Bharti Airtel to Pay Rs 10,000 Crore for AGR Dues, Promises to Pay Rest by March 17

Follow Us

Bharti Airtel has offered to pay Rs 10,000 crore as part of adjusted gross revenues charges by February 20 and promised to clear the remaining balance well before March 17, the company said in a letter to the Department of Telecommunications. “In compliance with the judgement of the Supreme Court and its direction today we shall deposit a sum of Rs 10,000 crore by February 20 on behalf of Bharti Group companies (Bharti Airtel, Bharti Hexacom and Telenor India),” the letter read. The move comes after the telecom department directed all companies to pay their AGR dues by the end of Friday after criticism from the Supreme Court.

bharti-airtel-pay-agr-dues




DoT Asks Telcos to Clear Dues Immediately

The DoT began issuing notices to companies to “make the payment of outstanding dues of license fee and spectrum usage charge by 14.02.2020, 11.59 p.m., positively.” Airtel, however, sought more time to clear the outstanding dues saying that they are in the process of completing self-assessment for 22 circles and multiple licenses which is a complicated time-consuming process. Airtel owes dues of nearly Rs 35m000 crores, including license fee and usage charges to the government.

“We are confident that we will complete the self-assessment exercise shortly and make the balance payment well before the next date of hearing of the Supreme Court," the letter said. The next date of hearing is on March 17.

Supreme Court Goes Hard at DoT and Telcos for Not Clearing Dues on Time

On Friday, the apex court pulled both the government and telecom companies for not abiding by their order of clearing dues over Rs 1.47 lakh crores by January 23. The DoT then began issuing circle or zone-wise demand notices to firms. The department also withdrew its January 23 order that promised they wouldn't take strict action against telcos for failing to pay before the court-mandated deadline.

“The order dated 23 January stands withdrawn with immediate effect," the DoT said in a letter dated February 14.

Meanwhile, Vodafone Idea, however, has remained mum over the issue. Previously, the company chairman Kumar Mangalam Birla had sounded warning over the issue saying it may have to fold its operations, if forced to pay dues of over Rs 53,000 crores. This judgement from the Supreme Court will put the future of Vodafone Idea in jeopardy as Vodafone might pull out from the merged entity.

Reported By

Reporter

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.

Recent Comments

Faraz :

Well it depends how operator wants to use this feature. But yeah, bandwidth, speed and latency all can be customised,…

Jio vs Airtel vs Vi ARPU Q2 FY25: Tariff Hikes…

Shivraj Roy :

Network slicing does what? Can you explain the speed based tariff? The way how plans works in foreign nations? 10mbps…

Jio vs Airtel vs Vi ARPU Q2 FY25: Tariff Hikes…

Faraz :

Remember initially when Jio started their service of unlimited, FUP was 4 GB per day. In 2017, Jio completely removed…

Jio vs Airtel vs Vi ARPU Q2 FY25: Tariff Hikes…

Sujata :

Tariff restructure? Can you elaborate? Like what kind of tarrif you wanted/were expecting?

Jio vs Airtel vs Vi ARPU Q2 FY25: Tariff Hikes…

Sujata :

they're too lazy to do that.

Jio vs Airtel vs Vi ARPU Q2 FY25: Tariff Hikes…

Load More
Subscribe
Notify of
21 Comments
newest
oldest most voted
Inline Feedbacks
View all comments