Vodafone Idea’s AGR dues frozen at Rs 87,695 crore; telco to pay Rs 124 crore annually till 2031
In an exchange filing, the company said it will begin paying a maximum of Rs 124 crore annually over the next six years, from March 2026 to March 2031.
In an exchange filing, the company said it will begin paying a maximum of Rs 124 crore annually over the next six years, from March 2026 to March 2031.
Vodafone Idea's AGR dues amounting to Rs 87,695 crore have been frozen as of December 31, according to reports.
Vodafone Idea has sought quashing of the additional AGR demand, contending that the claims pertain to the pre-2016–17 period that had already been settled in accordance with the Supreme Court’s 2019 judgment on AGR dues.
It also said that deduction has not been given for PSTN related call charges and for roaming charges actually paid to other operators.
However, as per telco’s self-assessment, its total dues to the government stand at Rs 13,004 crore. The telco has already paid Rs 18,004 crore.
On the other hand, ONGC, Axis Bank, Tech Mahindra, Infosys and ICICI Bank were among the laggards.
The court also said that the National Company Law Tribunal (NCLT) should decide whether or not spectrum can be sold under the Insolvency and Bankruptcy Code.
The telco reportedly gave assurance to its lenders saying that it will not seek loan restructuring or easing of terms of repayment.
The NCLT earlier this week had directed the DoT to file their submission of objection by Friday.
The shared spectrum was limited to the 800 MHz band and was strictly in accordance with the Department of Telecom's (DoT) spectrum sharing guidelines.
