New Delhi: Bharti Airtel has made the payment of Rs 1,950 crore to the telecom department towards its deferred spectrum dues, while Reliance Jio paid Rs 1,053 crore, sources said Tuesday. Meanwhile, Vodafone Idea too paid about Rs 3,043 crore towards deferred spectrum dues while Tatas have paid additional Rs 2,000 crore to government towards AGR dues.
Deferred spectrum dues are essentially instalment payments that are made by telcos for airwaves bought in past auctions and are separate from their AGR liabilities.
The sources said that while Bharti Airtel has made payment of Rs 1,950 crore to the Department of Telecommunications towards deferred spectrum dues, Reliance Jio has paid Rs 1,053 crore.
Vodafone Idea too paid about Rs 3,043 crore towards deferred spectrum dues, as per the sources. VIL’s payment, in particular, assumes significance as the company has been under tremendous financial pressure and is confronted with AGR (Adjusted Gross Revenue) liabilities of over Rs 53,000 crore.
This is the last lot of payments that telcos will make towards deferred spectrum liabilities to the DoT, as the Union Cabinet had late last year approved a two year’s moratorium on such spectrum dues.
Troubled Vodafone Idea on Tuesday paid about Rs 3,043 crore to the telecom department towards deferred spectrum dues, sources said.
Deferred spectrum dues are essentially instalment payments that are made by telcos for airwaves bought in past auctions.
The move assumes significance as VIL has been under financial pressure and is confronted with AGR (Adjusted Gross Revenue) liabilities of over Rs 53,000 crore.
VIL has so far paid Rs 3,500 crore in two tranches towards its AGR liabilities.
The sources in Department of Telecommunications confirmed that the company has made the payment of around Rs 3,043 crore towards deferred spectrum liability.
This is the last lot of payments that telcos will make towards deferred spectrum liabilities, as the Union Cabinet had late last year approved a two year’s moratorium on such spectrum payment dues.
Tatas have made an additional payment of about Rs 2,000 crore to the telecom department on ad hoc basis towards their AGR liabilities, a source said.
The additional payment of over and above Rs 2,197 crore it has already submitted to the government, is aimed at covering any reconciliation differences, the source added.
The government estimated Tata’s dues at about Rs 14,000 crore.