Supreme Court directed telecom operators to make a 10% upfront payment of their AGR dues, and the timeline for staggered payments will start on 1 April 2021. Further, telecom companies (Telco’s) should pay 10 percent of the AGR-related dues by March 31, 2021.
Highlights of AGR Verdict:
Telecom companies that have now gone bankrupt had dues of about Rs 40,000 crore. As per the assessment, Aircel dues stand at Rs 12,289 crore, Videocon at Rs 1,376, and Reliance Communications at Rs 25,199 crore. In order to deal with this AGR dues, the telecom companies may hike the tariff rates and also there are chances that telcos may raise funds.