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Sunday, September 26, 2021

Vodafone-Idea Locks Up And Warns If The Government Does Not Correct Mistakes.

Vodafone Idea (V), one of the main telecom organizations, has said that Vodafone-Idea locks up and warns if the government does not correct mistakes.
Vodafone-Idea Locks Up And Warns If The Government Does Not Correct Mistakes.
 Vodafone-Idea Locks Up And Warns If The Government Does Not Correct Mistakes.

It will have to close down if the errors in the adjusted gross revenue (AGR) estimate against the company are not rectified. According to the Economic Times, this could put the company's 28 million subscribers and 20,000 direct and indirect workers in crisis. The court order to pay an additional Rs 25,000 crore is a big headache for V. According to various national media reports, VC's creditors and retailers who depend on the company will be in crisis if it closes due to the financial crisis.

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V alleges that he erred in calculating the amount to be paid and that he was not even allowed to correct the amounts written inadvertently. The company claims that it has to pay an additional Rs 25,000 crore due to miscalculations. Of this, Rs 5,932 crore is capital and interest. The latter is the penalty and the interest on non-payment of the penalty. At the same time, experts say Vick may not get many concessions in this regard. 

Any exemptions will be granted only if the court accepts V's contention that the accounts are incorrect. Only then will the verdict be reconsidered.

Statistics

According to the Department of Telecom, the total amount to be paid by V is Rs 58,254 crore. Of this, Rs 7,854 crore was paid. V's own calculations found that they owed about Rs 21,533. This figure was rejected by the Supreme Court. The assessment is that the company has nothing more to expect as long as this case is not considered. Birla resigns.

The resignation of Kumar Mangalam Birla as V's non-executive chairman was also a major setback for the company. What will the company's 2G subscribers do? Vic is estimated to have around 14-15 crore 2G subscribers. 2G is still used by those who are trying to maintain a low monthly connection and who can't afford smartphones. A significant number of them work professionally. V says their condition will be deplorable if locked up. Because Reliance Jio has 2G and not even 3G. Airtel has upgraded its network in many places. The company also told the Supreme Court that its 2G subscribers would be in trouble if it stopped operating. The company has about 11.9 crores wireless broadband (3G and 4G) subscribers. 


Will Troy intervene? It is expected that other companies will definitely increase their subscriptions if V closes. He says day laborers who are V2G users will not even have the opportunity to buy something like Geo's feature phone. The main reason is that the number of working days has decreased due to the epidemic. At the same time, it says that the number can be ported where
BSNL operates. However, the Economic Times also reports that V users are concerned about the use of very cheap handsets. Observers are hoping that TRAI, the administrative of telecom authority will take care of business intel and Geo also needs to ensure that the network is capable of accepting V-leaving subscribers.

Chief V thanked the supporters

Meanwhile, V's Chief Executive Officer Ravinder Dhakkar has thanked customers for their support during the crisis. This is also the occasion. when the first anniversary of the V brand is approaching. He also says that they will provide excellent service. However, it is also noteworthy that he does not say anything in his note about the serious economic and legal problems he is currently facing.

CONCLUSION:

According to various national media reports, Vs creditors and retailers who depend on the company will be in crisis if it closes due to the financial crisis. The company claims that it has to pay an additional Rs 25,000 crore due to miscalculations. Statistics According to the Department of Telecom, the total amount to be paid by V is Rs 58,254 crore.

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