Airtel tops-up AGR payment to a INR180bn ‘full and final’ total

2 Mar 2020

Bharti Airtel has submitted a further payment of INR80 billion (USD1.1 billion) to the government in Adjusted Gross Revenue (AGR)-related dues, the Economic Times writes. The payment includes INR30 billion which, combined with its previous deposit of INR100 billion represents the ‘full and final amounts due’ based on its self assessment of dues. In addition, the group provided a further INR50 billion payment which it said were subject to subsequent refund and would cover ‘differences, if any, arising from the reconciliation exercise with the Department of Telecommunications (DoT)’ – the DoT is currently carrying out its own assessments of AGR-related dues. Airtel’s announcement brings its total AGR payments to INR180 billion, although previous estimates have suggested the company’s AGR bill is closer to around INR356 billion. As previously reported by TeleGeography’s CommsUpdate, Airtel submitted INR100 billion in mid-February after the Supreme Court refused to allow providers additional time to pay the dues, with the demand – estimated to total INR1.47 trillion across the nation’s telcos – initially expected to be paid by 23 January 2020.

India, Bharti Airtel, Department of Telecommunications (DoT)