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

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.

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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