Major telcos face Rs 1.4 lakh crore payout after SC order on AGR
After the Supreme Court’s judgement on the Central government's plea on its interpretation of Adjusted Gross Revenue (AGR), telecom companies like Airtel, Vodafone Idea and others are affected the most. A bench of justices - Arun Mishra, S Abdul Nazeer, and MR Shah held that most revenue components, "except one or two", would fall within the Department of Telecommunications' (DoT) definition of AGR, thereby ending over 14 years of legal battle between the Centre and the telecom companies....