Vodafone sign board. (File photo | Reuters) 
Business

Vodafone Idea pays Rs 1,000 crore to telecom department towards AGR dues

In all, Vodafone Idea owes Rs 53,000 crore to the telecom department.

From our online archive

NEW DELHI: Vodafone Idea on Thursday paid Rs 1,000 crore more to the Department of Telecommunications (DoT) towards its statutory dues, a senior official said.

The company had paid Rs 2,500 crore to the government towards adjusted gross revenue (AGR) dues on Monday. In all, Vodafone owes Rs 53,000 crore to the telecom department.

The DoT source have said that notices will also be sent to Tata Teleservices for recovery of full dues in a day or two. The company is said to have paid Rs 2,197 crore to the government on Monday. However,  DoT's calculations peg the outstanding amount at over Rs 14,000 crore.

On Tuesday, Vodafone Idea Chairman Kumar Mangalam Birla met Telecom Secretary Anshu Prakash as he looked for options to keep the company afloat.

After the meeting, Birla said he "cannot say anything at the moment." Birla, who met the telecom secretary for over an hour, was accompanied by Ravinder Takkar, MD & CEO of Vodafone Idea.

He refused to respond to queries on whether or not Vodafone Idea Ltd (VIL) would default on payment of AGR dues or if the company could head towards insolvency.

All hype & no competition: India beat Pakistan, seal Super 8s berth in style

INTERVIEW | Budget shunned short-term populism, reflects yearning to be developed nation: PM Modi

LS Speaker Om Birla to represent India at Tarique Rahman's oath ceremony in Bangladesh

Amid rising crime in BJP-ruled Uttarakhand, Congress condemns 'hooliganism in Hanuman's name'

'Witnessing betrayal of Indian farmers': Rahul Gandhi sharpens attack on Centre over US trade deal

SCROLL FOR NEXT