Categories: Business

Vodafone idea pays additional Rs 1000 crore towards AGR dues

Photo: PTI

Vodafone idea pays additional Rs 1000 crore towards AGR dues

new Delhi. Vodafone Idea said on Saturday that it has paid an additional Rs 1,000 crore to the Department of Telecommunications (DoT) in AGR dues. In the regulatory filing, the company said that under the latest payment, we have repaid a total of Rs 7,854 crore under the AGR payment.

The company said in its statement, "The company paid an additional Rs 1,000 crore to DOT in AGR dues yesterday (July 17). Earlier, the company had paid Rs 6,854 crore in three installments. The company also paid AGR dues 7,854 crore has been paid. "

In the final hearing in the AGR case, the Supreme Court had asked telecom operators to furnish details of the balance seat, income tax return and IGR payment for the last 10 years, including March 2020. The court also asked telecom companies to pay a reasonable amount of money before July 20, the next date of hearing. Vodafone Idea owes Rs 58,254 crore as per order dated 24 October 2019 on AGR of Supreme Court.

On Friday, Vodafone got relief from Telecom Disputes Settlement and Appellate Tribunal. TDSAT stayed TRAI's interim directive of Vodafone Idea not implementing its priority plan. In this scheme, it was said to provide 4G network facilities to certain categories of customers on priority basis. This decision of the tribunal has given temporary relief to Vodafone Idea Ltd. (VIL).

Earlier this week, VIL had approached the tribunal challenging the Telecom Regulatory and Development Authority (TRAI) directive to defer the plan till the matter was reviewed. The tribunal in its order on Friday said that TRAI should investigate the matter and after ensuring the need for natural justice, give the final order as per law as soon as possible. In the case, VIL should be given a chance to explain its position. The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) said that that is why the interim instructions given in the second paragraph of the letter issued by TRAI on July 11 are stayed until further orders. In the letter, TRAI had asked VIL to put a stop to the scheme.

This post was published on July 19, 2020 2:25 pm

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