Airtel, Vodafone get temporary relief from DoT on AGR dues due to Covid-19 lockdown

Airtel, Vodafone get temporary relief from DoT on AGR dues due to Covid-19 lockdown

While the coronavirus has prompted several complications for Indians, it has introduced short-term relief to telecom firms that have been under tension to shell out substantial AGR responsibilities. Airtel and Vodafone who were being staggering under the desire for AGR rights now have temporary relief as the Department of Telecom (DoT) is addressing extra pressing considerations and is conveniently addressing this issue.

With a country of 1.3 billion people incarcerated and hundreds of thousands and thousands of folks going as a result of everyday living, including get the job done, while confined to their residences, the federal government has come to be a priority to keep telecom expert services working. Therefore, DoT has reportedly made the decision to set apart AGR rights scenarios quickly and target on the telecom infrastructure.

“No communications have been despatched to telcos about their AGR payments or any discussion of them. At the minute, the Ministry of Telecommunications (DoT) is fully centered on making sure sleek functions for the duration of Corona pandemic, “explained one federal government. formal told ET Telecom.

This usually means that Airtel and Vodafone can breathe a sigh of aid. At minimum for now.

PM Modi announced a two-7 days nationwide shutdown commencing March 24. Lots of industries, including the telecom sector, are now facing hard occasions. Individuals have skilled a spike in their telecom, internet wants while functioning from household.

On March 17, the Supreme Courtroom struck DoT on the assert that self-evaluation of AGR legal rights despised the courtroom. Nonetheless, it authorized the authorities to continue with a deferred payment system. The SC would hear the make any difference in just two months. Following the blockage, on the other hand, it is unclear when the Supreme Court will move forward to the subsequent listening to.

The Cellular Operators Association of India, which signifies Airtel, Vodafone and Reliance JIO, has said that in difficult moments like these, the state demands a few telcos or possibly much more. The telcos mentioned that a situation of duopoly and monopoly will disrupt the total telecom market. When companies are questioned to shell out the membership charge in entire, Vodafone finds alone in a significantly complicated placement.

The DoT estimates that the telcos will have to spend a cumulative sum of Rs 1.47 lakh crore for AGR dues.
Before this week, Vodafone Plan, which was hit specifically tricky, paid out a self-managed principal of Rs 6,854 crore. It must fork out a overall of Rs 58,254 crore for AGR contribution. Airtel, himself paid an quantity of Rs 18,004 crore and has to pay back a total of Rs 43,980 crore. Tata teleservices compensated Rs 4,197 crore and has to pay a overall of 16,798 crore.

Obtain true-time alerts and all the news on your mobile phone with the all-new application. Down load from

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Asian stocks are split as investors focus on US interest rates and prices
Asian stocks are split as investors focus on US interest rates and prices
In other regional trading, Australia’s S&P/ASX 200 edged up 0.2% to 7,092.30. South Korea’s Kospi fell 0.1% to 2,601.41. Hong Kong’s Hang Seng lost 0.2% ...
Remove these Android apps before they take your Facebook password and cryptocurrency
Remove these Android apps before they take your Facebook password and cryptocurrency
On top of that, the same cyber security software company caught “more than 40 fake cryptocurrency miner apps” red-handed as they tried (pretty transparently) ...
The mobile release of GTA Trilogy Definitive Edition appears to have been delayed
The mobile release of GTA Trilogy Definitive Edition appears to have been delayed
It said the game is now scheduled for release during the company’s current fiscal year ending on March 31, 2023. Unless the game releases next month, this ...
After committing $955 million in purchases, Tech Mahindra will focus on integration
After committing $955 million in purchases, Tech Mahindra will focus on integration
The focus will be on putting in place the systems to capitalise on the synergies and look at how the acquired company can help create a larger portfolio, he ...
Ohio House is working on legislation to combat and particularly penalize AirTag stalking
Ohio House is working on legislation to combat and particularly penalize AirTag stalking
A bill that aims to criminalize using electronic tags for tracking people without permission has been now submitted to the Ohio House. Yes, this bill is the ...
With Samsung and Polytron Technologies, the global market for next-generation transparent cell phones is booming
With Samsung and Polytron Technologies, the global market for next-generation transparent cell phones is booming
This analysis looks at Next Gen Transparent Mobile Phone in the global market, focusing on North America, Europe, Southeast Asia, Japan, China, and India. It ...
iOS 16 may change the way you interact with your iPhone
iOS 16 may change the way you interact with your iPhone
In Gurman’s Power On newsletter (via MacRumors), he also claims there will be “new ways of interacting and some fresh Apple apps.” While specifics aren’t ...
The LG Wing has received an update that allows it to use Verizon's fast Ultra Wideband 5G service
The LG Wing has received an update that allows it to use Verizon’s fast Ultra Wideband 5G service
But even more exciting, Verizon announced on Monday that it has started rolling out an update for the LG Wing that gives the phone access to the wireless ...
Eurozone rates are rising after ECB Governor Knot suggested a 50 basis point hike
Eurozone rates are rising after ECB Governor Knot suggested a 50 basis point hike
German 2-year bond yield rose 12 bps to 0.25%. The ECB should raise its key interest rate by 25 basis points in July but should not yet rule out a bigger ...
The Samsung Galaxy Book 2 360 is currently available at the lowest price ever – $749
The Samsung Galaxy Book 2 360 is currently available at the lowest price ever – $749
Samsung Galaxy Book 2 360 2-in-1 Laptop: was $899 now $749 @ Samsung. The Samsung Galaxy Book 2 series is now $150 off. This 2-in-1 laptop features a 360 ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo