Bharti Airtel pays Rs 10,000 crore as part of AGR dues - News Summed Up

Bharti Airtel pays Rs 10,000 crore as part of AGR dues


Bharti Airtel has paid ₹10,000 crore to the Department of Telecommunications (DoT) as a part of its adjusted gross revenue (AGR) dues, the company said in a statement. As per the DoT, the company owes around Rs 35,586 crore in statutory dues, including licence fee and spectrum usage charge. "Rs 10,000 crore have been paid on behalf of Bharti Airtel, Bharti Hexacom, and Telenor," the Sunil Mittal-led company said in a statement. As much as Rs 9,500 crore has been paid on behalf of Bharti Airtel (including Telenor India which merged with the company), and another Rs 500 crore for Bharti Hexacom. In total, 15 entities owe the government Rs 1.47 lakh crore, including Rs 92,642 crore in unpaid licence fee and Rs 55,054 crore in outstanding spectrum usage charges.


Source: dna February 17, 2020 07:07 UTC



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