Bharti Airtel to deposit ₹10,000 crore by February 20 as part of its AGR dues
By MYBRANDBOOK
Bharti Airtel has informed the Department of Telecommunications (DoT) that it would deposit ₹10,000 crore by February 20, and promised that the remaining amount would be cleared “well before” the next date of the hearing - March 17, after the latter has began issuing of notices circle wise to the telcos.
An order by the U.P. (West) Telecom Circle directed all telecom service providers to “make the payment of outstanding dues of license fee and spectrum usage charge by 14.02.2020, 11.59 p.m., positively.”
It is not however clear how many such orders have been sent and what is the exact amount that the operators may need to deposit by February 14 midnight.
In January, the Supreme Court dismissed petitions filed by telecom companies for a review of its October 2019 judgment upholding the recovery of past dues amounting to ₹1.47 lakh crore from them.
15 companies owe ₹1.47 lakh crore in license fees (₹ 92,642 crore) and spectrum usage charge (₹55,054.51 crore). A large chunk of these dues is owed by Vodafone Idea (₹53,038 crore) and Bharti Airtel (nearly ₹35,586 crore excluding dues of Telenor and Tata Teleservices).
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