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 2,500 crore for AGR dues. Further, Vodafone Idea would be able to pay an additional Rs 1,000 crore in the coming days before February 21, 2020. The telecom operator has also asked the Department of Telecommunications (DoT) not to take any coercive action. The telecom company also asked the DoT not to invoke any bank guarantees as well because that would hamper the operations of the company.

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No Relief for Telecom Operators

It is worth noting that the telecom operators have been pushing hard to get some relief from the Supreme Court in regard to the Adjusted Gross Revenue (AGR) Dues which amount to around Rs 1.3 lakh crore for all the operators. Out of all the telcos, Reliance Jio is the only one which has paid its dues before the January 23 deadline this year. However, the rest of the operators have found themselves to be incapable of paying these dues given the high quantum. The Sunil Bharti Mittal led telecom operator, Bharti Airtel has dues worth Rs 35,500 crore on its head, whereas, Vodafone Idea has dues worth Rs 53,000 crore to pay.