The telecom operator approved conversion of the full amount of interest related to spectrum auction instalments and dues owed to the government for use of airwaves into equity.
Annual savings, reduced debt for Airtel, Voda-Idea if SC allows AGR self-assessment
As per Goldman Sachs, Airtel could potentially save Rs 4,100 crore annually and Vodafone Idea Rs 5,800 crore annually if Supreme Court lowers AGR liability to self-assessed levels
Manu Kaushik | January 13, 2021 | Updated 22:31 IST
Some reports suggest that Bharti Airtel and Vodafone Idea have filed fresh petitions in the Supreme Court on the Adjusted Gross Revenues (AGR) matter. Under their petitions, the telcos have reportedly asked the apex court to modify its previous order on the AGR dues. The telcos have argued that the actual AGR amount they have to pay is significantly lower than the amount demanded by the Department of Telecommunications (DoT), on account of arithmetical errors in DoT s assessment.