AGR Dues

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AGR Dues

Tanay Singh Thakur March 21st, 2022 2:29 PM 0 COMMENTS

Indian Telcos Might Have to Pay Lesser AGR Going Forward

The Indian telecom operators might have to pay lesser adjusted gross revenue (AGR) dues going forward. One of the biggest pain points of the telecom industry of India is the high amount of levies on any and everything they want to do. The telecom industry is currently working on a micro-definition of adjusted gross revenue (AGR) to solve higher levy issues, reports Livemint. S.P. Kochhar, Director General, Cellular Operators Association... Read More

Tanay Singh Thakur March 3rd, 2022 8:31 AM 3 COMMENTS

AGR Dues: PSUs and Private Firms Have No Difference in Eyes of TDSAT

The TDSAT (Telecom Disputes Settlement and Appellate Tribunal) has decided that it won’t look at the private companies and the public sector units (PSUs) in a different tone. Both the companies will have to be treated the same, and if there are any dues, both PSUs and the private companies will have to pay them. TDSAT said that it wouldn’t treat any PSU differently from a private company. If any... Read More

Tanay Singh Thakur December 8th, 2021 6:07 PM 0 COMMENTS

AGR Dues Deferment Brought Great Relief for One Operator: Mittal

Before the relief measures were announced for the telecom sector, India was scared of a duopoly between Bharti Airtel and Reliance Jio. Vodafone Idea had a mountain of debt and was just not getting a break. The telco wasn’t adding subscribers, nor had it made any profits for years. The general perception of the market was that Vodafone Idea (vi) was going to go out of business, if not right... Read More

Tanay Singh Thakur December 8th, 2021 2:11 PM 0 COMMENTS

Telecom Companies Want AGR to be Redefined Further: Report

The adjusted gross revenue (AGR) dues have been the hot topic of the entire telecom industry in India for the last few years. The telcos had waged and lost a battle against the Department of Telecommunications (DoT) for redefining the AGR. The government, though listened carefully to the sector’s wishes and changed the definition of the AGR dues as part of the relief measures announced recently. The DoT will not... Read More

Tanay Singh Thakur October 26th, 2021 9:01 AM 2 COMMENTS

Airtel, Jio, Vi Might be Elated as DoT Revises AGR Definition

As a part of the relief measures announced a few weeks back, the Department of Telecommunications (DoT) had said that the definition of adjusted gross revenue (AGR) will be changed. Now, in a fresh development noted by ET Telecom, the DoT has amended the AGR definition and multiple non-telecom revenue items have been excluded for calculating the AGR amount. Non-telecom items such as dividends, property rent, and interest from the... Read More

Tanay Singh Thakur September 10th, 2021 12:25 PM 2 COMMENTS

Vodafone Idea Might Be Rooting for AGR Dues Case to Go Its Way

Vodafone Idea (Vi), the third-largest telecom operator in India, has been very vocal about the surprise and how it is “inconceivable” for it to understand that the Supreme Court (SC) can’t order a rectification in errors made by the Department of Telecommunications (DoT) while calculating the adjusted gross revenue (AGR) dues. It is not just Vodafone Idea, but also Bharti Airtel, who was rooting for the SC to order the... Read More

Tanay Singh Thakur August 26th, 2021 12:32 AM 4 COMMENTS

COAI Asks DoT to Redefine AGR, Remove Bank Guarantees

The Cellular Operators Association of India (COAI) has asked the government to completely remove the system of bank guarantees (BGs) for the telcos. Further, the industry body has asked for redefining the adjusted gross revenue (AGR) dues. Both have become issues for the industry, particularly Bharti Airtel and Vodafone Idea. Through a tweet, SP Kochhar, Director General, COAI, said that the AGR definition should only include telecom revenues. In another... Read More

Tanay Singh Thakur August 24th, 2021 5:33 PM 0 COMMENTS

Bharti Airtel Bank Guarantees Not to be Invoked: SC to DoT

The Supreme Court (SC) has directed the Department of Telecommunications (DoT) to not invoke bank guarantees (BGs) against Bharti Airtel. The government was seeking the adjusted gross revenue (AGR) dues from Bharti Airtel that Videocon Telecommunications (VTL) owed. The amount sought by the telecom department was Rs 1,376 crore. According to an ET Telecom report, DoT had ordered Bharti Airtel to pay the due amount within a week or else... Read More

Tanay Singh Thakur August 24th, 2021 9:30 AM 5 COMMENTS

Indian Telcos Might Get Some Relief With AGR Dues

Indian Telecom operators might get some relief in regards to adjusted gross revenue (AGR) dues. The telcos, including Airtel and Vodafone Idea, were asked by the Supreme Court (SC) to clear the dues in 10 instalments over a decade. Since the AGR dues amount is not being rectified, it has put a lot of pressure on the telcos as the total dues amount in thousands of crores. But as per... Read More

Tanay Singh Thakur August 20th, 2021 8:45 AM 5 COMMENTS

Bharti Airtel Files Review Petition for AGR Dues Rectification

It looks like even Bharti Airtel won’t leave the adjusted gross revenue (AGR) dues case so lightly. The company has moved to the Supreme Court (SC) and filed a review petition against the order, which the same court had announced last month. The SC had denied the telcos’ requests for asking the Department of Telecommunications (DoT) to rectify the errors that have been made while calculating the total AGR dues... Read More

Shrijan Soni August 16th, 2021 1:54 PM 24 COMMENTS

Vodafone Idea Survival on Stake Without Funds

The survival of Vodafone Idea is slowly on the verge of the cliff because of heave financial liabilities and losing customer base. As per various reports by analysts, Vodafone Idea is staring at a slow death if it fails to acquire around Rs 26,000 crore to Rs 37,000 crore from fundings. The raised amount will be used to clear AGR dues, payment obligations and more. Vodafone Idea reported the lowest... Read More

Arpit Sharma August 13th, 2021 5:48 PM 29 COMMENTS

Vodafone Idea MD Extends Gratitude to Subscribers and Lauds Vi Network

Vodafone Idea has not taken well, the order of the Supreme Court which comes after the petition to review the Adjusted Gross Revenue (AGR) calculation. The Rs 58,254 crore dues that Vodafone Idea currently owes to the Department of Telecommunications (DoT) have been overestimated as per Vodafone Idea. Appealing again and again to the courts, Vodafone Idea has made attempts at correcting this figure and bringing it down to Rs... Read More