Recently (24th Oct 2019), the Supreme Court decided the “definition of revenue” on which license fee shall be applicable. The case has sent shock waves in the whole industry on account of DoT’s huge demand (more than Rs 90 K Cr) which now the operators have to pay. The purpose of this note is to lay out the facts which led to this outcome and also to evaluate the operational impact on the operators on account of this judgment.
The following are the facts of this case.
The Indian telecom sector has undergone significant consolidation, shrinking from a multitude of players to just four. Among these, only...
In a notable move, the Government of India (GOI) converted the interest payment obligations of Vodafone Idea (VI) during the...
Recently the GOI announced a revival plan for BSNL for Rs 89 K Cr. In my, view the plan just...
Recently the GOI decided to convert the VI’s interest payment obligations during the moratorium period into preferential equity. Doing so...
