AGR verdict: COAI seeks 10 years to pay dues with 2-year moratorium

In a blow to telecom operators, the Supreme Court on October 24 rejected their plea to revise the government's definition of adjusted gross revenue

In a letter to Telecom Minister Ravi Shankar Prasad, the Cellular Operators Association of India (COAI) on Thursday asked for a ten-year staggered payment scheme with a two-year moratorium to pay the amount stipulated by the Supreme Court's Adjusted Gross Revenue (AGR) verdict. However, it has requested Department of Telecommunications (DoT) to waive off interest, penalty and interest on the penalty, which has been imposed by the Supreme Court of India in its order as a result of which, the total amount that they have to fork out is Rs 133,000 crore.

In an addendum to its previous letter asking