Vodafone Idea pays another Rs.1000 crore as AGR due

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Mumbai: Following the Supreme Court Injunction last month, telecom operator Vodafone Idea on Saturday said that it has on Friday paid Rs.1000 Crore to the Department of Telecom (DoT) towards adjusted gross revenue (AGR) dues. With this the company has paid a total amount of Rs. 7854 Crore towards AGR so far.

“ The Company has yesterday (i.e. 17 July 2020) paid a further sum of Rs. 1,000 crore to the DoT towards the AGR dues. The Company had earlier deposited Rs. 6,854 crores in 3 tranches. The Company has thus paid an aggregate amount of 7,854 crores towards the AGR dues” said the company in a stock market filing.

The Supreme Court it the last hearing on the AGR issue on 18th June has said “We have requested the telecom operators to file audited Balance Sheets, for the last 10 years including for the Calendar year ending 31.3.2020 as well as the Income Tax Returns and the particulars of AGR deposited during the last 10 years and we have also requested to make payments of reasonable amount also to show their bonafides, before the next date of hearing”

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