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Bharti Airtel and Vodafone Idea Get Huge Relief from AGR Dues Amidst Coronavirus Outbreak

Highlights
  • DoT is engaged on Digital Infrastructure to offer higher community connections
  • Telcos must pay a cumulative quantity of Rs 1.47 lakh crore in direction of AGR dues
  • Tata Teleservices has to pay Rs 16,798 crore as per DoT

The international unfold of Covid-19 has created instability in numerous industries all over the world, together with the Indian telecom sector. Indian Government has just lately declared 21 days lockdown to battle again the lethal virus. Telecom Industry which is worst hit by Covid-19 can be going through operational points as thousands and thousands of persons are utilizing networks on the similar time. According to an ET Telecom report, the Department of Telecommunications (DoT) has subsided the problems of default in AGR funds and are simply specializing in sustaining the digital infrastructure which is able to cater the wants of billions of persons are who’re counting on the steady community to work at home. Telcos akin to Bharti Airtel and Vodafone Idea will get large aid amidst the outbreak of Coronavirus.

Supreme Court Slammed Telcos and DoT for Self-Assessed AGR dues

Supreme Court heard the matter of AGR dues on March 17, 2020, and slammed the telcos together with DoT officers. The Supreme Court said that self-assessment of AGR dues is contempt of courtroom and DoT shouldn’t have allowed telcos to self-assess their dues. Not solely this, however the supreme courtroom additionally directed the telcos to pay their AGR dues as estimated by DoT with none delays.

However, the courtroom agreed for deferred fee mechanism, which was scheduled to be heard in two weeks. Since the whole nation is a lockdown, the subsequent listening to concerning AGR dues is unclear. As per telcos, a state of affairs of duopoly and monopoly will disrupt the whole telecom business on the time of crises the place telcos have to offer companies to 1.3 billion folks.

Telcos Have to Pay a Cumulative Amount of Rs 1.47 Lakh Crore

As per the estimations of DoT, telcos must pay a cumulative quantity of Rs 1.47 lakh crore in direction of AGR dues. Vodafone Idea, which is essentially the most affected telco has to pay a whopping quantity of Rs 58,254 crore in direction of AGR dues. However, the telco large has simply paid its self-assessed principal quantity of Rs 6,854 crore. On the opposite hand, Bharti Airtel has to pay Rs 43,980 crore out of which the telco has cleared its self-assessed AGR dues value Rs 18,004 crore. Tata Teleservices has to pay Rs 16,798 crore out of which the telco has simply cleared Rs 4,197 crores.

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