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๐ถTelecom Industry in ๐ The telecom companies had to pay a huge amount to the government of India ๐ See the full info : These companies use๐ป radio waves (spectrum) to run mobile and internet services. But the government owns that spectrum, so companies have to pay for using it โ like paying rent. The amount they have to pay is based on something called AGR (Adjusted Gross ๐ตRevenue) โ which means the total money a company makes, including non-core income. The government takes a share of AGR as fees/taxes. For years, the companies underpaid or avoided paying the full AGR dues. Now, the Supreme Court has said: No discounts. Pay all the pending money. This is a huge financial blow, especially for Vodafone Idea (Vi), which is already in deep financial trouble.โ๏ธ If Vi canโt manage to pay, then it may not be able to continue operating in the future.
Become the 1%ย โขย 6m
"Airtel Says 'Me Too!'โJoins Vi in Swapping Dues for Shares in the Great Telecom Trade-Off" Looks like Airtel just said, โHey Vi, wait up!โ and jumped on the equity swap bandwagon for spectrum dues. Itโs like paying your rent with company sharesโbec
See MoreFiguring Outย โขย 1y
If you think that all the telecom companies were closed due to Jio, So you are wrong! So untill 2002, companies didn't had to pay any fees in India. But in 2002, gov said that now they will have to pay licence fees as well as 8-12% of all revenue.
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Vodafone Idea has announced that the Indian government will convert its outstanding spectrum auction dues into equity shares valued at โน36,950 crore. As a result of this conversion, the government's stake in the telecom company will rise significan
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