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Kripa B May 5th, 2025 9:14 AM 0 COMMENTS

Airtel Seeks Urgent AGR Dues-to-Equity Conversion Amid Mounting Promoter Debt: Report

Bharti Airtel has urged the Department of Telecommunications (DoT) to expedite the conversion of over Rs 41,000 crore in adjusted gross revenue (AGR) dues into government equity, citing rising debt at its promoter-level entity, Bharti Telecom Ltd (BTL), and the need to bolster its balance sheet to fund future investments, ETTelecom reported, citing sources. Also Read: Bharti Airtel Writes to DoT for Equity Conversion of Statutory Dues: Report BTL's Debt... Read More

Kripa B April 26th, 2025 12:48 PM 0 COMMENTS

Bharti Airtel’s AGR Dues to Be Scrutinised by DoT for Equity Conversion: Report

Bharti Airtel's request to convert its adjusted gross revenue (AGR) dues, amounting to approximately Rs 41,000 crore, into equity will undergo scrutiny by the Department of Telecom (DoT). An official source confirmed that the application is not automatic and requires a detailed evaluation before any final decision is made, ETTelecom reported. Also Read: Bharti Airtel Writes to DoT for Equity Conversion of Statutory Dues: Report Vodafone Idea's Equity Conversion Precedent... Read More

Kripa B March 22nd, 2025 11:05 AM 10 COMMENTS

Vodafone Idea Seeks Further Government Support Amid AGR Dues Pressure: Report

Indian telecom service provider Vodafone Idea (VIL) has sought additional relief from the government as it faces mounting financial pressure to repay its adjusted gross revenue (AGR) and spectrum dues, NDTV Profit reported. Also Read: Govt Drops AGR Dues Waiver Plan, Deems Relief to Private Firms Unjust: Report In a letter to Telecom Secretary Neeraj Mittal on March 11, VIL requested a further conversion of its dues into equity. If... Read More

Kripa B March 20th, 2025 10:01 AM 3 COMMENTS

Govt Drops AGR Dues Waiver Plan, Deems Relief to Private Firms Unjust: Report

The government has put on hold the Department of Telecommunications’ (DoT) proposal to waive adjusted gross revenue (AGR) dues for telecom operators, citing a lack of consensus at the highest levels. This decision deals a setback to Vodafone Idea (Vi), which is struggling under a heavy debt burden, according to an ET Telecom report. Also Read: Setback for Vodafone Idea as Government Drops Consideration of AGR Relief: Report Relief Proposal... Read More

Tanuja K February 14th, 2025 12:12 PM 0 COMMENTS

Vi, Airtel AGR Dues Will Not be Recalculated: Report

Vodafone Idea (Vi) and Bharti Airtel are not going to see any reductions in the AGR (adjusted gross revenue) dues that they need to pay to the DoT (Department of Telecommunications). The two telcos had moved to the Supreme Court (SC) and filed review petitions to overturn the SC's earlier order in 2021 which refused the AGR amount to be corrected or changed because of an alleged miscalculation of the... Read More

Kripa B January 21st, 2025 10:28 AM 4 COMMENTS

Vodafone Idea Clarifies on AGR Dues Waiver Media Report

Vodafone Idea Limited (VIL) has issued a clarification regarding recent media reports about a potential government waiver of over Rs 1 lakh crore in AGR (Adjusted Gross Revenue) dues for telecom companies. The company stated that it has not received any official communication from the Government of India on the matter. Also Read: Not Received Any Communication on BG Waiver Yet, Clarifies Vodafone Idea VIL Responds to Media Reports "This... Read More

Kripa B September 20th, 2024 11:14 AM 0 COMMENTS

Vodafone Idea’s Talks with Lenders and Vendors Unaffected by SC Ruling on AGR Dues: Report

Vodafone Idea (Vi) is reportedly on track with its talks with lenders and vendors, despite the Supreme Court's recent rejection of its curative petition related to adjusted gross revenue (AGR) dues. According to sources familiar with the matter, the outcome of the curative petition was not included in the company's business plans or discussions with lenders, as reported by ET on Friday. Also Read: Vodafone Idea Boosts Network in Kerala... Read More

Tanuja K July 16th, 2024 12:41 PM 0 COMMENTS

Vodafone Idea and Airtel Plea for AGR Dues Considered by Supreme Court: Report

Vodafone Idea Limited (VIL) and Bharti Airtel had submitted a plea to the Supreme Court (SC) of India saying that the AGR (adjusted gross revenue) dues calculation by the telecom department was wrong. The telcos were talking about the arithmetic errors that happened. Now, according to PTI, the Supreme Court has decided it will consider the plea from the telcos. This has pushed the stock of Vodafone Idea up by... Read More

Tanay Singh Thakur October 10th, 2023 11:10 AM 1 COMMENTS

Airtel and Vi Again Ask for Hearing of AGR Dues Miscalculation: Report

Vodafone Idea (Vi) and Bharti Airtel have approached the Supreme Court (SC) to hear their curative petition in an "open court". The curative petition is against the apex court's earlier order which rejected the review petition filed by the telcos for rectifying the arithmetical errors in the calculation of the adjusted gross revenue (AGR) dues. The telcos believe that their calculation of AGR dues is very different from that of... Read More

Tanuja K March 22nd, 2023 10:45 AM 0 COMMENTS

DoT Seeks Rs 33,111 Crore for BSNL’s AGR Dues Payments: Report

The Department of Telecommunications (DoT) has sought Rs 33,111 crore for the payment of adjusted gross revenue (AGR) dues of Bharat Sanchar Nigam Limited (BSNL). BSNL needs to claim the amount, and then the payment will likely be made in the first quarter of FY24. According to a PTI report, the Department of Telecommunications said in a submission to the Standing Committee of Communications and Information Technology that against the... Read More

Tanay Singh Thakur July 1st, 2022 8:33 AM 1 COMMENTS

Bharti Airtel Follows Vi into Accepting Deferment of Additional AGR Dues

Bharti Airtel, the second-largest telecom operator in the country, has opted to defer the additional adjusted gross revenue (AGR) dues up to FY2018-19. It is worth noting that Vodafone Idea (Vi) has done the same. Earlier, the Department of Telecommunications (DoT) had offered the telcos an option to defer the payment of AGR-related dues up till FY2016-17, as determined by the Supreme Court (SC). To offer further relief to the... Read More

Tanay Singh Thakur June 23rd, 2022 7:02 AM 4 COMMENTS

Vodafone Idea Defers Rs 8837 Crore Worth of AGR Dues

Vodafone Idea (Vi), the third-largest telecom operator in the country has decided to defer Rs 8837 crore worth of adjusted gross revenue (AGR) dues for four years. The option to do this was given to the telco by the Department of Telecommunications (DoT). Vodafone Idea will now pay the said amount in six equal instalments post the moratorium period starting from March 31, 2026. The company said that the old... Read More