After Supreme Court’s rap, telcos pay ₹14,697 crore to DoT - News Summed Up

After Supreme Court’s rap, telcos pay ₹14,697 crore to DoT


Telecom services providers including Bharti Airtel, Vodafone Idea and Tata Group on Monday cumulatively deposited ₹14,697 crore as part payment of their adjusted gross revenue (AGR) dues with the Department of Telecommunications (DoT). While Bharti Airtel paid ₹10,000 crore, Vodafone Idea remitted ₹2,500 crore and the Tata Group deposited ₹2,197 crore. Also read | A royal mess: on the turmoil in telecom industryAdditionally, Vodafone Idea committed to pay another ₹1,000 crore by the end of this week. Bharti Airtel, in a letter to the DoT, said that the ₹10,000 crore had been paid on behalf of Bharti Airtel Limited, Bharti Hexacom Limited and Telenor. As per the DoT’s assessment, Bharti Airtel’s liabilities for licence fee and spectrum usage charge stand at about ₹35,586 crore, while that of Vodafone Idea and Tata Teleservices are about ₹53,000 crore and ₹13,823 crore, respectively.


Source: The Hindu February 17, 2020 18:11 UTC



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