Airtel moves SC against DoT's AGR calculations, claims 'math error' | Editorji
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Airtel moves SC against DoT's AGR calculations, claims 'math error'

Jan 06, 2021 11:59 IST

Bharti Airtel has moved the Supreme Court over arithmetical errors in the telecom department's calculation of adjusted gross revenue (AGR)-related dues. Vodafone Idea may follow suit in the coming days, some reports said.

Airtel claims that total AGR dues payable on account of the license fee is limited to ₹21,000 crore, CNBC TV18 reported. However, the demand raised by DoT of ₹43,989 crore includes license fee dues and spectrum usage charges, of which the telco has paid ₹18,004 crore.

Vodafone Idea’s total dues are currently at ₹58,254 crore. If only licence fee will be considered, total dues will come down to ₹28,308 crore, as per CNBC TV18's estimates. Vodafone Idea has already paid ₹7,854 crore.

Following the development, the scrips of Bharti Airtel and Vodafone Idea surged as much as 2.5% on the NSE.

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