Bharti Airtel pays Rs 10,000 crore in AGR dues to DoT

Image
ANI
Last Updated : Feb 17 2020 | 12:45 PM IST

Telecom major Bharti Airtel on Monday deposited Rs 10,000 crore as part of its adjusted gross revenue (AGR) dues to the government after being rapped by the Supreme Court.

The Department of Telecommunications (DoT) had issued fifth and final notice to telecom operators on February 14 for making payment immediately.

The move came after the apex court pulled up Bharti Airtel and Vodafone Idea for not paying their AGR dues to the government by January 23.

Bharti Airtel's total AGR dues as assessed by DoT reportedly amount to Rs 35,586 crore. The company said that it will make the rest of the payment before March 17 as it needs time to complete the exercise of calculating dues across 22 circles.

"We are in the process of completing the self-assessment exercise expeditiously and will duly make the balance payment upon completion of the same, before the next date of hearing in the Supreme Court," said Bharti Airtel.

The company said it will also submit supporting details at the time of making balance payment.

Vodafone Idea's total AGR dues are estimated at Rs 53,038 crore which include Rs 24,729 crore of spectrum dues and Rs 28,309 crore in licence fee.

Earlier, the company said it is in the process of assessing the dues it will be able to pay the government.

.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 17 2020 | 12:32 PM IST

Next Story