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Saturday, March 7, 2020

AGR dues: Vodafone Idea likely to pay Rs 3,500 crore soon VIL submitted details of its self-assessment of AGR dues, which according the telco is Rs 21,533 cr, on Friday. By Anandita Singh Mankotia, ET Bureau|Last Updated: Mar 07, 2020, 08.31 AM IST

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New Delhi: Vodafone Idea is exploring options to try and pay another Rs 3,500 crore in the next few days toward adjusted gross revenue (AGR) dues. This comes as senior officials told Vodafone Group CEO Nick Read that the government was working on a relief package for the telecom sector, said people with knowledge of the matter.

“The company is exploring its options and is likely to make the payment sometime next week and it could be as early as Monday,” a person familiar with the company’s plans told ET.

The telecom company submitted details of its self-assessment of AGR dues, which according the telco amount to Rs 21,533 crore, on Friday. Out of this, the principal amount is pegged at Rs 6,854 crore. The company has paid Rs 3,500 crore already. The Department of Telecommunications (DoT) though has pegged Vodafone Idea’s dues at more than Rs 53,000 crore.




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