“Airtel paid Rs 9,500 crores on behalf of Bharti Airtel and Telenor and Rs 500 crores for Bharti Hexacom, which is its subsidiary”
Airtel has paid Rs 10,000 crores AGR due payments to the Department of Telecom (DoT), complying with Supreme Court orders. The telecom network paid Rs 9,500 crores on behalf of Bharti Airtel and Telenor and Rs 500 crores for Bharti Hexacom, which is its subsidiary. Airtel said that it would duly make the balance Rs 25,500 crores payments before March 17th, the next hearing date. “The total amount of Rs. 10,000 crores have been paid on behalf of Bharti Airtel, Bharti Hexacom, and Telenor. We are in the process of completing the self-assessment exercise expeditiously and will duly make the balance paid upon completion of the same, before the next date of hearing in the SC,” Airtel said, as per a report by Gadgets 360.
Furthermore, Airtel said that it would submit a report with details at the time of making the balance payment. Department of Telecom issued orders to Bharti Airtel and Vodafone Idea to clear dues immediately on February 14th. This includes licence fee and spectrum usage charges to the government. While Airtel has already started clearing out dues, Vodafone Idea said it is assessing the AGR dues and would pay the same in the next few days.
Separately, Airtel recently confirmed that it will not participate in the 5G spectrum sale as it feels the TRAI recommended prices are exorbitant and it can’t afford. The spectrum has been priced at Rs 492 crore per megahertz and TRAI mentioned that it won’t reduce the price and that operators should purchase them only at the recommended prices. Apart from Airtel, Vodafone also said the prices are on the higher side.