The Supreme Court on Friday dismissed a plea of telecom companies for correction of alleged errors in adjusted gross revenue (AGR) calculation. The top court had in September last year granted telecom companies a period of 10 years to clear their pending AGR dues to the central government with 10 per cent payment every year.

Telecom operators, including Bharti Airtel and Vodafone Idea, which have pending adjusted gross revenue dues will have to pay 10% of the total liability by March 31 irrespective of the part-payments made by them, according to sources. Operational telecom operators are expected to pay Rs 12,921 cr by March 31, of which close to 80% … Continue reading ‘Telcos need to pay 10% of total AGR dues by Mar 31’

The telecom operators have been paying service tax and then GST under the reverse charge mechanism (RCM) on licence fees (LF) and spectrum usage charges (SUC) made to the department of telecom (DoT) for the period starting April 1, 2016.

The Supreme Court on Friday, while hearing the adjusted gross revenue (AGR) payment matter, asked the department of telecommunications (DoT), secretary, to file a detailed affidavit on the issue of the dues to be paid by the users of shared spectrum.

Reliance Jio told the Supreme Court on Tuesday that it has already paid Rs 195 crore in AGR-related dues which included spectrum sharing charge of Reliance Communications. It said there is no question of one operator paying the adjusted gross revenue (AGR) related dues of another firm, as suggested by the apex court earlier, and … Continue reading Paid Rs 195 crore AGR related dues: Jio tells SC

The Supreme Court Monday said it will not hear “even for a second” arguments on re-assessment of adjusted gross revenue (AGR) related dues of telecom companies which approximately run into Rs 1.6 lakh crore. A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah reserved its verdict on the issue of timeline … Continue reading ‘Won’t hear arguments on reassessment of AGR dues’

Telecom players have urged regulator Trai to move forward quickly on the issue of fixing floor price for tariffs, saying the matter is imperative to ensure that the sector is sustainable and in a position to bear the deferred spectrum and AGR dues. The Cellular Operators’ Association of India has written to the Trai seeking … Continue reading Telcos approach Trai seeking early decision on floor price issue

The government will form an expert group to decide over Rs 82,300-crore disputed AGR (adjusted gross revenue) claims that have arisen due to differences between the outstanding payment sought by the telecom department (DoT) and those claimed by private telecom companies such as Vodafone Idea, Airtel and Tata Group.

Loss-making telecom operator Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the department of telecom (DoT), thereby completing payment of principal amount calculated on self-assessment basis. With this fresh payment, Vodafone Idea (VIL) has paid Rs 6,854 crore towards AGR dues.

The department of telecom (DoT) wrote to all the telcos asking them to pay balance dues “without delay” and also submit detailed bifurcation of payments (explanation of self assessed amounts), which are necessary for proper reconciliation of legitimate dues.

As Vodafone Idea faces a survival battle due to the massive AGR (adjusted gross revenue) bill of over Rs 53,000 crore, Vodafone’s global CEO Nick Read will be visiting India later this week and he is expected to impress upon the government for a bailout.

Telecom operator Bharti Airtel on Saturday said that it has made additional payment of Rs 8,004 crore towards adjusted gross revenue (AGR) dues to the department of telecom (DoT). The payment of Rs 8,004 crore is in addition to Rs 10,000 crore the company paid on February 17, 2020 in compliance to the Supreme Court … Continue reading AGR dues: Bharti Airtel pays additional Rs 8,004cr

In perhaps the first step towards invoking bank guarantees of defaulting mobile companies over the adjusted gross revenue (AGR) matter, the department of telecom (DoT) has started circlewise calculation of dues of operators towards various statutory payments.

DoT seeks legal view to recover dues

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The department of telecom has sought the opinion of Solicitor General Tushar Mehta and other top legal minds on invoking bank guarantees (running into several thousand crores) for “delays” in realising “full dues” from mobile operators, who had been ordered to pay dues up to Rs 1.47 lakh crore in 3 months, following the October … Continue reading DoT seeks legal view to recover dues

State Bank of India (SBI) chairman Rajnish Kumar on Friday said the bank was prepared for the worst following the Supreme Court order asking telecom companies to immediately pay adjusted gross revenue (AGR) dues to the government. SBI has Rs 29,000-crore loan exposure to telecom, the largest among Indian banks.

The department of telecom (DoT) on Friday ordered Bharti Airtel, Vodafone Idea and others to pay their AGR (adjusted gross revenue) dues by 11:59 pm Friday. The order comes just hours after the SC issued notice to the companies and their directors to explain why contempt proceedings shouldn’t be initiated against them for not paying … Continue reading DoT orders telecom companies to clear dues by midnight

Vodafone Idea on Thursday reported widening of losses to Rs 6,438.8 crore in October-December 2019 against Rs 5,004.6 crore in the year-ago period as the AGR (adjusted gross revenue) dues-hit telco reeled under the impact of increased finance costs and higher depreciation of assets.

Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue (AGR) dues accounted till January 31, 2020, according to an official source. The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, … Continue reading Jio pays Rs 195cr to DoT to clear AGR dues