Cancel Preloader

Tags : "agr dues"

SC says govt should cancel licenses, auction spectrum if dues

The Supreme Court has said that the government should move to cancel licenses and spectrum if statutory dues are being wiped out. This will be tough for Reliance Communications (RCom) and Aircel, who are about to sell their assets including airwaves to a third party, but have pending adjusted gross revenue (AGR) dues. “The government […]Read More

Telecom stocks surge on reports about Cabinet nod to AGR

Vodafone Idea stock surged over 30% and Airtel jumped over 4% on reports that the Union Cabinet has approved a proposal for a relief package that will help operators reeling under the adjusted gross revenue (AGR) crisis. In afternoon trade, Vodafone Idea’s stocks surged by 30.24% at Rs 5.47 a share while rival Bharti Airtel’s […]Read More