- Vodafone Idea has 300 million energetic subscribers in India
- Bharti Airtel has paid Rs 18,004 crore in the direction of AGR dues
- Crisis plan by DoT will revive the pressured telcos from monetary misery
Telecom Industry has been dealing with large monetary misery in India. Telecom operators comparable to Vodafone Idea, Bharti Airtel, Reliance Jio and plenty of others need to pay a cumulative quantity of Rs 1.47 lakh crore to DoT in the direction of AGR dues. Recently, the Supreme Court slammed the telcos, and DoT officers stating that self-assessed dues are contempt of courtroom and the telecom operators need to pay their AGR dues estimated by DoT. However, the Supreme Court bench would possibly enable the telcos to clear their AGR dues within the subsequent 15 years. Also, DoT is planning to create a disaster plan which might stabilise the telecom trade and cut back the impression in case if any telecom operator falls.
DoT Crisis Plan Will Help Telecom Operators
Supreme Court has clearly said that telcos need to clear their AGR dues with none additional delays. In such a scenario, the DoT disaster plan will revive the pressured telcos who’re below substantial monetary stress due to the AGR dues. Also, the Crisis Plan will eradicate the scenario of telco giants fall as it might result in large porting requests and closure of telecom traces.
Vodafone Idea which is worst affected by the supreme courtroom’s verdict will face large hassle because the telco large has to pay round Rs 58,254 crore. Currently, Vodafone Idea has 300 million energetic subscribers which embrace massive enterprise enterprises. Vodafone Idea has additionally appealed the federal government for reduction measures to make sure their sustainability available in the market. The telco large has requested for GST refund of Rs 8,000 crore which might settle of their AGR dues. Also, the telco has requested for a discount in license charges and spectrum utilization cost (SUC).
Supreme Court Slams Telcos and DoT
Supreme Court denied the self-assessed AGR estimates achieved by telecom operators. The supreme bench additionally slammed DoT for permitting the self-assessment of AGR dues as it’s contempt of courtroom. Bharti Airtel self-estimated its AGR dues lower than Rs 18,004 crore and in addition clear their self-assessed quantity. However, as per DoT Bharti Airtel has to pay Rs 45,000 crore in the direction of AGR dues.
Similarly, Vodafone Idea estimated their AGR dues at Rs 21,000 crore out of which the telco large already cleared the principal quantity of Rs 7,000 crore. Whereas as per DoT the telco large has to pay Rs 58,254 crore in the direction of AGR dues.