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Cellular Operators Association of India Seeks Staggered Payment Scheme Following SC's AGR Verdict

Professor of Financial Economics and Part-time Value Investor, Transfin.
Nov 1, 2019 11:47 AM 1 min read
Editorial

COAI seeks a staggered payment scheme following AGR verdict. India's telecom industry turning into a duopoly.

 

TELECOM

Cellular Operators Association of India seeks 10 years to pay dues.

The Cellular Operators Association of India (COAI) has sought from the government a ten-year staggered payment scheme with a two-year moratorium to pay the amount stipulated by the Supreme Court following the Adjusted Gross Revenue (AGR) verdict.

 

The COAI has also requested Department of Telecommunications (DoT) to waive off interest, penalty and interest on the penalty. BS

 

Cellular Operators Association of India Seeks Staggered Payment Scheme Following SC's AGR Verdict

 

How and why is India's telecom industry turning into a duopoly?

Bonus Read: "In a market that had a dozen carriers two years ago, just three are left standing today - two of them, barely. High fees, frequent policy flip-flops, endless tax demands from an unsympathetic bureaucracy that treated carriers as cash cows have driven most of the operators aground." Here's an intriguing piece on how and why the Indian telecom industry is heading towards a duopoly. ET Telecom Policy

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