Telecom operators are facing a lot of trouble due to default in payment of AGR dues. However, Bharti Airtel is removing the burden. The telco giant has paid Rs 8,004 crore to DoT in its second installment as statutory due. With the current payment, Bharti Airtel has paid a total of Rs 18,004 for its AGR dues. As per their self-assessment, Bharti Airtel has collected Rs 3,004 crore in full and final form.
Bharti Airtel has paid Rs 10,000 crore as ad-hoc payment
According to the words of the telco giant in a file filing on Sunday, “The company has paid an additional amount of Rs 3,004 crore as the full and final amount for its AGR dues. In addition, the telco giant has also paid the Bharti Group of Companies ( Bharti Airtel, Bharti Hexacom, and Telenor India.) On February 17, 2020, has paid Rs 10,000 crore as immediate payment.
The telco veteran also said, “Apart from the mentioned amounts paid on our self-assessment basis, we paid an additional amount of Rs 5,000 crore as payment to cover all the gaps in case of contingency… Department of Telecommunications “. The operator has already paid Rs 10,000 crore as the ORR dues, and it appears that this is the full and final payment by the telco giant for its EdgeR dues. Bharti Airtel has now paid a total of Rs 18,004 crore as compared to its ORR dues of Rs 35,000 crore.
Reliance Jio owes its full AGR
Till now, Reliance Jio is the only telco to pay its entire AGR amount of Rs 195 crore. In addition, Vodafone’s Idea is having trouble paying its UKR. The telco giant has so far paid Rs 3,500 crore from its huge ORR dues of Rs 57,000 crore. However, Vodafone Idea has self-assessed its AGR dues of Rs 23,000 crore including Rs 7,000 crore as the principal amount.