AGR Case: Airtel and Vodafone Idea to pay Rs. 50,000 Cr

Airtel and Vodafone Idea will have to pay Rs. 50,000 crore of the AGR (Adjusted Gross Revenue) as per Supreme Court judgement in the 14 year old legal battle over AGR.

Bharti Airtel will have to pay Rs. 21,682 crore, Vodafone Idea will have to pay Rs. 28,308 crore and Jio will have to pay Rs. 13 crore. This amount includes interest, penalty and interest on penalty.

The Apex Court has gone ahead with the AGR definition provided by the Department of Telecommunications (DoT).

Telecom operators have asked for a minimum of six months to pay their AGR dues and the bench said it will consider their request.

AGR is the basis on which DoT calculates levies payable by operators and it has been a bone of contention in the sector for over a decade. The matter has been under litigation for the last 14 years with operators arguing that AGR should comprise revenue from telecom services, but DoT insisted that AGR should include all revenue earned by an operator, including that from non-core telecom operations.


Be the first to comment

Leave a Reply