Tag Archives: AGR

DoT Seeks Supreme Court Nod on 20-Year Window for Payments of AGR Dues

DoT Seeks Supreme Court Nod on 20-Year Window for Payments of AGR Dues

In a big relief for telecom operators, the Department of Telecommunications (DoT) on Monday moved the Supreme Court seeking its approval for a 20-year window for payment of around Rs. 1.47 lakh crores Adjusted Gross Revenue (AGR) dues, as adverse functioning of the telecom firms could have a negative impact …

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Bharti Airtel Pays An Additional Rs 8,004 Crore Towards AGR Dues

Bharti Airtel Pays An Additional Rs 8,004 Crore Towards AGR Dues

Bharti Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charges Bharti Airtel has paid an additional amount of Rs 8,004 crore to the government towards Adjusted Gross Revenue (AGR) dues, days after paying Rs 10,000 towards its statutory dues. Bharti Airtel had paid Rs 10,000 crore to …

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AGR Dues: Government May Seek Balance Between Supreme Court Order, Telcos’ Health

AGR Dues: Government May Seek Balance Between Supreme Court Order, Telcos

With the telecom sector reeling under severe financial stress and Vodafone Idea staring at bankruptcy in case it is made to pay its adjusted gross revenue (AGR) dues, the government is considering options to stick to the Supreme Court’s directive but with least possible impact on the financials of the …

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Vodafone Idea Share Price Crisil Downgrades Vodafone Idea Rating Says Lower Likelihood Of AGR relief

Crisil Downgrades Vodafone Idea

Vodafone Idea: Crisil has retained the rating on watch negative, pending clarity on funding plan Crisil on Thursday downgraded Vodafone Idea’s non-convertible debentures worth Rs 3,500 crore citing diminishing expectations of a relief from the government in the adjusted gross revenue (AGR) matter for the beleaguered telecom company. In a …

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Vodafone India’s “Slim Hope” To Stay Alive With Paying Dues In Parts

Vodafone India

Vodafone Idea has said Rs 1,000 crore will be paid before the end of the week New Delhi: Beleaguered wireless carrier Vodafone Idea will pay Rs 3,500 crore ($490 million) in telecom dues to the government by the end of this week, the company said on Monday. Vodafone Idea shares …

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Telecom Firms Make Part-Payment Of AGR Dues As Top Court Refuses To Relent

Telecom Firms Make Part-Payment Of AGR Dues As Top Court Refuses To Relent

AGR Dues: Bharti Airtel paid Rs 10,000 crore to the Department of Telecommunications. The beleaguered telecom companies made part-payment of adjusted gross revenue (AGR) dues to the government after the telecom department began issuing orders to telecom companies to clear their dues immediately or face “necessary action.” The telecom department …

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Telecom AGR Dues Crisis: RBI Closely Monitoring Developments

Telecom AGR Dues Crisis: RBI Closely Monitoring Developments

With massive Rs 1.47 lakh crore of AGR dues pushing telecom firms to the brink, Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank is “very closely monitoring” the fallout of the crisis on lenders by way of a default, if any, by telecom players. In …

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Vodafone Idea to Pay AGR Dues in Next Few Days, Informs Exchange

Vodafone Idea to Pay AGR Dues in Next Few Days, Informs Exchange

Vodafone Idea is currently assessing the AGR dues and will pay this in the next few days, the company has said in an exchange filing. “We wish to inform that post the hearing yesterday, the company has received letters from the Department of Telecommunications (DoT) directing immediate payment,” Vodafone Idea …

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Airtel, Vodafone Idea, Tata Teleservices Likely To Clear Telecom Department Dues On Monday: Report

Airtel, Vodafone Idea, Tata Teleservices Likely To Clear Rs 1 Lakh Crore Dues On Monday: Report

Bharti Airtel, Vodafone Idea and Tata Teleservices are jointly liable to pay dues of over Rs 1 lakh crore New Delhi: Telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for adjusted gross revenue (AGR) dues on Monday to avoid stringent punitive action from the …

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