AGR not part of Budget 2020: Spectrum auction at base price could fill in

Clearly the government is pinning its hope very highly on the mega success of the spectrum auction

With Department of Economic Affairs Secretary Atanu Chakraborty making it clear that the government has not reckoned on the adjusted gross revenues (AGR) of telcos in the Budget, a more than doubling of revenues from “other communications services” can happen only if most of the spectrum comes under the hammer in upcoming auctions at the base price. 

This would also include the spectrum for 5G services, despite the fact that all telcos have publicly stated that they won’t go for 5G at the current base price. 

Simply stated, the government expects the telcos, which are projected to have AGR of Rs 2