Adjusted gross revenue News

Govt is likely to defer dues for the next 4 years, but instalments will have to be paid after 5 years The govt, however, is unlikely to extend 10 year period as ordered by the apex court, sources said

Vodafone Idea is a joint venture between Britain`s Vodafone and India`s Idea Cellular. It has recently approved plan to raise up to Rs 25,000 crore through a combination of equity and debt instruments. The upcoming fundraising will offer a lifeline to cash-strapped VIL.

Vodafone Idea on Friday approved plan to raise up to Rs 25,000 crore. The fund-raising will throw a lifeline to cash-strapped VIL. It faces outstanding AGR dues of about Rs 50,000 crore.

The board will also consider raising funds through securities. Besides, VIL's 11.15 per cent stake in Indus Towers has an estimated value of Rs 4,040 crore. Vodafone Idea has outstanding dues of Rs 58,250 crore till 2016-17.

The Supreme Court (SC) on Thursday (January 16) rejected the petition of the telecom companies to review its judgement passed on October 24, 2019 ordering the telecom companies to pay dues amounting to around Rs 92,000 crore over the companies’ Adjusted Gross Revenues (AGR).

The monthly average revenue per user (ARPU) of GSM operators increased by 5.8 percent year-on-year to Rs 118.

Telecom regulator TRAI Tuesday recommended that the USO levy, a part of licence fee paid by operators, should be reduced to 3 percent of their adjusted gross revenue (AGR) from the current 5 percent.