The company has made payment in compliance with Telecom Department's instructions for self assessment, Mittal said, adding that the Supreme Court had not mentioned specific amounts.
Telecommunication companies buying airwaves in an Indian auction next month will pay 5 per cent of their revenue as an annual fee.
Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country.
'At present Metaverse is a hype cycle.' 'If it succeeds, then I would like to see TCS there, too.'
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.
Toughens stand days before cooling-off period ends
Taking a tough stand on the failure by mobile operators to verify subscriber documents, the government on Monday issued them directives to carry out special authenticity checks for bulk connections.
The finance ministry is likely to favour an approach that would take into account the payment capabilities of telecom companies while deciding the price and process for spectrum auction this year.
Likely to seek FIPB approval to raise holding; deal could bring FDI of about $696 mn.
With their net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies, says Romita Majumdar.
Already with a presence in Kenya's telecom sector through a brand called 'Yu', Essar is looking to strengthening its foothold in the rapidly growing African market.
A telcom operator said since there is a CBI investigation over alleged irregularties in the license and spectrum allotment going on, the minister may try to win over the industry by asking them not to be perturbed over the development and focus on operations and customers.
Many say Tata Motors has perhaps paid the price for being too ambitious.
A bench headed by Justice Arun Mishra declined to accept the proposal given by senior advocate Mukul Rohatgi, appearing for Vodafone, after he mentioned the matter. Rohatgi said they are willing to pay Rs 2,500 crore today (Monday) and another Rs 1,000 crore by Friday but no coercive action be taken against the company. He urged the bank guarantee deposited with the government by Vodafone should also not be encashed.
The recent Indian telecom spectrum auction will hasten industry consolidation, strengthen tariffs and reduce regulatory risks.
The income tax department has moved the Supreme Court stating that private telecom service providers are liable to deduct tax at source for the payments made to state-owned BSNL and MTNL for inter-connectivity.
In April, DoT introduced a graded penalty system under which operators pay Rs 50,000 per subscriber if more than 20 per cent of their user base is without valid identity documents.
Decisions of the Telecom Regulatory Authority of India (Trai) have been under scrutiny for a while.
Telenor of Norway and Sistema of Russia - on Friday asserted that they would take legal measures.
Deconstructing the numbers shows companies have bid smartly to get the best deals.
According to the police, Delhi-Ghazipur border remains closed for traffic due to the farmers' protests. The commuters are suggested to take alternate routes via Anad Vihar, Chilla, DND, Apsara, bhopra and Loni borders, it added.
The Department of Telecommunications (DoT) on Thursday came out with a notification under which a UASL (Universal Access Service Licence) holder will have a lock-in period of three years or till the fulfilment of rollout obligations, whichever is earlier, before promoters can sell their equity stake.
Filing an affidavit before the TDSAT, the department of telecommunication has requested the tribunal to dismiss the petition of telecom operators challenging the government directive to stop 3G roaming immediately.
Number of 3G subscribers in India is more than 12.2 million.
Chiefs of leading telecom firms, including Sunil Mittal of Bharti Airtel, Anil Ambani of RCom and Vittorio Colao of Vodafone, met Telecom Minister Kapil Sibal on Wednesday and placed their views.
Indian industry snubbed Google Play's decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its "abrasive & monopolistic abuse" as it owns the Android system. Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue.
The 3G and broadband wireless access spectrum auction is running into further controversies with a section of telecom firms opposing the timing of the auction and internet companies planning to move the Prime Minister's Office.Even though Reliance Communications is ready with $1-billion investment for 3G rollout, it intends to focus on GSM rollout at the moment. The company is "receptive to the opinion that the 3G auctions should be held at a later date," a source said.
A total of 10.42 million wireless (GSM, CDMA and WLL) subscribers have been added during October 2008 against 10.07 million wireless subscribers added in September 2008, the Telecom Regulatory Authority of India said. The total wireless subscribers stood at 325.73 million at the end of October 2008.
Mittal said he discussed a plethora of issues with Commerce and Industry Minister Piyush Goyal and sought the government's support for faster clearances to streamline the group's investment plans.
Home Ministry sources said all telecom operators in the country had been asked not to issue SIM cards without verification or in bulk.
Telecom operator Bharti Airtel on Monday announced 20-25 per cent tariff hikes for various prepaid offerings, including tariffed voice plans, unlimited voice bundles and data top-ups, and said the new rates will come into effect from November 26. The entry-level tariffed voice plan has been raised by about 25 per cent, while for unlimited voice bundles, the increase in most cases is about 20 per cent. Sunil Mittal led telco -- whose India mobile customer base stood at about 323 million at the last count -- has also increased the tariffs for data top-up plans by about 20-21 per cent
Firms to pay Rs 24,700 cr if spectrum formula is accepted.
It has invested $2 billion and spent $200 million on its R&D centre in Bengaluru, the largest such centre outside China where some core technologies are under development.
The central government, which is also party to the case, informed a bench of justices G S Singhvi and A K Ganguly that it is in favour of setting up a special court to try the accused in the 2G case and the law minister has written a letter to the Delhi high court chief justice asking him to constitute a court and identify a judge for this purpose.
Bharti's ratings headroom is likely to improve with an equity infusion, planned asset sales and growing EBITDA from Africa.
Steep pre-paid tariff cuts at the start of the year in January could mean lower revenue growth for telecom operators in the March 2008 quarter. Moreover, minutes of usage (MOU) are unlikely to be very much higher since industry watchers feel users will take some amount of time to react to the tariff cuts. The operating profit growth these telcos could be in the region of 6-7 per cent. However, net profits may remain flat sequentially due to foreign exchange fluctuations.
DoCoMo's exit from Tata Teleservices highlights the struggle of smaller operators even as the outlook improves for bigger players.
