DoT to SC: AGR paid by telcos so far not final; full calculations only after court order The DoT further said that adjusted gross revenue (AGR) is based on entire revenue generated by a telco and is not dependent only on revenue from spectrum. The government's latest affidavit will not bode well for Reliance Jio and Bharti Airtel who have insisted that they can not be forced to take on the AGR liabilities of bankrupt telcos they had shared and/or traded spectrum with. Airtel doles out bonus but defers hikes as it awaits AGR verdict Competitor Vodafone Idea is also unlikely to roll out hikes or bonus this year, having highlighted its financial stress in the Supreme Court recently, said another person. Reliance Jio is expected to give bonus in August, and may give increment to top performers later in the year. AGR order not meant to demand Rs 4 lakh crore from PSUs: Supreme Court Top court asks govt to reconsider claims and tells telcos to submit guarantees against dues worth around Rs 1.7 lakh crore as per the October 2019 order before June 18. According to the proposal, recovery of AGR-related dues will be staggered over a maximum 20 years from the private phone companies. DoT focuses on Covid, AGR on backburner for now “There have been no notices sent to telcos on their AGR payments or any discussions on it. Now, the focus of the Department of Telecommunications is on how to ensure smooth running of operations during the coronavirus pandemic,” said a government official who did not want to be identified. Pay up, or else: How SC snuffed out telcos' last AGR hope "Exercise of self-assessment of AGR dues by telecom companies cannot be permitted even in wildest dreams," the court said in its observations during the hearing. "Our judgement on AGR dues is full and final, it should be followed in letter and spirit," the bench said. Voda Idea pays Rs 3,354 crore more in AGR dues With Monday's payments, total amount paid by Vodafone Idea to the Department of Telecommunications (DoT) will be about Rs 6800 crore, which will cover for its self assessed priciple portion of its dues. Vodafone Idea pegs dues payable to govt at Rs 21,533 cr, less than half of DoT estimate On Friday, Vodafone Idea, in a statement said it has "filed its self-assessment of the AGR liabilities with the Department of Telecommunications. The self-assessment discloses the company's AGR liabilities to aggregate Rs 21,533 crores including a principal amount of Rs 6,854 crores for the period from FY 2006-07 to FY 2018-19 and interest up to February 2020." AGR-hit Vodafone Idea wants 7-8 times hike in mobile data tariffs Vodafone Idea has demanded fixing minimum tariffs for mobile data at Rs 35 per GB, around 7-8 times of current prices, and for calls at 6 paise per minute along with monthly charges from April 1 to enable it pay statutory dues and make its business sustainable. Bharti Infratel awaits SC verdict on AGR for merger with Indus Towers Majority owned by Bharti Airtel, Infratel is awaiting the outcome of the next hearing in the Supreme Court on the AGR issue on March 17, that will take stock of payments by telecom operators including Vodafone Idea. The latter is pressing for the deal to be implemented at the earliest, so that it can monetise its 7 per cent in the merged entity for Rs 4,500 crore. Voda Idea likely to pay Rs 1,000 cr in AGR dues today: Source So far, DoT estimates show Vodafone Idea has to pay Rs 56,709.49 crore to the government, of which it paid Rs 2500 crore on Monday with assurance that it will pay another Rs 1,000 crore by this Friday. Vodafone Idea though estimates its AGR dues to be around Rs 23,000 crore, of which Rs 7,000 crore is the principle amount, and the rest interest and penalties. Telecom biz broken, Voda Idea on brink: Former finance secretary Subhash Chandra Garg On AGR, the former secy has advised the govt to offer telcos a one-time settlement scheme to pay the principal due amount as per the AGR definition. "Alternatively, appoint a Board for Vodafone-Idea by ousting current Board on the lines of action taken in case of ILFS and DHFL and secure a moratorium of some time on servicing of loans and government dues." Voda Idea tells SC it can pay Rs 2,500 cr now, SC grants no relief The apex court did not grant Vodafone Idea any relief, dealing a big blow to the telco which has to pay Rs 53,000 crore to the government as part of its AGR dues and informed on Saturday that it is assessing how much of AGR dues it "can" pay the government and plans to pay it in the next few days.