AGR dues

Bharti Airtel moves Supreme Court over calculation of AGR dues 

In September last year SC had directed telcos to pay 10 per cent of their pending AGR dues upfront and pay the rest in annual instalments up to March 31, 2031.

published on : 6th January 2021

AGR matter may end up in court yet again

The divergence in opinion arises from the fact that companies have already made partial payments toward the total demand raised by the DoT.

published on : 24th September 2020

Telcos need to pay 10 per cent of total AGR dues by March 31 irrespective of payment made: Sources

The officer said that telecom operators can clear the balance dues in 10 yearly instalments from the next financial year onward.

published on : 21st September 2020

Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

Reliance Jio could snap up more than half of Vodafone Idea's subscriber losses, with the balance going to Bharti, the release added.

published on : 8th September 2020

Staggered payment of AGR dues 'a good outcome'; tariff hike must for sustainability, returns: Vodafone

Last week, VIL board approved fund-raising plans of up to Rs 25,000 crore through a combination of equity and debt instruments, to keep the company afloat.

published on : 7th September 2020

Vodafone Idea board to discuss fundraising plans

Vodafone Idea Ltd, in a late night filing to BSE on Monday, said the meeting of the board of directors of the company is scheduled on September 4, 2020.

published on : 2nd September 2020

Supreme Court grants telcos 10 years to pay AGR dues, tough road ahead for Vodafone Idea

Vodafone Idea may no longer be staring at an immediate, and ignominious, insolvency, but there is no guarantee the ten year timeframe will save it from such a fate down the road.

published on : 1st September 2020

Government should cancel licences if dues not paid: Supreme Court

'If telcos are unwilling to pay, we will direct cancellation of spectrum allocation. How else is DoT supposed to deal with such an issue?' the bench asked.

published on : 25th August 2020

SC worried IBC will wipe out dues of bankrupt companies

The bench said telcos could not use spectrum without paying dues.

published on : 21st August 2020

SC asks Centre to clarify stand on why Reliance Jio be not asked to pay AGR related dues

Solicitor General Tushar Mehta, appearing for Centre and DoT, said the government would support any view taken by the top court resulting in recovery of the AGR related dues.

published on : 17th August 2020

Jio-RCom spectrum sharing deal not connected with AGR liability: Sources

RJIL in April 2016 entered into a pact to share a part of the spectrum held by RCom and its unit Reliance Telecom Ltd (RTL).

published on : 15th August 2020

SC reserves order on AGR payment schedule, Vodafone Idea says almost all net worth wiped out

Even if relief is granted, analysts say, the road to recovery is unlikely to be easy. Vodafone Idea especially is facing a massive tariff hike across segments.

published on : 20th July 2020

AGR hearing: 'We are barely afloat, only way is to earn and pay,' Vodafone tells SC 

Justice Mishra said that the court wants all parties to come forward and offer a reasonable plan for payment of the AGR dues.

published on : 18th June 2020

Will withdraw 96 per cent of Rs 4 lakh cr AGR related dues raised against PSUs, Centre tells SC

The DoT sought time from the bench to respond to the affidavits filed by telecom companies, including Airtel and Vodafone on payment of AGR dues by them.

published on : 18th June 2020

Vodafone Idea tumbles 13%, Bharti Airtel falls nearly 3%

SC asked private telecom operators to furnish undertakings and file affidavits giving a road map for clearing the AGR-related dues, as Vodafone Idea said it does not have enough money.

published on : 11th June 2020
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