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Bharti Airtel pays ₹10,000 crore to DoT as part of its AGR dues

Bharti Airtel pays 10,000 crore to department of telecommunications as a part of its adjusted gross revenue (AGR) dues, the company said in a statement.

Bharti Airtel’s total AGR dues as assessed by DoT amounts to 35,586 crore. The company said that it will make the rest of the payment before 17 March as it needs time to complete the exercise of calculating dues across 22 circles.

“The…total amount of 10,000 crore has been paid on behalf of Bharti Airtel, Bharti Hexacom, and Telenor,” the company added.

“We are in the process of completing the self assessment exercise expeditiously and will duly make the balance payment upon completion of the same, before the next date of hearing in the SC,” Bharti Airtel said. The company said it will also submit supporting details at the time of making balance payment.

The DoT issued fifth and final notice to telecom operators on February 14 for making payment immediately, but none of the companies paid the dues.

DoT’s move comes after the Supreme Court on Friday pulled up Bharti Airtel and Vodafone Idea for not paying their AGR dues to the government by 23 January.

Source: Livemint