The country’s telecom company Airtel has paid another installment of the government’s Adjusted Gross Revenue (AGR) dues. 8004 crore rupees have been given to the government this time by Airtel.
Earlier, Airtel had paid 10 thousand crore rupees. In this way, Airtel has given 18,003 crore rupees out of the total arrears of about 36 thousand crores.
Here, let us tell you that recently Moody’s Investor Service had expressed confidence in Bharti Airtel that the company has the financial ability to repay the dues of $ 5 billion. According to Moody’s, the cash payment will not have a significant impact on Bharti Airtel’s debt quality.
What is the Whole Matter with Bharti Airtel’s
In fact, all telecom companies of the country including Airtel had an outstanding AGR of about Rs 1.47 lakh crore. Of this, 53,000 crores are owed to Vodafone-Idea, Rs 13,800 crore to Tata Teleservices and Rs 4,989 crore to BSNL, besides MTNL owes Rs 3,122 crore. In this dues, Vodafone-Idea has paid Rs 3500 crore. Explain that the services and licensing fees charged by the telecom companies by the Department of Telecommunications (DoT) of the Ministry of Communications are called AGR.
Airtel Still Not Get Relief From DDC
Meanwhile, the telecom companies have not received any relief from the Digital Communications Commission (DCC). Actually, it was speculated that in the important meeting of DCC on Friday, a decision can be taken to give relief to the telecom companies going through the crisis.
According to news agency PTI, the agenda of the telecom companies is also not included in the next meeting. According to agency sources, AGR is not the subject of discussion in the Commission meeting, but this meeting is about the implementation of the public-private partnership model in the Bharat Net project.