August 08, 2022 03:16 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India records 18,738 new Covid-19 cases in last 24 hours | Mobile internet services suspended in Manipur after protest over contentious bill | Technical hitch develops in maiden launch of new ISRO rocket | Jagdeep Dhankar is India's 14th Vice President | India sees hat-trick of gold medals in wrestling as Bajrang Puniya, Sakshi Malik, Deepak Puniya triumph at CWG
Vodafone Idea opts for 4 yr moratorium to clear AGR dues Vodafone Idea | AGR Dues

Vodafone Idea opts for 4 yr moratorium to clear AGR dues

India Blooms News Service | @indiablooms | 20 Oct 2021, 08:03 pm

Mumbai/IBNS: Vodafone Idea on October 20 announced that its board has opted for the four-year moratorium to clear Adjusted Gross Revenue (AGR) dues, according to media reports.

Starting October 2021, Vodafone Idea will clear the dues, spectrum payment, and finish by September 2025.

The debt-laden telecom company said in a stock exchange filing: “We wish to inform you that the Board of Directors of the Company has approved the exercise of the option of deferment of the Company’s spectrum auction installments for a period of 4 years (October 2021 to September 2025).”

With this, Vodafone Idea became the first telco to accept the Department of Telecommunications (DoT)’s four-year moratorium on AGR dues which is part of the telecom relief package announced on the Centre approved on September 15.

The telecom companies have been asked to decide and opt for the four-year moratorium for payment of dues by October 25. However, the companies have to pay interest on the dues during the moratorium period.

In addition, the government has also scrapped Spectrum Usage Charge (SUC) for airwaves acquired in future spectrum auctions.

Related Images
FOHMA addresses press conference 01 Jan 1970, 05:30 am
Related Videos
PM Modi on Union Budget 2022-2023 01 Feb 2022, 06:28 pm
IBNS Live Business Chat 30 Dec 2021, 05:53 pm