Sunday, 09 May 2021

Indian Supreme Court rejects calls for AGR payment recalculation

by Harry Baldock, Total Telecom
Tuesday 21 July 20

Beleaguered telcos Vodafone Idea and Bharti Airtel also sought an timeline of 15 years to pay their adjusted gross revenue (AGR)-related fees, but the Supreme Court would not budge

Since the start of 2020, the AGR dues demanded by the Indian government have been wreaking havoc in the domestic telecoms sector, with the fees tallying in the billions of dollars, virtually crippling Vodafone Idea and dealing a major blow to Bharti Airtel.  Idea has repeatedly threatened collapse, with parent company Vodafone loathe to infuse it with more funds…

Since the start of 2020, the AGR dues demanded by the Indian government have been wreaking havoc in the domestic telecoms sector, with the fees tallying in the billions of dollars, virtually crippling Vodafone Idea and dealing a major blow to Bharti Airtel.  Idea has repeatedly threatened collapse, with parent company Vodafone loathe to infuse it with more funds…

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