February 29th, 2020 2:41 PM 28 COMMENTS

Bharti Airtel Pays Rs 8,004 Crore Towards AGR Dues

Telecom operators have been facing a lot of trouble because of default in payment of AGR dues. However, Bharti Airtel is clearing off the burden. The telco giant has paid Rs 8,004 crore to DoT as their statutory dues in their second tranche. With the current payment, Bharti Airtel has paid a total amount of Rs 18,004 towards their AGR dues. As per their self-assessment, Bharti Airtel has deposited Rs... Read More

February 28th, 2020 12:19 PM 23 COMMENTS

Government Evaluates Contingency Options in Case of Default AGR Dues of Vodafone Idea

DoT officials appealed to India’s two important MNP providers Syniverse Technologies India and MNP Interconnection Telecom Solutions India on how many porting requests the providers can process in a day, as the government is looking for alternate solutions in case if Vodafone Idea fails to pay their AGR dues. As per the sources of ET Telecom, services providers noted that approximately 500,000 customers could be ported out each day in... Read More

February 27th, 2020 12:19 PM 38 COMMENTS

Vodafone Idea Asks Government to Give Them 15 Years for Clearing AGR Dues

Vodafone Idea urged the government to give them a period of 15 years to pay their AGR dues. Also, the telco giant has asked DoT and government officials to provide a tax refund, slack their license fees and spectrum usage charges (SUC) along with the introduction of floor tariffs which would help the stressed telco to ensure their sustainability in the market. Vodafone Idea has to pay a whopping amount... Read More

February 26th, 2020 9:42 AM 3 COMMENTS

Tata Group Claims AGR Dues of Rs 2,197 Crore and Not Rs 13,823 Crore as Levied by DoT

There is a lot of confusion going on around the Adjusted Gross Revenue (AGR) dues imposed by the Department of Telecommunications (DoT) on telcos. Vodafone Idea always denied that its AGR dues would not be Rs 57,000 crore, and now, Tata Group has informed the government that its AGR dues is just Rs 2,197 crore, and not the Rs 13,823 crore levied by DoT. The telecom department is currently in... Read More

February 18th, 2020 3:56 PM 56 COMMENTS

Supreme Court Rejects Proposal of Vodafone Idea to Pay Part of AGR Dues, Company on the brink of Collapse

The Supreme Court on Monday rejected Vodafone Idea’s proposal to pay part of their adjusted gross revenue dues and direct government not to take any coercive action against it. Senior advocate Mukul Rohatgi appearing for Vodafone Idea said they are willing to pay Rs 2,500 crore today and another 1,000 crore by Friday, and the government shouldn’t pursue any forcible action against them. He also urged that the bank guarantees... Read More

February 17th, 2020 6:50 PM 4 COMMENTS

Airtel and Vodafone Idea Estimates of AGR Dues Differ from DoT By Half

The estimates of the telecom companies for the dues which they have to pay in the Adjusted Gross Revenue (AGR) matter are drastically different from what is being proposed by the DoT. The DoT had long given its estimates charting out how much dues Vodafone Idea and Bharti Airtel had to pay. However, the estimates given by Bharti Airtel and Vodafone Idea are pegged around 50% of the dues which... Read More

February 17th, 2020 2:00 PM 12 COMMENTS

Vodafone Idea Willing to Pay a Total of Rs 3,500 Crore Before February 21 for AGR Dues

The biggest hurdle for the telecom companies right now happens to be the pending AGR dues which the telecom operators had to pay in the past few days. The telecom companies happen to be in the process of calculating how much dues they have to pay in the coming days. In this new development, as per ET Telecom, Vodafone Idea has said that it is currently capable of paying Rs... Read More

February 15th, 2020 4:16 PM 21 COMMENTS

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... Read More

February 14th, 2020 6:33 PM 35 COMMENTS

Telcos Might Raise Tariffs in Coming Days After Paying AGR Dues

The Apex legal body Supreme Court ordered all the telcos to pay their AGR dues by 16th March. As per the report of Acuite Ratings and Research limited, settlement of AGR dues will result in operational inefficiency in telecom companies especially Vodafone Idea which will push them to increase their tariffs by 20 or 25 %. On the announcement, Suman Chowdhury, President of Acuite Ratings and Research limited noted that... Read More

February 14th, 2020 5:34 PM 0 COMMENTS

Supreme Court Demands Sizeable AGR Dues from Telcos After Delay in Payment

On Friday, the Supreme Court addressed the government and telecom companies for not accepting the court orders regarding the recovery of AGR dues which amounted to Rs 1.47 Lakh Crores from all telecom companies. The Spire legal body directed all the telcos to pay a sizeable amount of their statutory dues by Friday. As per the effect of the statement by the supreme court, telcos like Vodafone Idea faced trouble... Read More

February 3rd, 2020 12:13 PM 10 COMMENTS

Vodafone Idea and Other Telcos Might Only Have to Pay Principal for AGR Dues

In a new sigh of relief for the telecom companies, analysts have come out saying that the government might only ask for the principal amount from the telecom operators in the case of Adjusted Gross Revenue (AGR) dues. The report comes from ET Telecom. According to an Axis Capital note, the budgetary estimates of the government come out to be Rs 1,330 billion which can be a great relief for... Read More

January 31st, 2020 12:10 PM 3 COMMENTS

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

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... Read More

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