DoT to oppose Aircel, RCom spectrum sale unless AGR dues paid: Report
Wed, Sep 30, 2020 9:29 AM

DoT to oppose Aircel, RCom spectrum sale unless AGR dues paid: Report

A Flip by Flipitnews
Get it on Google Play
The government might oppose transfer of the right to use spectrum of bankrupt telecom companies such Aircel and Reliance Communications (RCom), unless the adjusted gross revenue (AGR) dues are cleared. The Department of Telecommunications (DoT) will challenge the move before the National Company Law Appellate Tribunal (NCLAT) makes a decision, according to a report by The Economic Times.

More great flips

1 Warren Buffett Stock That Could Go Parabolic in 2024

1 Warren Buffett Stock That Could Go Parabolic in 2024

Warren Buffett's Berkshire Hathaway owns one of the world's most closely followed stock portfolios. Berkshire's top holdings are Apple, Bank of America, American Express, and Coca-Cola, but investors sometimes gloss over the smaller positions that might have more growth potential than those blue chip behemoths. One of those oft-overlooked stocks is Nu Holdings (NYSE: NU).

Open Flip
Mexico’s Sheinbaum Wants Debt-Laden State Oil Giant to Go Green

Mexico’s Sheinbaum Wants Debt-Laden State Oil Giant to Go Green

Mexico’s leading presidential candidate wants to revitalize the nation’s troubled state oil company with a new focus on clean energy. But first, Claudia Sheinbaum knows she has to fix Petroleos Mexicanos’ $106 billion debt problem. Sheinbaum said Friday she expected Pemex to refinance its bonds ahead of upcoming maturities in 2025.

Open Flip
Costco's Latest Sales Trends Are Pure Gold: Time to Buy the Stock?

Costco's Latest Sales Trends Are Pure Gold: Time to Buy the Stock?

Costco (NASDAQ: COST) has taken the "treasure hunt" shopping experience to the next level. The warehouse retailer just reported strong monthly sales growth, with accelerating demand at its stores in March.The news was even better online, where revenue gains soared. Costco's members are enthusiastically shopping for both consumer staples like groceries and for discretionary purchases.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon