The second-largest telecom service provider in India by subscriber base, Vodafone Idea, has paid the remaining balance of the principal amount of Rs. 3,354 crore towards the adjusted gross revenue (AGR) dues to the Department of Telecommunications (DoT).
On March 06, 2020, Vodafone-Idea submitted a self-assessment of AGR dues with the Department of Telecommunications, that discloses the AGR liability to aggregate Rs. 21,533 crore. The aggregate AGR liability also included a principal amount of Rs. 6,854 crore for the period of FY 2006-07 to FY 2018-19 and interest up to February 2020.
Vodafone-Idea on February 17, 2020, paid a sum of Rs.2,500 crores, and on February 20, 2020, the telecom operator paid a further sum of Rs. 1,000 crore. Today, the company has paid the remaining principal amount of Rs. 3,354 crore.
Vodafone-Idea said in a BSE filing, “The Company has today paid a further amount of Rs. 3,354 crores to the DoT, being the balance part of the principal amount towards AGR liability. Thus the Company has paid the full principal amount of Rs. 6,854 crores towards the AGR dues.”
