The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
The government has so far received about Rs 26,000 crore from AGR payments, including adhoc/ buffer amounts given by telcos to meet any reconciliation differences with the telecom department.
The Department of Telecom may bar operators holding 3G airwaves from sharing the high-speed spectrum.
Bharti Airtel, Vodafone, Reliance Jio Infocomm and five other telecom firms will battle it out at the spectrum auction tomorrow, from which the government expects to garner at least Rs 11,300 crore (Rs 113 billion).
American Tower bulks up in India with $1.2 billion Viom stake buy
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Telecom operator Vodafone has been the top gainer of customers through mobile number portability facility while Reliance Communications is the biggest loser.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
To bring clarity, the department clearly defines terms such as promoter and competitor.
DoT though failed to implement TRAI's recommendations to levy spectrum usage charge
Jio is in a neck and neck battle with Airtel, which added a similar number of subscribers as Jio in the 15 months from February 2017 to April 2018
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
Attempts are being made to balance the need for health of the sector, consumer interest while complying with the Supreme Court order on statutory dues.
PE giants Apollo, Bain Capital and Advent International are keen to pick stake in Viom
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
Bulk of these customers use 2G phones and are still focused on voice services and might prove useful for both Bharti Airtel and the Idea-Vodafone combine.
Telecom companies have put in bids worth Rs 58,332 crore (Rs 583.32 billion) in spectrum auction at the end of 49 rounds on the 7th day of bidding on Monday.
The auction started off with the 36th round this morning. At the end of 35 rounds on Friday, bids worth around Rs 54,600 crore had been received by the government.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Both the indices ended at their highest levels since February 1.
In July 2012, TDSAT gave split verdict where one of the bench member ruled in favour and other member ordered against it.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
The country's wireless subscriber base fell to 87.05 crore at the end of September, registering the first drop in five months, after Reliance Communications deactivated services of over 1 crore "unprofitable" users.
Ambani's $15 bn bet will upend Indian telecom
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
India's largest-ever spectrum auction kicked off on Saturday with major telecom operators placing bids worth Rs 53,531 crore across bands, even as the premium 700 Mhz and 900 Mhz frequencies did not find any buyer.
From crisis leaders to future Goliaths, India Inc saw them all in 2017, says Shailesh Dobhal.
Govt is set to garner Rs 1 lakh crore from sale of radiowaves.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
The Supreme Court on Friday directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them for non-compliance of its order to pay adjusted gross revenue (AGR) of Rs 1.47 lakh crore to the department of telecommunications.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances