The tower company also faces stiffer competition and potential loss of rental revenues.
The Supreme Court has rejected a curative petition for adjusted gross revenue (AGR) dues to be recalculated. This leaves VIL with a net AGR debt of $8.5 billion equivalent (₹70,300 crore) as of the April-June quarter (Q1) of financial year 2025 (FY25) (of which about 20 per cent is the principal) in addition to spectrum dues of about $17 billion (₹1.4 trillion).
VIL also owes Indus Towers around ₹4,600 crore, which are operational dues it is clearing. The cash-strapped telecom services company was hoping for a judgment that substantially reduced its AGR dues. As a result of the judgment, it may be forced to slow down network rollout, and this will also lead to further loss of market share to Airtel and Jio.
هذه القصة مأخوذة من طبعة September 27, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 27, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Sitharaman tables Manipur Budget with total expenditure of ₹35K cr
Finance Minister Nirmala Sitharaman on Monday tabled the Budget for financial year 2025-26 (FY26) for the strife-ridden state of Manipur with a total expenditure of ₹35,104 crore, up 7.5 per cent from the revised estimates of FY25.
India Needs to Innovate & Reduce Debt to Become Developed by 2047
India's gross domestic product (GDP) growth accelerated to 6.2 percent in the third quarter of FY25, up from 5.6 percent in the previous quarter.
Rupee Sees Worst Fall in 2 Weeks, Closing at 87.34 Against the Dollar
The rupee fell the most in two weeks, weakening by 0.52 percent against the dollar on Monday due to strong demand for dollars in the non-deliverable forward (NDF) market.
EU Investors Eye Fresh Investments in Indian Equities: Macquarie
Investors from the European Union (EU) nations are looking to make fresh investments in domestic equities by cutting their underweight position, according to financial giant Macquarie.
Simplilearn Plans to Relaunch Fresher Upskilling Vertical
Edtech Firm to Restart Study Abroad Programme as Well
Experts brainstorm on new possibilities in India's power sector by 2047 and Global Trends in Energy Transition @GRIDCON 2025
The theme of POWERGRID led GRIDCON 2025, a premier global event in the power transmission industry Innovations in Grid Resilience: Strategies for enhancing reliability Sustainability and Adaptability of Power Transmission System
Ukraine overtakes India as top arms importer: Sipri
India was world's biggest importer of arms in 2019-23
IndusInd Bank CEO search looms as shares drop 3.86%
Following the Reserve Bank of India's (RBI's) approval for only a one-year extension to IndusInd Bank's Managing Director (MD) and Chief Executive Officer (CEO) Sumant Kathpalia, instead of the three-year tenor requested by the bank's board, brokerages expect the bank to initiate the process of selecting a new CEO.
India's obesity crisis
Reorienting food policies can address the problem
Sun Pharma to expand oncology portfolio with Checkpoint buy
\"This acquisition further bolsters our innovative portfolio in onco-dermatology,\" Sun Pharma's Chairman and MD Dilip Shanghvi said.
