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Home Business Reliance DoT to SC: AGR paid so far not full, final

Reliance DoT to SC: AGR paid so far not full, final

Reliance DoT to SC: AGR paid so far not full, finalReliance

Synopsis

Reliance The DoT additional mentioned that adjusted gross income (AGR) is predicated on total income generated by a telco and is not dependent solely on income from spectrum. The authorities’s newest affidavit will not bode nicely for Reliance Jio and Bharti Airtel who’ve insisted that they will not be compelled to tackle the AGR liabilities of bankrupt telcos that they had shared and/or traded spectrum with.

Reuters
The AGR struggle between the federal government and telcos has many battlefronts .

The Department of Telecommunications (DoT) has knowledgeable the Supreme Court that the AGR funds made by telcos cannot be mentioned to be full and final and that the federal government will await the court docket order to calculate final AGR legal responsibility on traded/shared spectrum.

In an affidavit filed earlier than the listening to on Monday, the DoT additional mentioned that adjusted gross income (AGR) is predicated on total income generated by a telco and is not dependent solely on income from spectrum.

The authorities’s newest affidavit will not bode nicely for Reliance Jio and Bharti Airtel who’ve insisted that they will not be compelled to tackle the AGR liabilities of bankrupt telcos that they had shared and/or traded spectrum with.

It has added that spectrum commerce by telcos beneath insolvency came about in 2016-17


Reliance Communications (RCom) has shared and traded a few of its spectrum with Reliance Jio Infocomm. Aircel and Videocon have traded spectrum with Bharti Airtel.

AGR dues have been paid to the tune of Rs 195 crore and any shortfall may even be paid to the extent of use of RCom’s spectrum, Jio has mentioned earlier. Airtel, mentioned that he would have to overview all of the older preparations to get on the AGR dues of Aircel and Videocon sought to be handed on to Airtel. DoT has sought Rs12,389 crore from Aircel, and Rs1,376 crore from Videocon.

The AGR struggle between the federal government and telcos has many battlefronts . DoT is in a tussle over possession of spectrum and has opposed the decision plan of Aircel and RCom in varied courts. At the identical time its newest affidavit means Airtel and Jio could have to decide up further spectrum dues than what they’ve paid for so far.

The court docket can be anticipated to give its final judgement on the timeframe wanted to pay AGR dues , a verdict on which Vodafone Idea‘s future hinges.

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13 Comments on this Story

Ajit Grewal3 days in the past

not to fear . the courts of …… will make a beneficial resolution. ambani bhai is concerned.

Gopal Soni4 days in the past

AGR

Raj Tillan4 days in the past

what do u say battle case for 10 years and when judgement come u no dues did DOiT file case to pay its crony attorneys fats charges ?



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