Already seven months have passed since the October 2019 judgment, but it appears that the DoT is not interested in calculating dues
In an unprecedented criticism of telecom operators, the Supreme Court said their action of self-assessment was contempt of court and warned that the bosses of these companies will be jailed.
The DoT has sought staggered payment over 20 years by telecom companies.
"The company has today (Monday) paid a further amount of Rs 3,354 crore to the DoT, being the balance part of the principal amount towards AGR liability. Thus, the company has paid the full principal amount of Rs 6,854 crore towards AGR dues," VIL said in a BSE filing.
Telecom companies have been given a deadline of March 17 to pay AGR dues worth a combined Rs 1.47 lakh crore to the DoT.
The government has so far received about Rs 26,000 crore from AGR payments, including adhoc/ buffer amounts given by telcos to meet any reconciliation differences.
The additional payment of over and above Rs 2,197 crore it has already submitted to the government, is aimed at covering any reconciliation differences, the source added.
The payment is for the spectrum that the company bought in the previous auction.
The move assumes significance as the amounts paid by telcos so far, even those who have announced full and final settlement, is significantly less than DoT's AGR estimates.
Telecom companies have been given a deadline of March 17 to clear AGR-related dues worth a combined Rs 1.47 lakh crore.
The government also wants Vodafone Idea to expedite its self-assessment, and Telecom Secretary Anshu Prakash is believed to have communicated DoT's views in this regard to VIL, CEO and MD Ravinder Takkar during a recent meeting on Friday evening.
The telecom department officials continue to maintain that the meeting did not focus on AGR issues but on project implementation for PPP on Bharat Net project.
Officials from the Department of Telecommunications (DoT) have asked India’s two MNP service providers – Syniverse Technologies India and MNP Interconnection Telecom Solutions India – for the number of requests they can process in a day
The letter to the communications ministry comes at a time when the company is confronted with AGR dues of over Rs 53,000 crore and has paid a mere 7 percent of its liabilities so far.
"Banks are currently unwilling to take any risk with respect to the telecom sector and are constantly asking telecom service providers to reduce their exposures by refusing to issue new bank guarantees or even to renew bank guarantees," COAI Director General, Rajan Mathews said in a letter to Telecom Secretary Anshu Prakash.
The cash-strapped firm wants its AGR-related dues be adjusted against its Goods & Services Tax (GST) refund demand of Rs 8,000 crore
Tata executives have conveyed that they “do not have to pay anything more towards AGR". They added the calculations were confirmed via an internal assessment, which was further verified by an independent consultant
Vodafone Idea paid Rs 2,500 crore to the Department of Telecom (DoT) on February 17 and promised to pay another Rs 1,000 crore before the end of the week.
Even if incumbent telcos wanted to contest legally, they could have paid LF & SUC “under protest” to save on interest, and penalties, which is almost now 70 per cent of the total demand of about Rs 1.7 lakh crore.
A bench headed by Justice Arun Mishra declined to accept the proposal given by senior advocate Mukul Rohatgi, appearing for Vodafone, after he mentioned the matter.
The Supreme Court’s order to pay up dues is a moment of reckoning for affected telcos
"The...total amount of Rs 10,000 crore has been paid on behalf of Bharti Airtel, Bharti Hexacom, and Telenor.
After the court hearing on February 14, the Department of Telecom (DoT) asked all telecom companies to repay AGR dues by the end of the day in order to comply with the October verdict of the Supreme Court
The three companies are jointly liable to pay dues of over Rs 1 lakh crore, but they have informed the Department of Telecom (DoT) of making only partial payment, as per their representatives.
Moneycontrol’s Jerome Anthony talks to Corporate Bureau Chief Prince Thomas to find out the top developments of the week.