Telcos Debt

Considers US-like 'rip & replace' scheme to help telcos shift to 'trusted sources' to ensure national security

Goldman Sachs said Vi would need a sharp capital raise or a tariff increase to remain competitive. It is the only telco which has not yet given a timeline to launch its 5G services

Telecom service providers' gross revenue declined by 1.36 per cent on a year-on-year basis to Rs 67,300 crore in the July-September 2021 quarter, according to a Trai report released on Monday

Analysts say investors could steer clear of stocks in the sectors that have high debt and high impact on revenues because of the Covid-19 pandemic

The demand makes sense, given the huge gap between what the operators, based on their assessment of the dues, are paying as compared with the DoT's demand

The telecom industry had been pinning its hopes on the Union Budget to offer some breather on licence fee and spectrum usage levies

Prasad said telecom companies owe the government Rs 92,642 crore in unpaid licence fee, and another Rs 55,054 crore in outstanding spectrum usage charges

SBICap Securities said VIL reported a net loss of Rs 50,921 crore on the back of provisioning for the liability arising from the Supreme Court ruling on the AGR issue

As the telecom sector continues to experience severe stress, the Indian Banks' Association (IBA) has sought to allow mobile operators undergoing restructuring as part of RBI schemes to surrender liberalized spectrum and any excess upfront payment associated with such spectrum should be refunded.In a letter dated November 29 addressed to Department of Telecommunications (DoT) Secretary Aruna Sundararajan, the IBA has also requested to expedite the process for announcing various relief measures for the telecom operators as it is becoming difficult for them to survive and to service debt without the immediate support of the government.The total liabilities of the telecom industry amount to Rs 7,75,000 crore as on March 2017, of which the bank borrowings and liabilities towards spectrum payment to DoT amount to Rs 5,80,000 crore.Some of the mobile operators are undergoing financial restructuring under various RBI schemes. As part of the debt restructuring, the mobile operators have ...