR dues]
Supreme Court Bench headed by Justice Arun Mishra to begin hearing the matter on AGR dues to be paid by telecom companies shortly.
#SupremeCourt
@VodafoneIN @airtelindia
Supreme Court Bench headed by Justice Arun Mishra to begin hearing the matter on AGR dues to be paid by telecom companies shortly.
#SupremeCourt
@VodafoneIN @airtelindia
In the previous hearing, the Supreme Court had sought to know from Solicitor General Tushar Mehta if the spectrum can be sold by companies undergoing IBC proceedings.
Read that story here (barandbench.com/news/litigatio…) #Agr #agrdues
Read that story here (barandbench.com/news/litigatio…) #Agr #agrdues
《AGR Dues Case》
Justice Arun Mishra led bench of the Supreme Court to hear the adjusted gross revenue (AGR) case & is likely to give an order on allowing telecom companies to make staggered payments over a 15 year time period
#agrdues
#SupremeCourt
@VodafoneIN
@airtelindia
Justice Arun Mishra led bench of the Supreme Court to hear the adjusted gross revenue (AGR) case & is likely to give an order on allowing telecom companies to make staggered payments over a 15 year time period
#agrdues
#SupremeCourt
@VodafoneIN
@airtelindia
SC had on July 20 reserved its order on permitting telecom companies to make staggered payments over 15 years.
Vodafone Idea has to pay a balance of Rs 50,399 crore, while Bharti Airtel's outstanding amount is Rs 25,976 crore, said Solicitor General Tushar Mehta.
Vodafone Idea has to pay a balance of Rs 50,399 crore, while Bharti Airtel's outstanding amount is Rs 25,976 crore, said Solicitor General Tushar Mehta.
Regarding timeline of payment: Centre sought a 20 year period for payment of dues. Senior Adv Mukul Rohatgi appearing for Vodafone had agreed for 15 year period whereas TATA and other stakehokders agreed for a ten year period.
Justice Arun Mishra led bench of the Supreme Court to hear case concerning Adjusted Gross Revenue payable by telecom companies.
Earlier SC had asked all companies to submit their financial documents and plan to make the payment of the dues to the DoT
#AGR
#SupremeCourt
Earlier SC had asked all companies to submit their financial documents and plan to make the payment of the dues to the DoT
#AGR
#SupremeCourt
After the Supreme Court had questioned the DoT on its move to claim AGR dues from PSUs calling the act a "misuse" of the Supreme Court's judgment, the Centre had informed the Court earlier that the demand for AGR dues from PSUs stands withdrawn
#AGRDues
#telecomcompanies
#AGRDues
#telecomcompanies
Advocate Binu Tamta appears for Centre
Senior lawyer AM Singhvi for Bharti Airtel
Senior lawyer Mukul Rohatgi for Vodafone Idea
Senior lawyers Arvind Datar, Ramji Srinivasan for Tata Teleservices
Senior lawyer Kapil Sibal for Hughes Communications
Senior lawyer AM Singhvi for Bharti Airtel
Senior lawyer Mukul Rohatgi for Vodafone Idea
Senior lawyers Arvind Datar, Ramji Srinivasan for Tata Teleservices
Senior lawyer Kapil Sibal for Hughes Communications
#BREAKING | AGR case hearing begins in SC
DoT to SC: Filed affidavit on why AGR dues were sought from PSUs
DoT: Telcos have filed affidavits, need some time to file reply
@Airtel_Presence @VodafoneIN @Idea @DoT_India #AGR #AGRDues
@Airtel_Presence @VodafoneIN @Idea @DoT_India #AGR #AGRDues
Supreme Court Bench of Justices Arun Mishra, S Abdul Nazeer, and MR Shah to hear the matter concerning payment of AGR dues at 1130. @VodafoneIN @airtelindia
The Court had pulled up DoT for demanding AGR dues from PSUs observing that the judgment passed in October 2019 was silent on PSUs. The Court had also sought a response from telecom companies regarding their proposed mode and manner of payment of the dues.
Counsels during the last hearing:
SG Tushar Mehta for the Government
Abhishek Manu Singhvi for Airtel
Mukul Rohtagi had appeared for Vodafone
Kapil Sibal for Hughes Telecom
@KapilSibal @DrAMSinghvi @DoT_India
SG Tushar Mehta for the Government
Abhishek Manu Singhvi for Airtel
Mukul Rohtagi had appeared for Vodafone
Kapil Sibal for Hughes Telecom
@KapilSibal @DrAMSinghvi @DoT_India
