Telecom-Box collection: fresh Rs 6,095 cr for spectrum dues, 2,000 cr for AGR received

Source : Sify
Author : Finance Desk
Last Updated: Tue, Mar 3rd, 2020, 19:33:41hrs
Telecom-Box collection: fresh Rs 6,095 cr for spectrum dues, 2,000 cr for AGR received

New Delhi: Telecom players on Tuesday are reported as having made fresh pay-outs in two seperate instances to the telecom department - Adjusted Gross Revenue (AGR) and spectrum dues.  

Three major telecom players paid spectrum dues of Rs 6,095 crores on Tuesday, the deadline for paying spectrum dues. Any default in payment would have entitled the Department of Telecommunications (DoT) to encash bank guarantees.

News agency IANS reported Vodafone Idea Limited as having paid Rs 3,042 crores. PTI citing anonymous officials quoted Vodafone-Idea's pay-outs at Rs 3,043 crores.  

Who paid what:

Reliance Jio: Rs 1,053 crores

Vodafone Idea Limited: Rs 3,042 crores

Bharti Airtel Limited: Rs 2,000 crores (Rs 1,950 crores according to PTI)

Total: Rs 6,095 crores

According to DoT estimates, Telecom dues of 15 entities are together reported at Rs 1.47 lakh crores. This amount includes Rs 92,642 crore in unpaid licence fee and Rs 55,054 crore in outstanding spectrum usage charges.

In February, the Department of telecom (DoT) amended a license to defer payments of the spectrum auction instalments due for 2020-21 and 2021-22, operationalising a CoS (Committee of Secretaries)' decision to allow a moratorium, decided by CoS headed by Cabinet Secretary Rajeev Gauba. A Union Cabinet headed by Prime Minister Narendra Modi cleared the proposal to mitigate financial stress in telecom sector - deferring of spetrcum auction instalments for two years.  

On Tuesday, the government also received Rs 2,000 crores from Tata TeleServices (TTSL) as part of AGR dues. With this, TTSL's total AGR pay-outs stand at Rs 4,197 crores (it paid Rs 2,197 crores previously), even as a previous DoT estimate may show dues of Rs 12,819.03 crores as pending.  

Telecom players & AGR pay-outs:

Airtel: Rs 18,004 crores

Vodafone Idea: Rs 3,500 crores

Reliance Jio: 195 crores

Tata-Tele: 4,197 crores

Total: 25,896 crores

Bharti Airtel in a filing report last Saturday, said, "We have also deposited an additional amount of Rs 5,000 crore, as an ad-hoc payment (subject to the subsequent refund/adjustment to cover differences, if any arising from the reconciliation exercise with the DoT," Airtel said.

Meanwhile, the top court has directed telecom players on February 14 to clear their AGR dues by next hearing day of March 17.

Disclaimer: With agency inputs; Data until time of publishing.

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