Indian Telecom Folder

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Thakur_B
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Re: Indian Telecom Folder

Postby Thakur_B » 25 Feb 2020 19:33

arvin wrote:https://economictimes.indiatimes.com/industry/telecom/telecom-news/vodafone-idea-can-exit-only-after-nclt-okays-registrar-of-companies-records-deal/articleshow/74275440.cms

KOLKATA: Vodafone Idea (VIL) will not be able to cash out of the Bharti Infratel-Indus Towers merged entity early enough to generate money to help pay off a bigger part of its huge adjusted gross revenue (AGR) dues by March 17, the deadline set by the Supreme Court. This was stated by industry executives and analysts.


With Vodafone Idea share at near junk levels, would it be a good idea to sink some spare cash just in case the company manages to stay afloat?

chetak
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Re: Indian Telecom Folder

Postby chetak » 25 Feb 2020 19:58

Thakur_B wrote:
arvin wrote:https://economictimes.indiatimes.com/industry/telecom/telecom-news/vodafone-idea-can-exit-only-after-nclt-okays-registrar-of-companies-records-deal/articleshow/74275440.cms



With Vodafone Idea share at near junk levels, would it be a good idea to sink some spare cash just in case the company manages to stay afloat?


but it looks like vodafone was quite OK with misappropriating the Indian Govt's share of the money it collected from the Indian public and is now crying wolf when it was caught by the CAG and rogered by the SC.

BSNL is shedding it's deadwood and can be a viable alternative in case vodafone goes down the crapper.

chetak
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Re: Indian Telecom Folder

Postby chetak » 28 Feb 2020 13:52

vodafone's demands 8) (per the economic times)

It looks like India is merely another colonial venture for them.

maybe the queen will oblige and issue a royal decree.

absolutely no explanation on how and why vodafone robbed the GoI blind of revenues already collected from the customer by this company but slyly chose to keep it all instead of rightfully crediting it to the Govt.

The company has sought 18 years time to clear the dues, the same dues it stole from the GoI. In any other country, the CEOs would have been jugged and the keys would have been thrown away



Vodafone Idea has demanded fixing minimum tariffs for mobile data at Rs 35 per GB, around 7-8 times of current prices, and for calls at 6 paise per minute along with monthly charges from April 1 to enable it pay statutory dues and make its business sustainable.

The loss-making telco is under pressure to clear adjusted gross revenue dues of more than Rs 50,000 crore to comply with a Supreme Court order. The company has sought 18 years time to clear the dues, including a three-year moratorium on payment of interest and penalty, according to official sources.

"There are number of demands that Vodafone Idea has put across the government for its survival. The company wants minimum price of data should be fixed at Rs 35 per gigabyte and minimum monthly connection charge at Rs 50 from April 1, 2020. These are tough demands which is a problem for government to fulfil," an official told on the condition of anonymity.

Current mobile internet prices are in the range of Rs 4-5 per GB.

According to the source, Voda Idea wants minimum price of outgoing calls should be fixed at 6 paise per minute.

The demand to raise call and internet rates from Vodafone Idea comes within three months of company raising prices by up to 50 per cent.

"According to the company, increase in mobile call and data rates will help it generate revenue to the same level as Vodafone and Idea individually generated in 2015-16. The company has said that it will take three years to get to that level after tariff hike hence it has sought three-year moratorium for payment of AGR dues," the source said.

A Vodafone Idea spokesperson declined to comment on the matter.

The government levies licence fee and spectrum usage charge based on revenue earned by telecom companies.

Telecom companies and government had entered into a dispute over ascertaining revenue calculation. The Supreme Court upheld government method of calculating the revenues and ordered telecom operators to clear all dues by January 23, 2020.

The cumulative liability on telecom operators was estimated at around Rs 1.47 lakh crore by the Department of Telecom in July 2019.

Vodafone has paid Rs 3,500 crore out of Rs 53,000 crore calculated by the DoT.

The company has written to the telecom department expressing its inability to pay full AGR dues unless the government takes urgent measures, including allowing staggered payment, reduction in levies and implementation of floor prices in the crisis-ridden sector.

Warning that it is "not in a sound financial state", Vodafone Idea said the company would be in a position to meet its liabilities only if the government initiates steps including allowing set offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.

Vips
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Re: Indian Telecom Folder

Postby Vips » 28 Feb 2020 18:59

In other words it wants Price fixing, gouging and sometimes down the line cartelization to be allowed and approved by the government. :rotfl:

chetak
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Re: Indian Telecom Folder

Postby chetak » 28 Feb 2020 20:33

Vips wrote:In other words it wants Price fixing, gouging and sometimes down the line cartelization to be allowed and approved by the government. :rotfl:


in other words, right from the robert clive school of colonial management syllabus.

very possible in professor white vaisty's and asst prof fat vaisty's management classes. (for a price, of course)

free guided tour of tihar included as part of the lived experience of white vaisty and fat vaisty.

chetak
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Re: Indian Telecom Folder

Postby chetak » 01 Mar 2020 12:47

Airtel pays additional Rs 8,004 cr towards adjusted gross revenue dues to the department of telecom. It had paid Rs.10000/- Cr. on 17th Feb 2020



Only Kumar Mangalam Birla chaired Vodafone Idea Ltd is crying

after the others have started paying, vodafone simply does not have a leg to stand on.

chetak
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Re: Indian Telecom Folder

Postby chetak » 02 Mar 2020 12:43

some juicy tidbits about how foreign telecom (and many other) gora owned companies operate in India.

As rapacious as the goras were during the colonial era they adapted while dealing with dictatorial regimes in africa and used the very same techniques were used in India too by companies like Uninor and britshit owned outfits who depended on a paid/soldout/presstitute/pliable Indian media to "sell us their version of the truth".

Journalist says US newspaper offered USD 1500 for reporting on Delhi riots on religious lines, reveals about other such ‘news plants’



Journalist says US newspaper offered USD 1500 for reporting on Delhi riots on religious lines, reveals about other such ‘news plants’

Calling out Indian journalists who sell their souls for a few hundred dollars, he said that he was offered huge amount for writing on the people who died in Delhi riots on religious lines.

OPINDIA STAFF
MARCH 1, 2020

The Pioneer Journalist J Gopikrishnan

Image

Senior journalist J Gopikrishnan, associated with The Pioneer, on Saturday took to Twitter to reveal how a US-based newspaper publication offered him USD 1,500 for a 1,000 word article to report on how many died on religion basis in Delhi’s anti-Hindu riots which coincided with the visit of US President Donald Trump.

Why i am angry? A US Newspaper today asked me write on Delhi Riots asking how many died on Religion basis in connection with Trump’s visit. Rate was $1500 for 1000 words….My Reply was : Your President Trump rightly call you as Presstitutes @#$%^&* @#$%^ https://t.co/DIdQBusN5a

— J Gopikrishnan (@jgopikrishnan70) February 29, 2020


Referring to US-based leftist media as ‘rascals’ and ‘crooks’, Gopikrishnan said that these media houses see everything with negative perspective. Calling out Indian journalists who sell their souls for a few hundred dollars, he said that he was offered huge amount for writing on the people who died in Delhi riots on religious lines.

He further revealed how he was earlier offered USD 25,000 in cash in March 2012 by a Norway-based newspaper to write a pro-Uninor report when the 2G scam broke out.

Based on this Economic Times PAID report – Norway PM/President wrote to Indian PM Manmohan Singh – on how bad is Indian system to foreign companies. Presstitues play all games. Some time i feel – should have pocketed $25,000 and fooled Norway guys after landing India https://t.co/K76fx7wZ6v

— J Gopikrishnan (@jgopikrishnan70) February 29, 2020


He further revealed that after he refused to be a pen for hire, he saw the same story with same brief in Economic Times. Gopikrishnan added that based on this particular report in Economic Times, the then Norway leader wrote to then PM Dr Manmohan Singh on how bad the Indian system is to foreign companies.

Later during 2G trial-the price increased-offer was so big to adjust a prime witness to save an Accused.( I am not saying much on it as appeal is going in Delhi HC).Simply me and Prime Witness said : NO..But later they conquered Judge $ani. Hope Delhi HC Judge ensure Justice https://t.co/tAEy2iGfbW

— J Gopikrishnan (@jgopikrishnan70) February 29, 2020


He further revealed that back during the height of 2G scam investigation, a corporate house had offered Rs 10 crore cash. However, he turned down the offer innovatively by putting up a condition that he would rather take Rs 100 crore and take a picture of money being transferred and also pay 30% income tax after declaring the same in his return. Later, this Rs 10 crore price was even increased to ‘adjust’ the prime witness and save an accused, Gopikrishnan revealed in his tweets.

Nikhil T
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Re: Indian Telecom Folder

Postby Nikhil T » 05 Mar 2020 01:46

Deleted
Last edited by Suraj on 05 Mar 2020 05:49, edited 1 time in total.
Reason: Off topic

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Re: Indian Telecom Folder

Postby Nikhil T » 06 Mar 2020 08:08

Self deleted

Vips
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Re: Indian Telecom Folder

Postby Vips » 10 Mar 2020 02:12

Reliance Jio develops in-house 5G tech to reduce costs.

Telecom service provider Reliance Jio has developed its own 5G and other technologies,to cut costs and reduce dependence on foreign vendors. The Mukesh Ambani-owned company has replaced Nokia's and Oracle's 4G voice technology with its own, a senior company executive said. The move is perhaps a global first, analysts said, where a mobile phone company has developed in-house technology to replace third-party equipment vendors. “We have now developed everything end-to-end around 5G technology,” a person in the know told ET.

“We are more scalable than these vendors and are fully automated since we have our own cloud-native platform. In 5G, we will totally be self-sufficient,” the executive said. Jio has designed its own hardware for the 5G technology, which could be made in India once 5G trials are successful. “We can give the design, layouts and board support packages to third-party manufacturers to have our gear made,” the executive said.

Having developed end-to-end 5G technology, Jio would be able to use it for security and surveillance using drones, industrial internet of things and digitisation in the agriculture sector. “Broadband and voice will be the baseline of our technology,” the executive added.

The telco has sought approval from the department of telecommunications to conduct 5G trials based on its own technology. It had recently given a separate presentation to DoT to explain the technology and possible use cases. “Our own technology will help us commercially as well as offer flexibility. We can customise use cases and tailor it to India-specific needs,” the executive said. Jio did not respond to ET's emailed queries.

The telco had previously applied to carry out 5G trials with European vendors Ericsson and Nokia, China’s Huawei and South Korean equipment vendor Samsung, which is its sole 4G radio vendor.

chetak
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Re: Indian Telecom Folder

Postby chetak » 18 Mar 2020 13:08

see how the last line has been cleverly hushed up by CNBCTV18...

"Do not appreciate Telecos' Action"...

publish the rest also....

Do not appreciate Teleco's Actions in planting fake news against SC Judgment...

Indian presstitutes, money talks and the BS walks.


Image

chetak
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Re: Indian Telecom Folder

Postby chetak » 18 Mar 2020 13:12

Press Trust of India @PTI_News · 1h

Any future newspaper article hiding truth from public on telecom case will make MDs of telecos personally responsible: Supreme Court

chetak
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Re: Indian Telecom Folder

Postby chetak » 18 Mar 2020 13:26

this is a mighty pissed SC.

the manipulative shenanigans of the telcos and their paltu kuttas, the presstitute/soldout journos, congi politicos and darbari baboo(n)s lobby have all brought this sorry state to pass.

Having paid out peanuts to the govt, they declared virtuously and in unison that their self assessed AGR dues are cleared in full.

the SC has rightly delivered a swift judicial kick to their testimonials


SupremeCourt makes it clear in its order that there won't be any reassessment/ re-assessment of the AGR dues. All telecom companies will have to pay the dues with interest & penalty, as ordered in the main judgment.





"Telecom companies are very powerful and that is why they are influencing the newspapers to write stories everyday.
If we want, we can send the Managing Directors from the companies to jail", Justice Arun Mishra.

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Re: Indian Telecom Folder

Postby JTull » 18 Mar 2020 19:51

This is an executive function. SC is messing with the entire economy, without any accountability to public. If govt has a plan, then let them implement it. Otherwise, you'll have lot more Yes Banks!

Vips
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Re: Indian Telecom Folder

Postby Vips » 18 Mar 2020 20:34

Supreme court is right in cracking the whip. If all of its judgments can be challenged through paid propoganda, delaying tactics and all sort of lobbying then we might as well wind up our courts and have a free for all !!!!

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Re: Indian Telecom Folder

Postby arvin » 19 Mar 2020 12:03

Govt is doing a good job to prevent a monopoly. SC might be making noises about compliance but even they realize they have to tread a fine line.
RIL stAke sale is yet to be concluded.


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