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.

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

BSNL 4G Plans Under Rs 50 Offer Up to 2GB Data

Bharat Sanchar Nigam Limited (BSNL) not only offers data packs under Rs 50 but also…

Best 300 Mbps Broadband Plans Available in 2022

When choosing a broadband plan it is important to take into consideration the internet speed…

Redmi Note 11 Series Consisting Four Models Launched Globally – Specification and Price Details

The Chinese smartphone manufacturer Xiaomi has finally launched its much-awaited Redmi Note 11 Series globally…

AOC Launches Three New Gaming Monitors in India with 1ms Response Time and AMD FreeSync

The multinational electronics company based in Taiwan AOC has launched three new G2 gaming monitors…

Indian IT Services Companies Outperform US Based Companies in Brand Value Growth

According to a new report the Indian IT services companies have completely outperformed the rivals…

OnePlus Nord 2T Specification Revealed, Could Arrive with Dimensity 1300

The Chinese smartphone manufacturer had launched its OnePlus Nord 2 smartphone last year in the…

JioPhone 5G May Launch with Snapdragon 480 SoC

With all the buzz going around the arrival of the 5G network and the services…

Vodafone Idea Prepaid Plans You Can’t Ignore

Vodafone Idea has a ton of prepaid plans in its offering that you just can’t…

Asianet Broadband Offers Solid 125 Mbps Plan for Very Low Cost

Asianet Broadband is one of the most popular internet service providers (ISPs) based out of…