Tata Communications, in which the government holds 26.12 per stake, on Wednesday said that it has made no provision for the telecom department's demand of Rs 6,633 crore for AGR dues as the Supreme Court order did not include appeal of the company which is still pending before the court.
The company said that it has replied to the demand cum notice sent by the DoT in the second quarter ended September 2019 but it has not received any response from the department.
The Supreme Court has upheld DoT method of calculating revenue share between telecom companies and the government in its order dated October 24, 2019. Based on this order, DoT estimates that telecom companies are required to jointly pay around Rs 1.47 lakh crore by January 23.
The DoT is learnt to have given no relaxation to the companies on the payment of AGR dues.
Tata Communications said that it has received demand of Rs 6,633.43 crore from the Department of Telecom towards licence fee on its adjusted gross revenue for the financial year 2006-07 till 2017-18
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