Sunday, January 29, 2023
198 Indonesia News
No Result
View All Result
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • INDONESIA USA TRADE NEWS
    • INDONESIA UK NEWS
    • INDONESIA NIGERIA NEWS
    • INDONESIA EU NEWS
    • INDONESIA AFRICA NEWS
    • INDONESIA RUSSIA NEWS
    • INDONESIA GULF NATIONS NEWS
    • INDONESIA INDIA NEWS
  • POLITICAL NEWS
  • MORE NEWS
    • TECHNOLOGY NEWS
    • IMMIGRATION
    • INDONESIA EDUCATION NEWS
    • INDONESIA VENTURE CAPITAL NEWS
    • INDONESIA JOINT VENTURE NEWS
    • INDONESIA MANUFACTURERS
    • INDONESIA BUSINESS HELP
    • INDONESIA UNIVERSITIES
    • 198INDONESIA MEDIA TRAINING
    • 198 TILG INDONESIA CEO NETWORKS
  • ASK IKE LEMUWA
  • REGISTER NGO
  • CONTACT US
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • INDONESIA USA TRADE NEWS
    • INDONESIA UK NEWS
    • INDONESIA NIGERIA NEWS
    • INDONESIA EU NEWS
    • INDONESIA AFRICA NEWS
    • INDONESIA RUSSIA NEWS
    • INDONESIA GULF NATIONS NEWS
    • INDONESIA INDIA NEWS
  • POLITICAL NEWS
  • MORE NEWS
    • TECHNOLOGY NEWS
    • IMMIGRATION
    • INDONESIA EDUCATION NEWS
    • INDONESIA VENTURE CAPITAL NEWS
    • INDONESIA JOINT VENTURE NEWS
    • INDONESIA MANUFACTURERS
    • INDONESIA BUSINESS HELP
    • INDONESIA UNIVERSITIES
    • 198INDONESIA MEDIA TRAINING
    • 198 TILG INDONESIA CEO NETWORKS
  • ASK IKE LEMUWA
  • REGISTER NGO
  • CONTACT US
No Result
View All Result
198 Indonesia News
No Result
View All Result
Home BUSINESS NEWS FROM AROUND THE WORLD

India announces measures to shore up telecoms sector; respite for Vodafone Idea

by 198indonesianews_v2w0tn
September 15, 2021
in BUSINESS NEWS FROM AROUND THE WORLD
0
Share on FacebookShare on Twitter

[ad_1]

Breadcrumb Path Hyperlinks

  1. PMN Know-how
  2. PMN Enterprise

Writer of the article:

Reuters

Sankalp Phartiyal and Aftab Ahmed

Article content material

NEW DELHI — India’s federal cupboard on Wednesday authorised a reduction bundle for its cash-strapped telecoms sector together with a four-year moratorium on airwaves funds as a result of authorities, the nation’s telecoms minister mentioned.

The deferred funds cycle will start from Oct. 1, telecoms minister Ashwini Vaishnaw advised a information convention, giving debt-ridden Vodafone Thought — which beforehand mentioned it runs the chance of a shutdown with out authorities assist — extra time to pay dues.

Commercial

This commercial has not loaded but, however your article continues under.

Article content material

Shares in Vodafone Thought rose 2.9% on the information whereas Bharti Airtel closed 4.5% up in a broader Mumbai market that closed 0.8% larger.

Bharti Airtel and Reliance Jio mentioned the measure will increase progress within the telecoms business. Vodafone Thought didn’t reply to a request for remark.

India’s telecoms sector bumped into bother in late 2016 with the entry of billionaire Mukesh Ambani’s Reliance Jio, sparking a value conflict that has compelled some rivals out of the market and turned income into losses.

Vaishnaw mentioned the federal government was altering the contentious definition of adjusted gross income (AGR) to rely solely telecoms income.

India had lengthy held that even corporations’ non-telecoms income was a part of AGR, resulting in a prolonged authorized battle which culminated in 2019 with the Supreme Courtroom siding with the federal government’s view and resulting in a hefty invoice of roughly $13 billion for wi-fi carriers.

Commercial

This commercial has not loaded but, however your article continues under.

Article content material

All telecoms reforms might be utilized going ahead and never retrospectively, Vaishnaw mentioned, which implies Indian carriers nonetheless should settle billions of {dollars} in excellent AGR funds to the federal government.

RESPITE FOR VODAFONE IDEA

The measures, which additionally embody a four-year deferral in funds of AGR dues, will seemingly ease the money crunch at Vodafone Thought.

The Supreme Courtroom had directed that corporations clear AGR dues by 2031.

Vodafone Thought, a mixture of the India unit of Britain’s Vodafone Group and home telecoms agency Thought Mobile, has paid the federal government 78.54 billion rupees ($1.07 billion) in AGR dues, however nonetheless owes roughly 500 billion.

It’s saddled with web debt of 1.91 trillion rupees and its billionaire chairman’s resignation final month sparked fears that India is perhaps left with simply two main carriers.

Commercial

This commercial has not loaded but, however your article continues under.

Article content material

On Wednesday, Vaishnaw mentioned the federal government didn’t desire a duopoly.

“We imagine that there must be wholesome competitors within the sector. And for that there might be additional reforms when the 5G spectrum is auctioned out … in order that increasingly more gamers can get into this sector,” Vaishnaw mentioned.

Bharti Airtel has mentioned it paid dues estimated at 180 billion rupees and authorities figures present it owes an additional 259.76 billion.

India’s latest service, Reliance Jio has already paid its small share of AGR dues.

The cupboard additionally allowed 100% overseas direct funding within the sector by way of the automated route, Vaishnaw mentioned, a transfer that may permit straightforward funding within the sector with out separate authorities approvals.

Measures introduced within the telecoms bundle embody elevating the tenure of airwaves held by corporations to 30 years from the present 20 years, waiving off the utilization cost for airwaves acquired by way of future auctions and utterly free sharing of spectrum between carriers, Vaishnaw mentioned.

“The reduction comes simply in time, and it’ll, on the very least, help telecom corporations in navigating the market,” mentioned Sonam Chandwani, Managing Accomplice at regulation agency KS Authorized & Associates. ($1 = 73.4430 Indian rupees) (Reporting by Sankalp Phartiyal and Aftab Ahmed; Extra reporting by Rama Venkar in Bengaluru and Abhirup Roy in Mumbai; Enhancing by Elaine Hardcastle and Louise Heavens)

Share this text in your social community

Commercial

This commercial has not loaded but, however your article continues under.

In-depth reporting on the innovation financial system from The Logic, dropped at you in partnership with the Monetary Publish.

    Top Stories Newsletter logo

    Monetary Publish Prime Tales

    Signal as much as obtain the every day prime tales from the Monetary Publish, a division of Postmedia Community Inc.

    By clicking on the join button you consent to obtain the above publication from Postmedia Community Inc. You might unsubscribe any time by clicking on the unsubscribe hyperlink on the backside of our emails. Postmedia Community Inc. | 365 Bloor Road East, Toronto, Ontario, M4W 3L4 | 416-383-2300

    Thanks for signing up!

    A welcome e mail is on its method. Should you do not see it, please verify your junk folder.

    The following challenge of Monetary Publish Prime Tales will quickly be in your inbox.

    We encountered a difficulty signing you up. Please attempt once more

    Feedback

    Postmedia is dedicated to sustaining a energetic however civil discussion board for dialogue and encourage all readers to share their views on our articles. Feedback could take as much as an hour for moderation earlier than showing on the location. We ask you to maintain your feedback related and respectful. We now have enabled e mail notifications—you’ll now obtain an e mail for those who obtain a reply to your remark, there may be an replace to a remark thread you comply with or if a consumer you comply with feedback. Go to our Neighborhood Tips for extra data and particulars on the right way to modify your e mail settings.

    [ad_2]

    Source link

    Tags: announcesIdeaIndiameasuresrespiteSectorshoretelecomsVodafone
    Previous Post

    WION Live Broadcast | North Korea's Expanding Missile Prowess | English News | Latest World News

    Next Post

    What is the Difference Between Futures & CFDs?

    Related Posts

    BUSINESS NEWS FROM AROUND THE WORLD

    UK’s Outsider Economists Question Radicalism of Trussonomics

    by
    July 24, 2022
    BUSINESS NEWS FROM AROUND THE WORLD

    Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private

    by
    July 23, 2022
    BUSINESS NEWS FROM AROUND THE WORLD

    Communications stocks lag for week, dragged by Snap, telecoms (NASDAQ:NFLX)

    by
    July 23, 2022
    BUSINESS NEWS FROM AROUND THE WORLD

    WHO declares spread of monkeypox an international public health emergency

    by
    July 23, 2022
    BUSINESS NEWS FROM AROUND THE WORLD

    Gold sees glimmer of hope as US dollar hits rough patch

    by
    July 23, 2022
    Next Post

    What is the Difference Between Futures & CFDs?

    Inflation figures prompt fears of £1bn rise in business rates

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    No Result
    View All Result

    Recent Posts

    • UK’s Outsider Economists Question Radicalism of Trussonomics
    • The Dogefather sends his regards – TechCrunch
    • Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private
    • DoorDash and Uber Eats are moving beyond food, focusing on groceries and alcohol as users cut spending due to high inflation and a potential economic downturn (Preetika Rana/Wall Street Journal)
    • Mohammed bin Salman Al Saud | The remarkable rise of a ruthless reformer

    Recent Comments

    • PakDhe Musmar on Suku pemburu-peramu Punan Batu: Bertahan di hutan atau bertarung melawan zaman – BBC News Indonesia
    • hc blue on Suku pemburu-peramu Punan Batu: Bertahan di hutan atau bertarung melawan zaman – BBC News Indonesia
    • Putra Awan on Suku pemburu-peramu Punan Batu: Bertahan di hutan atau bertarung melawan zaman – BBC News Indonesia
    • Divakar Bhadouriya on Coldplay – Daddy (Official Video)
    • RK Ravikumar on Coldplay – Daddy (Official Video)

    Archives

    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • December 2016
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • December 2015
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • June 2015
    • May 2015
    • April 2015
    • February 2015
    • January 2015
    • November 2014
    • October 2014
    • September 2014
    • July 2014
    • June 2014
    • May 2014
    • March 2014
    • February 2014
    • January 2014
    • November 2013
    • October 2013
    • September 2013
    • August 2013
    • July 2013
    • June 2013
    • May 2013
    • February 2013
    • January 2013
    • December 2012
    • October 2012
    • September 2012
    • August 2012
    • July 2012
    • May 2012
    • April 2012
    • December 2011
    • July 2011
    • March 2011
    • December 2010
    • November 2010
    • June 2010
    • February 2010
    • October 2009
    • September 2009
    • August 2009
    • July 2009
    • July 2007
    • June 2007
    • January 2007

    Categories

    • BUSINESS NEWS FROM AROUND THE WORLD
    • INDONESIA AFRICA NEWS
    • INDONESIA BUSINESS HELP
    • INDONESIA EDUCATION NEWS
    • INDONESIA EU NEWS
    • INDONESIA GULF NATIONS NEWS
    • INDONESIA IMMIGRATION NEWS
    • INDONESIA INDIA NEWS
    • INDONESIA JOINT VENTURE NEWS
    • INDONESIA MANUFACTURERS
    • INDONESIA NIGERIA NEWS
    • INDONESIA POLITICAL NEWS
    • INDONESIA RUSSIA NEWS
    • INDONESIA TECHNOLOGY NEWS
    • INDONESIA UK NEWS
    • INDONESIA UNIVERSITIES
    • INDONESIA USA TRADE NEWS
    • INDONESIA VENTURE CAPITAL NEWS
    • Uncategorized
    • VIDEO NEWS FROM AROUND THE WORLD

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • Home
    • Disclaimer
    • Privacy Policy
    • DMCA
    • Cookie Privacy Policy
    • Terms and Conditions
    • Contact us

    Copyright © 2021 198 Indonesia News.
    All Rights Reserved.

    No Result
    View All Result
    • Home
    • VIDEO NEWS
    • BUSINESS NEWS
    • FEATURED NEWS
      • INDONESIA USA TRADE NEWS
      • INDONESIA UK NEWS
      • INDONESIA NIGERIA NEWS
      • INDONESIA EU NEWS
      • INDONESIA AFRICA NEWS
      • INDONESIA RUSSIA NEWS
      • INDONESIA GULF NATIONS NEWS
      • INDONESIA INDIA NEWS
    • POLITICAL NEWS
    • MORE NEWS
      • TECHNOLOGY NEWS
      • IMMIGRATION
      • INDONESIA EDUCATION NEWS
      • INDONESIA VENTURE CAPITAL NEWS
      • INDONESIA JOINT VENTURE NEWS
      • INDONESIA MANUFACTURERS
      • INDONESIA BUSINESS HELP
      • INDONESIA UNIVERSITIES
      • 198INDONESIA MEDIA TRAINING
      • 198 TILG INDONESIA CEO NETWORKS
    • ASK IKE LEMUWA
    • REGISTER NGO
    • CONTACT US

    Copyright © 2021 198 Indonesia News.
    All Rights Reserved.

    Login to your account below

    Forgotten Password?

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In