Vodafone Idea Seeks Time from Government to Pay Quarterly AGR Dues

Published by
Shrijan Soni

Vodafone Idea has urged the government for extra time to clear its outstanding quarterly AGR dues, a new ET Telecom report says. Since the entire nation is facing the wrath of COVID-19. The telecom industry is also facing financial distress. Vodafone Idea being one of the major operators in India has not cleared the bank guarantees to safeguard its spectrum payment. To ensure that bank guarantees are not invoked, and licensees are not cancelled, Vodafone Idea has asked for extra time to clear the quarterly AGR dues.

Vodafone Idea,Vodafone Idea AGR Dues,AGR Dues,Airtel AGR Dues

Government Want to Protect Vodafone Idea Subscribers

Vodafone Idea has to pay annual spectrum worth 1.7 billion dollars roughly. Also, after the two years moratorium period, the amount will extend to 2 billion dollars because of added interest. The Government is not planning to implement any strict regulations on Vodafone Idea and hamper the active 300 million Subscribers. Since a stable network is the prime need of the country right now, the Government is working with telcos to ensure seamless connectivity in stressful times. Though Government has not cleared the request of Vodafone Idea to provide corporate guarantees instead of Complete Bank guarantees, the entire attention is focused on providing seamless connectivity to telecom subscribers so that they are connected with their loved ones in the lockdown period.

Bharti Airtel and Reliance Jio have Paid Quarterly Dues

Bharti Airtel and Reliance Jio have cleared their quarterly dues along with adequate bank guarantees for spectrum payments. Both the telcos are also contributing towards seamless network connectivity in the lockdown period. Bharti Airtel has extended the free incoming call facility until May 3, 2020. Whereas, Reliance Jio has teamed up with nine different banks to provide recharge facility to Subscribers.

DoT Must Extend AGR Payments: COAI

Cellular Operators Association of India (COAI) has urged DoT to extend the deadline of AGR payments dues. COAI, who represents Bharti Airtel, Vodafone Idea and Reliance Jio stated that telcos are already facing additional pressure to provide network connections to millions of subscribers to cater their needs of entertainment and work from home. Also, since the retail stores are closed, no new SIM cards are being purchased by telecom subscribers which are resulting in substantial financial losses. DoT might also consider the requests of telcos to allow deferment of payment and compliance of license fees until April 30, 2020.

Shrijan Soni

Shrijan loves the process of creating content in various verticals, whether it be words, sounds or videos. He's also inclined towards digital marketing and tech industry developments. The art of creation always triggers his interest.

Share
Published by
Shrijan Soni

Recent Posts

Top Malayalam Criminal Thriller Movies to Stream on OTT

Crime thrillers are hailed as one of the most popular genres among moviegoers for various…

America Movil and Telxius to Build AMX3 Tikal Subsea Cable

America Movil and Telxius announced the deployment of a new ultrahigh capacity subsea cable to…

Vodafone Idea Gets Green Flag to Convert Interest Dues to Equity for Govt

Vodafone Idea (Vi), the third-largest telecom operator in the country, can finally go ahead with…

iPhone 14 Available at a Discount of Rs 11,401 Right Now

Apple's iPhone 14 is currently available for a discount of Rs 11,401 on Flipkart. For…

Deutsche Telekom Launches Hybrid 5G Solution

Deutsche Telekom, the German multinational telecommunications company, has announced Hybrid 5G solution. With Hybrid 5G,…

DTH Bills to Go Up in a Few Weeks in India

Direct-to-Home (DTH) services are soon going to get more expensive than what it costs right…

Samsung Galaxy S23 vs Galaxy S22: How Expensive is S23 Series

Samsung recently unveiled the Galaxy S23 series in India as well as the global market.…

Prime Enters Denmark With 124 MW Campus

Prime, a global provider of hyper-scale and wholesale data centers, announced its plan to expand…

OPPO Reno 8T 5G Launched in India, is it the Midrange Phone You Need

OPPO Reno 8T 5G has just launched in India. The smartphone is a mid-range device…