Fresh AGR blow coming! Telcos' dues to go beyond Rs 1.47 lakh crore
DoT is in process of calculating pending AGR dues since FY17; this could raise another round of litigation battle between telecom companies and government
- Feb 20, 2020,
- Updated Feb 20, 2020 1:33 PM IST
Telecom companies including Vodafone Idea and Airtel are set to face another major blow as Department of Telecom is in the process of calculating AGR (Adjusted Gross Revenue) dues for FY18 and FY19. Notably, the DoT has so far demanded AGR dues, including licence fees, interest and penalties, till 2016-17 only, while spectrum charges worth Rs 55,100 crore have been calculated till FY19.
The department is now in the process of calculating the pending AGR dues since FY17. The process is quite "long and takes time", The Economic Times quoted a DoT official as saying. The jacked-up AGR numbers could also start another round of litigation between the DoT and telcos, which are already bearing the brunt of SC's October 24 ruling.
Edited by Manoj Sharma
Telecom companies including Vodafone Idea and Airtel are set to face another major blow as Department of Telecom is in the process of calculating AGR (Adjusted Gross Revenue) dues for FY18 and FY19. Notably, the DoT has so far demanded AGR dues, including licence fees, interest and penalties, till 2016-17 only, while spectrum charges worth Rs 55,100 crore have been calculated till FY19.
The department is now in the process of calculating the pending AGR dues since FY17. The process is quite "long and takes time", The Economic Times quoted a DoT official as saying. The jacked-up AGR numbers could also start another round of litigation between the DoT and telcos, which are already bearing the brunt of SC's October 24 ruling.
Edited by Manoj Sharma