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<keyword id="125045" type="General" weightage="80" keywordseo="fitch-ratings" source="Orion">Fitch Ratings</keyword> expects telecom operators to raise tariffs in 2023, given the focus on profitability by the service providers. The rating agency categorically said <keyword id="1553175" type="General" weightage="80" keywordseo="vodafone-idea" source="Orion">Vodafone Idea</keyword>, the third-largest telco, needs to increase tariffs as its EBITDA generation is insufficient to meet finance costs and to invest sufficiently in capital expenditure. The last time the Indian telecom operators raised tariffs was in late 2021. "We have only one market on an improving outlook - India - compared with two (India and Malaysia) in 2022. Only one market - Sri Lanka - is on a deteriorating outlook. Consolidation is likely to continue in most markets as weaker participants face the choice whether to be acquired or decline," it said in a report. Notably, Indian telecom operators continue to have one of the lowest monthly average revenue per user (USD 2.5) and the highest monthly data usage (20 GB) in the world. Further, it said market leaders <keyword id="6354504" type="General" weightage="80" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> and <keyword id="6354287" type="General" weightage="80" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword> will continue to consolidate market share as they will garner 80-85 per cent of the revenue of private telecom operators during 2023-2024, in comparison to 81 per cent in 2022. Bharti Airtel, it said, will retain its 35 per cent active subscriber market share, while Vodafone Idea will continue to lose market share given its extremely weak financial position. On <keyword id="349263" type="General" weightage="80" keywordseo="agr" source="Orion">AGR</keyword> deferment, the <keyword id="82981" type="General" weightage="80" keywordseo="fitch" source="Orion">Fitch</keyword> report said the government's decision to defer the amount of adjusted gross revenue (AGR) and spectrum dues for four years, the prospective exclusion of non-telecom revenue from the definition of AGR, and the abolition of spectrum usage charges in recent spectrum auctions will boost telecom operators' cash flow. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/trai-releases-recommendations-on-licensing-framework-for-establishing-operating-satellite-earth-station-gateway/articleshow/95855830.cms">Trai releases recommendations on licensing framework for establishing, operating satellite earth station gateway</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/apple-has-revealed-the-app-store-awards-winners-in-2022/articleshow/95855823.cms">Apple’s App Store awards 2022 winners — best applications and games of the year</a>

Your mobile bills could up in 2023 as telcos focus on profitability

A day after Bharti Airtel approached the <keyword id="6354977" type="COMPANY" weightage="20" keywordseo="Supreme-Court">Supreme Court</keyword> over the assessment of adjusted gross revenue (AGR) calculations, <keyword id="1553175" type="PERSON" weightage="20" keywordseo="Vodafone-Idea">Vodafone Idea</keyword> also moved the top court seeking "correction" in the AGR assessment. The petition filed by the telco on Thursday said that payments made by the company have not been accounted for in the AGR demands issued by the department. Further, it also said that double counting has been done on some revenue items in the AGR demands. It also said that deduction has not been given for PSTN related call charges and for roaming charges actually paid to other operators. "The excess demand upon the applicant which is attributable to these error amounts to Rs 5,932 crores of principal amount, which would have an overall impact of over four times on the total principal amount aforementioned due to the imposition of interest, penalty and interest on penalty," the petition said. In September, the <keyword id="6356229" type="COMPANY" weightage="20" keywordseo="apex-court">apex court</keyword> allowed telecom operators 10 years to pay up <keyword id="8275485" type="UNKNOWN" weightage="20" keywordseo="agr-dues">AGR dues</keyword>. Vodafone Idea's total AGR dues as per DoT stood at Rs 58,254 crore, while the dues according to the company stood at Rs 21,533 crore. The company has paid AGR dues worth of Rs 7,854 crore so far. Shares of the telco moved higher on the development. Around 1.08 p.m. Vodafone Idea shares on the BSE were trading at Rs 12.17, higher by 1.67 per cent from its previous close. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-approaches-supreme-court-claiming-error-in-assessment-of-agr-dues-by-dot/articleshow/80135781.cms">Airtel approaches Supreme Court claiming error in assessment of AGR dues by DoT</a>

Vodafone Idea approaches Supreme Court over AGR dues

The Supreme Court on Monday, during the hearing on the adjusted gross revenue (AGR) matter of telecom companies, questioned the Centre as to how is it possible to sell the spectrum and whether it is transferable. A bench, headed by Justice Arun Mishra, told Solicitor General Tushar Mehta, representing the Department of Telecommunications (DoT), to come prepared on the next hearing, and explain how can spectrum be sold or whether is transferable. The bench also asked Mehta to get the NCLT orders connected with the query, as it scheduled the next hearing on the matter on August 14. Mehta contended before the bench that the government has filed an appeal saying spectrum is a national property and it should not be part of bankruptcy assets. At this, the bench questioned: "Why there was a delay in filing the appeal? What if the spectrum is sold in the meanwhile?" Mehta contended before the bench that the Centre has told the National Company Law Tribunal that spectrum is a national property, cannot be an asset of the company, and it cannot be sold. The bench also questioned how Aircel's spectrum and license were sold and who gave the permission for it. Aircel's monitoring committee's lawyer contended before the bench that no dues to government are be paid under the bankruptcy resolution plan, and insisted that he will place the details in court. The lawyer contended that the company paid the money to buy spectrum, and it is a transferable asset. The Centre, however, said Aircel's dues were Rs 12,000 crore. As the bench questioned the DoT as to how it proposes to recover the <keyword id="8275485" type="UNKNOWN" weightage="20" keywordseo="agr-dues">AGR dues</keyword> from a company which has gone into insolvency, Mehta replied that DoT's stand is that spectrum cannot be part of bankruptcy assets.

Supreme Court adjourns AGR case hearing to August 14

The Supreme Court on Monday reserved its judgment on the issue of recovery of adjusted gross revenue (AGR) dues from insolvent telecom companies. A bench headed by Justice Arun Mishra is likely to pronounce the judgment on three counts: Staggered payment schedule, where the Centre said it is fine with 20-year arrangement to recover AGR dues; Can spectrum be transferred or sold by companies under IBC; and, additional liabilities, if any, on Jio, Airtel for the past dues of RCom, Videocon, and Aircel. Airtel had spectrum sharing and trading pacts with Videocon and Aircel, whereas Jio had it with RCom. The court had asked the Department of Telecommunications (DoT) to share the details of 'demand under process' for raising the liabilities against Airtel and Jio in the backdrop of spectrum-sharing. The bench also comprising Justices S Abdul Nazeer and MR Shah observed that if DoT does not provide the correct position on the AGR demands, then the due figures quoted in the ruling could go wrong. "It has been nearly 10 months to the AGR ruling -- why has the DoT not yet raised the demand?" The DoT informed the bench that no demand has been raised against Jio and Airtel for part dues of RCom and Videocon, and that the assessment of Jio and Airtel liability for the past dues is "under process". Senior Advocate Harish Salve, appearing for Committee of Creditors for RCom, contended before the bench that the right to use spectrum is an "asset which can be sold", if the company wants to. Salve added that the resolution plan proposes the sale of the right to use spectrum is in line with the licence trading guidelines. Senior Advocate Kapil Sibal, appearing for Airtel, contended that if the liability of the past dues of Videocon were to be imposed on Airtel, why wait for so long. Instead, the DoT should have clarified it long back, he argued. The court observed that according to trading guidelines, the seller of the spectrum shall satisfy all pending dues, before the sale. The bench said that it understood that upon the non-payment of dues by the seller, the trading guidelines would transfer the burden on the buyer. The DoT counsel contended that under trading guidelines, the past dues have to be cleared prior to the spectrum-trading, and under these guidelines, the DoT could recover the dues from seller and buyers. The bench questioned why no demand was raised against Airtel for the past dues of the Videocon spectrum. Sibal said Airtel had been paying all pending dues since the acquisition of the Videocon spectrum in May 2016. The apex court remarked that what is being proposed seems like renting out a house to a tenant and the latter selling the house under Insolvency and Bankruptcy Code.

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Your mobile bills could up in 2023 as telcos focus on profitability

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Vodafone Idea approaches Supreme Court over AGR dues

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Supreme Court adjourns AGR case hearing to August 14

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Supreme Court reserves order on recovery of AGR dues from insolvent telecom companies

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