Bharti Airtel and Vodafone Idea to Get Clarity Over AGR Dues Issue on February 3

Published by
Arpit Sharma

The telecom companies in India have been facing a tough time in the industry with the statutory dues looking them in the face. The deadline for the payment of these dues is already over on January 23, but the telecom companies have missed the deadline owing to the legal affair that is going on in the Supreme Court. The telecom companies, namely Vodafone Idea, Bharti Airtel

and Tata Teleservices filed a modification plea in the Supreme Court asking if they could negotiate the timeline of the payment for the AGR dues themselves with the Department of Telecommunications (DoT). As per a new ET Telecom report on the matter, the Supreme Court website has listed that the matter is up for hearing on February 3, 2020. A notification has informed that the petition has been listed for February 3.


Telcos to Get Easier Payment Terms if Decision is Favourable

This means that on February 3, 2020, we will get to see some development in the matter. The fate of the telecom companies and their financial health also depends on what the outcome of the case would be in the Supreme Court. To recall, the telecom companies have filed the modification petition in the Supreme Court to ask permission from the Court to negotiate payment terms with the DoT. If the outcome falls in favour of the telcos, then they would get to enjoy better payment terms and would be able to mitigate a significant financial dent in the coming months.

Telecom Companies Arranging Funds to Pay Off Dues

The telecom companies in total, owe Rs 1.47 lakh crore to the Department of Telecommunications (DoT). Out of all the telcos, Vodafone Idea owes Rs 53,000 crore to the DoT on account of Spectrum Usage Charges (SUC), license fees, interests and penalties. On the other hand, Bharti Airtel owes around Rs 35,500 crore to the DoT. All the companies are coming up with ways to procure the funds for paying off these dues. Bharti Airtel has done rights and share issue worth $3 billion to pay off the AGR dues, whereas Tata Teleservices might tap into the profits of its Tata Sons’ owned company, TCS for paying off the dues.

Arpit Sharma

Arpit spends his day closely following the telecom and tech industry. A music connoisseur and a night owl, he also takes a deep interest in the Indian technology start-up scene and spends rest of his time spilling poetry and stories on paper.

Published by
Arpit Sharma

Recent Posts

Nothing Phone (1) to be Available at Reliance Digital Stores

In an event titled “Return to instinct,” Nothing Phone (1) will be released on July…

Vi Business Launches New Program to Help MSMEs Scale Digitally

The world is shifting toward digital applications, and this has pushed the Medium and Small…

Vodafone Idea Lowest Cost Prepaid Plan With Free Disney+ Hotstar

Vodafone Idea (Vi), the third-largest telecom operator in the country had started offering new prepaid…

OnePlus Nord 2T Will Launch in India Soon

OnePlus Nord 2T has been teased to launch in India soon by OnePlus. The smartphone…

BSNL Fiber Broadband Plans Available With Rs 1200 Benefit

Bharat Sanchar Nigam Limited (BSNL) is offering its fiber broadband plans with Rs 1200 benefit…

Telecom Department Will Auction the Spectrum for Backhaul

The Department of Telecommunications (DoT) is going to auction the spectrum primarily seen by the…

Vodafone Idea Should Expand VoWi-Fi Calling Availability Fast

Vodafone Idea (Vi) is currently offering VoWi-Fi calling service in 12 states of the country.…

Asus ROG Phone 5s Long-Term Review: Is It the Best Gaming Phone

Asus ROG Phone 5s launched earlier this year and is quite a pricy deal if…

BSNL Offers 600GB of Lumpsum Data for One Year with Rs 1999 Plan

Bharat Sanchar Nigam Limited (BSNL) offers users a long-term prepaid plan with which users get…