Hot Deal Vodafone-Idea in danger of becoming a 'zombie' telco; may just about survive

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Vodafone-Idea in danger of becoming a ‘zombie’ telco; may just about survive:

The initial impression is that Vodafone Idea will struggle to manage this level of staggered payments, given that it owes over Rs 58,000 crore

The Supreme Court order brings some clarity to the telecom sector. The telcos will have to pay their AGR dues over a period of 10 years with the payment being made every February. The stock market reaction so far has been positive in terms of the Bharti Airtel stock rising, and negative for the Vodafone Idea stock, which has fallen sharply.

What does this do to the telecom sector? Reliance Jio (RJio) is fine and would have been fine anyway, regardless of the verdict. Analysts will need to examine the balance-sheets of Vodafone Idea and Bharti Airtel to see if they can handle the cash outflows.

The telcos were asking for a 15-year period; so this verdict will be somewhat disappointing but it could have been worse. The initial impression is that Vodafone Idea will struggle to manage this level of staggered payments, given that it owes over Rs 58,000 crore. Some analysts say that Voda-idea could need to double Average Revenue per User (ARPU) to meet the payments out of cash-flows. That is utterly unrealistic. Bharti Airtel, on the other hand, will be able to pay up without being pushed too hard. However, even Bharti Airtel will find it difficult to make other capex allocations while this commitment is hanging over its head. Hence, it may not be able to bid for 5G spectrum and build out 5G networks at the ideal pace.

Spectrum auctions for 5G may need to be postponed anyhow due to the pandemic disruption. But as of now, only Reliance Jio would be comfortable with bidding for 5G spectrum and it claims to have a home-grown 5G network solution, which will allow it to build out network quickly. All said, Reliance Jio is a clear gainer in the sector. Bharti Airtel should be able to cope and may also gain as subscribers migrate out of the Vodafone Idea’s network. On its part, Vodafone Idea is in danger of becoming a “zombie” telecom service, but it may just about survive. It’s unknown what the parents of Vodafone Idea will do because it would need large capital infusions to thrive under the current circumstances. The banks may be cautious about taking further exposures to the telecom sector, so raising debt from the market to settle the AGR may not be easy.

Post-verdict, the sector will therefore, continue to have three private players. But one of them will be at a major disadvantage compared to the other two. Of the other two, Reliance Jio will clearly be able to enhance its leadership position. Bharti Airtel may eventually gain as it eats into the market-share of Vodafone Idea and it can also hope to capture some migration out of the state-owned BSNL.

Deal Wiki

Supreme Court exempts Bharti Airtel, Reliance Jio from paying Rs 40,000 crore AGR dues to Centre

Airtel and Jio have been using the spectrum of defunct telecom companies Reliance Communications, Videocon and Aircel.

“Shared operator telecom companies cannot be saddled with liability of past AGR dues,” the court said while passing a verdict on the payment of revenue by telecom firms to the government.

In its judgement, the top court gave Indian telecom firms 10 years to pay AGR dues to the government. However, 10% of the dues have to be paid by March 31, 2021, the court said.

Justice Arun Mishra said that the telecom firms must pay the dues in annual installments commencing from April 1, 2021, till March 31, 2031. The firms must also keep alive the adjusting bank guarantees until the payments are made.

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Majestic wrote:

2 companies are also not good
Even if spectrum is limited, there are many things in picture, such as spectrum sharing, network slicing, etc. to handle these things

India me already duopoly ha.

same plans for Airtel & Voda-Idea

so, already Airtel/Voda-Idea vs Jio.

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deal_heist wrote:

idea user since more dan a decade now….feeling bad for it….once upon a time it was d best network

+1 number 1 network of Maharashtra & Goa

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abhishek012 wrote:

tab bhi tha govt schemes, but jada govt schemes nhi the jitne BJP ne schemes nikale ha.

uppar se mahengayi bhi badte raheta ha toh kharche bhi badhte ha.

ab mahengayi kyun badh raha ha iske uppar discussion maat start karo.

phir kisi din ispar baat karenge.

aur ispar maine galat kya bola, jo funny logic laga -

“Congress ke time gadi Kam thi isliye subsidy di gayee Aur BJP mein gadiya aasman se tapak padi is liye petrol par 110% tax lagana pada”

tum Paris Climate Change Agreement ko again bhul gaye.

maine 2017-2018 k bich ka kahi news padha tha, ki humare desh me 2018 me itne gaadiya badh gaye ki, 2017 me jitna petrol/diesel bika usse approx double bika 2018 me.

bohot se reason tum seriously nhi lete ho

1) Paris Climate Change Agreement (International pressure raheta ha India ko carbon dioxide emissions kam krne ka)

2) petrol/diesel India me nhi milta ha jo water k dam me milega and dnt compare with any other country, India ki population dekho phir bolna.

3) tax ka govt schemes me use hona

4) renewable energy ka use krna, bohot se India k place me diesel se electricity banaya jata ha, govt chahta ha renewable energy ka cost petrol/diesel se kam ho taki log renewable energy ki aur bade

5) Electric cars/bikes ki entry. humae pata ha 2030 me ja kar India me actually electric cars/bikes har kisi k pas dekhne mil sakta ha, uske liye petrol/diesel k price abhi se slowly slowly hike krna hoga. Suddenly 2030 me ja kar petrol/diesel k price hike nhi kar sakte ha. logo ko actually feel karwana ha ki petrol/diesel car/bike lena mahenga parega long term me electric cars/bikes k compare me. taki yeh changes slowly slowly ho.

last me yehi bolunga ek single reason nhi ha petrol/diesel k price hike ka, multiple reason ha, tum ek single reason ko le kar compare nhi kar sakte ho

https://mobile.twitter.com/narendramodi/status/...
https://cdn0.desidime.com/attachments/photos/634814/medium/69016831599103944_1.jpeg?1599103947

https://cdn0.desidime.com/attachments/photos/634810/medium/6901683ENLurO1VUAA_SWj.jpg https://cdn0.desidime.com/attachments/photos/634813/medium/6901683Big-B-and-Akki-once-tweeted-on-fuel-price-rise-but-are-mute-now_base.jpg?1599103815 https://cdn0.desidime.com/attachments/photos/634817/medium/6901683collage-bollywood-petrol1.jpg?1599104417
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drupal wrote:

https://mobile.twitter.com/narendramodi/status/...
https://cdn0.desidime.com/attachments/photos/634814/medium/69016831599103944_1.jpeg?1599103947

https://cdn0.desidime.com/attachments/photos/634810/medium/6901683ENLurO1VUAA_SWj.jpg https://cdn0.desidime.com/attachments/photos/634813/medium/6901683Big-B-and-Akki-once-tweeted-on-fuel-price-rise-but-are-mute-now_base.jpg?1599103815 https://cdn0.desidime.com/attachments/photos/634817/medium/6901683collage-bollywood-petrol1.jpg?1599104417

Bhai andhbhakto ko ye sab dikha ke bhi kuch nahi hoga..

They will justify this because unko apne baap(Modi) ko neecha nahi dikhana hai.

These people will only understand when their own legitimate concerns will be ignored by the govt and that will happen soon.

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abhishek012 wrote:

India me already duopoly ha.

same plans for Airtel & Voda-Idea

so, already Airtel/Voda-Idea vs Jio.

Do you even know the meaning of duopoly?

Ohh, i forgot, Nimmonomics is what you adhere to.

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mahi250001 wrote:

Bhai andhbhakto ko ye sab dikha ke bhi kuch nahi hoga..

They will justify this because unko apne baap(Modi) ko neecha nahi dikhana hai.

These people will only understand when their own legitimate concerns will be ignored by the govt and that will happen soon.

mai ish baat se denied nhi kiya ki petrol price hike nhi hue ha.

mai yeh example diya ki petrol price hike se carbon dioxide emissions thore kam honge.

log slowly slowly electric cars/bikes lene ki aur badega.

aur sath me yeh kaha ki yeh Tax ka use govt schemes me use hote ha.

tumne bhale environment ki tension na ho, aage aane wale generation ki fikr na ho, par kabhi free time me soch k dekhna, tum married ho ki nhi ho i dnt knw, par aaj nhi toh kal shaadi toh karoge. apne future daughter/son k bare me sochna aur grand child k bare me, hum sab unhe kya de kar ja rahe ha ?

agar tum 90s born ho, toh yaad karna humare mom-dad hume clear environment diye the aur future me hum apne bacho ko or unke bacho ko kaisa environment de kar jayenge.

“These people will only understand when their own legitimate concerns will be ignored by the govt” seriously ?

mera last comment padh lena, jisme maine kaha tha “middle class ho toh ish baat ko accept karo, hum sab middle class family se ho kar khud ko rich dekhane ki try karte ha, isilye mahengayi dekhta ha har jagha.”

jaise ki car/bike le lete ha show off k liye ki hum rich ha, par petrol bharane me jab watt lagti ha toh apni kamiya kaise chupaye, toh uske liye govt ko accuse karte ha.

baki aam logo ki tarah public transport ka use karo, big cities me metro ka use karo, local trains ka use karo (covid-19 k baad).

hum andhbhakt nhi ha.

govt ko accuse karna ha toh genuine chizo me karo,

jaise ki khane k chizo k daam barte ha toh uspar karo, jobs k liye karo aur bhi bohot se chize ha yaar jo aam jindegi me har roz jarurt parte ha.

but ha koi valid reason hona chahiye aur congress se bjp better ha ki nhi yeh bhi important ha, kahi aisa na ho bjp ko accuse karne k chakkar me log gusse me congress ko next time jeeta de aur congress humare desh ka phir se, bjp se bhi jada watt laga de.

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op shld change d topix header flushed flushed stuck_out_tongue_closed_eyes stuck_out_tongue_closed_eyes

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drupal wrote:

https://mobile.twitter.com/narendramodi/status/...
https://cdn0.desidime.com/attachments/photos/634814/medium/69016831599103944_1.jpeg?1599103947

https://cdn0.desidime.com/attachments/photos/634810/medium/6901683ENLurO1VUAA_SWj.jpg https://cdn0.desidime.com/attachments/photos/634813/medium/6901683Big-B-and-Akki-once-tweeted-on-fuel-price-rise-but-are-mute-now_base.jpg?1599103815 https://cdn0.desidime.com/attachments/photos/634817/medium/6901683collage-bollywood-petrol1.jpg?1599104417

A classic example of why India will never become an economic superpower because this is the only nation in the world where rational economic decisions are opposed by all parties when sitting in opposition so petrol hike is opposed by bjp when it was in opposition & gst was opposed by congress when it came in opposition. It is ironic that middle class cry when govt give huge loan waiver to farmers increasing banks npa & free water/electricity/fertiliser subsidy etc to farmers & then expect subsidies for petrol/diesel/gas/electricity too. India is not some rich small size Scandinavian country which can afford to give most good things free of cost to its people. If everybody demands subsidy then that money indirectly comes from peoples’ pockets in the form of overburdened judiciary which takes years to deliver final verdicts, poor police force that only knows how to wield lathis(aka sticks) & municipal corporations that can only manage cities which drown in monsoon rains.

I disliked congress for starting the economic mess during UPA-II by completely putting a brake on economic reforms & I dislike bjp for not taking the advantage of its majority to restart those stalled economic reforms.

@mahi250001 @abhishek012

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guest_999 wrote:

A classic example of why India will never become an economic superpower because this is the only nation in the world where rational economic decisions are opposed by all parties when sitting in opposition so petrol hike is opposed by bjp when it was in opposition & gst was opposed by congress when it came in opposition. It is ironic that middle class cry when govt give huge loan waiver to farmers increasing banks npa & free water/electricity/fertiliser subsidy etc to farmers & then expect subsidies for petrol/diesel/gas/electricity too. India is not some rich small size Scandinavian country which can afford to give most good things free of cost to its people. If everybody demands subsidy then that money indirectly comes from peoples’ pockets in the form of overburdened judiciary which takes years to deliver final verdicts, poor police force that only knows how to wield lathis(aka sticks) & municipal corporations that can only manage cities which drown in monsoon rains.

I disliked congress for starting the economic mess during UPA-II by completely putting a brake on economic reforms & I dislike bjp for not taking the advantage of its majority to restart those stalled economic reforms.

@mahi250001 @abhishek012

Even i dislike the current congress…..

Rahul gandhi is not the right choice.
And jab tak wo hai tab tak beda gark hoye rahega.

We don’t want congress either.
Actually, we indian don’t understand what a democracy is. We only think in terms of party and electoral politics.
We never think of organised pressure and persuading the govt through stromg institutions like Media..

The best scenario for this country would be NDA in power, with BJP winning less than 272 seats..

Congress is never a solution.

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mahi250001 wrote:

Even i dislike the current congress…..

Rahul gandhi is not the right choice.
And jab tak wo hai tab tak beda gark hoye rahega.

We don’t want congress either.
Actually, we indian don’t understand what a democracy is. We only think in terms of party and electoral politics.
We never think of organised pressure and persuading the govt through stromg institutions like Media..

The best scenario for this country would be NDA in power, with BJP winning less than 272 seats..

Congress is never a solution.

RG/G family is the standard of sycophancy in Indian politics. Btw I think you missed bjp there & repeated congress. smile

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abhishek012 wrote:

Pahele ja kar left-wing vs right-wing k Ideology padho aur samjho.

aur tum hamesa past me jeete ho,

Congress k time Gadiya (cars/trucks/buses) kam tha,

2016 me humne Paris Climate Change Agreement sign kiya ha.

https://en.wikipedia.org/wiki/Paris_Agr...nt

Govt sab ko directly yeh toh nhi bol sakta ha ki cars maat kharido, isilye petrol pe tax jada lete ha.

Public transport ka hamesa use karo.
Cab sharing ka use kiya karo (ha abhi covid-19 chal raha ha but hamesa toh nhi rahega).

Govt jo poor peoples or farmers k liye schemes late ha, uske paise aate kaha se ha ?
Modi govt khud he bola tha kahi par ki petrol pe tax itna jada jo lete ha uska use govt. schemes me karte ha.

humare desh ka bohot bada population middle class ha aur middle class log bhi ummeed karte ha ki hume bhi subsidy mile. koi mtlb nhi banta ha iska.

middle class ho toh ish baat ko accept karo, hum sab middle class family se ho kar khud ko rich dekhane ki try karte ha, isilye mahengayi dekhta ha har jagha.

mai yeh nhi bolta ki mahengayi nhi ha but middle class isko afford kar sakte ha but poor people nhi kar sakta ha. toh unke bare me soch k toh petrol pe 110% tax de do, nhi afford kar sakte ho toh Public transport ka use karo.

ab raha baat AGR ka toh, yaha pe har koi sahi ha. Congress bhi sahi tha, BJP bhi sahi ha, aaj k date me Telecom companies bhi sahi ha, Jio bhi sahi ha, Supreme court bhi sahi ha.

har koi apna place me sahi ha, toh galti kaha hua yeh janna ha toh telecom companies ko bas time se AGR pay karte rahena chahiye tha, jab paise the unke pas. Court me case chalte raheta but aaj aise problem toh nhi aate na.

Kyon bhai jab congress unki jeb me thi to wo time se to rehne do, Wo AGR hi kyu pay kare, AGR hota kya hai unke liye, Unko to bas customer se loot loot ke apni tijoriyaan jo bharni hai, aur rahi baat aise kuch AGRVGR ki to socha hoga ki SC me case dal kar stay le lenge par payment nahi karenge chahe kuch bhi ho jaye. Kyunki wo to hum(AVOID) Public ke samne loss ka rona ro ro kar customer se tariff hike ke naam pe bheekh maang maang ke bhar denge.

Par ye nahi socha tha ki koi Modi jaisa bhi aayega aur unke pairon ke neeche se jameen hila dega.

#Ye_Modi_hai_lene_ke_dene_pad_jayenge.

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abhishek012 wrote:

Pahele ja kar left-wing vs right-wing k Ideology padho aur samjho.

aur tum hamesa past me jeete ho,

Congress k time Gadiya (cars/trucks/buses) kam tha,

2016 me humne Paris Climate Change Agreement sign kiya ha.

https://en.wikipedia.org/wiki/Paris_Agr...nt

Govt sab ko directly yeh toh nhi bol sakta ha ki cars maat kharido, isilye petrol pe tax jada lete ha.

Public transport ka hamesa use karo.
Cab sharing ka use kiya karo (ha abhi covid-19 chal raha ha but hamesa toh nhi rahega).

Govt jo poor peoples or farmers k liye schemes late ha, uske paise aate kaha se ha ?
Modi govt khud he bola tha kahi par ki petrol pe tax itna jada jo lete ha uska use govt. schemes me karte ha.

humare desh ka bohot bada population middle class ha aur middle class log bhi ummeed karte ha ki hume bhi subsidy mile. koi mtlb nhi banta ha iska.

middle class ho toh ish baat ko accept karo, hum sab middle class family se ho kar khud ko rich dekhane ki try karte ha, isilye mahengayi dekhta ha har jagha.

mai yeh nhi bolta ki mahengayi nhi ha but middle class isko afford kar sakte ha but poor people nhi kar sakta ha. toh unke bare me soch k toh petrol pe 110% tax de do, nhi afford kar sakte ho toh Public transport ka use karo.

ab raha baat AGR ka toh, yaha pe har koi sahi ha. Congress bhi sahi tha, BJP bhi sahi ha, aaj k date me Telecom companies bhi sahi ha, Jio bhi sahi ha, Supreme court bhi sahi ha.

har koi apna place me sahi ha, toh galti kaha hua yeh janna ha toh telecom companies ko bas time se AGR pay karte rahena chahiye tha, jab paise the unke pas. Court me case chalte raheta but aaj aise problem toh nhi aate na.

.

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drupal wrote:

Ohh I see, Congrass ke kandhe pe rakh ab bandook chalegi ,
Congress ne kiye to ye Kam legit ho gaya
Congress to petrol par subsidy deti thi
Aur Feku ji 110% tax le rahe hai
Agar Congress ko hi follow karna hai to poori tarah Karo
Ye Kya bat Hui meetha meetha Mera and kadwa kadwa tera

What these Companies were doing for around last 15-20 years ??
Why they were not paying for these many years ??
SC does not belong to BJP or Congress.
I you remember, these companies were charging Rs.300 for 1 GB.
Where all profit gone ?

AGR is not surprise. All companies knew very well but not paid in past.
so SC had to take strict action.

and why you think that these companies should not pay AGR ??

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drupal wrote:

Ohh I see, Congrass ke kandhe pe rakh ab bandook chalegi ,
Congress ne kiye to ye Kam legit ho gaya
Congress to petrol par subsidy deti thi
Aur Feku ji 110% tax le rahe hai
Agar Congress ko hi follow karna hai to poori tarah Karo
Ye Kya bat Hui meetha meetha Mera and kadwa kadwa tera

“Congress to petrol par subsidy deti thi”
Ye tu naya laya… kon si brand ki lagake ye post kiya?

Till now which govt gave subsidy on petrol ? stuck_out_tongue

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mahi250001 wrote:

Bhai andhbhakto ko ye sab dikha ke bhi kuch nahi hoga..

They will justify this because unko apne baap(Modi) ko neecha nahi dikhana hai.

These people will only understand when their own legitimate concerns will be ignored by the govt and that will happen soon.

BJP or Cong are same. Opposition will always do these things.
No country can run without tax.

If you remember, when last Cong govt came in power in Karnataka they waived farmer loan and where these money came from ? They increased 3-4% tax on Petrol/Diesel.

So Cong dudh ki dhuli huie he aisa dikhane ka try mat karo..

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Aache khase topic ki vaat laga di grin unfollow kr mai to ab sweat_smile

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Par_ wrote:

“Congress to petrol par subsidy deti thi”
Ye tu naya laya… kon si brand ki lagake ye post kiya?

Till now which govt gave subsidy on petrol ? stuck_out_tongue

Anbakts can’t see reality, Google hi Kar lete🤭oh sorry Twitter aur WhatsApp University ki fake classes se fursat mile tab na?
Agar aap kah rahe he to Satya hi hoga 😂

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onlineuser7 wrote:

Aache khase topic ki vaat laga di grin unfollow kr mai to ab sweat_smile

Yea IT Cell parasites jaha tapke, waha kachra he hota hai.

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Par_ wrote:

What these Companies were doing for around last 15-20 years ??
Why they were not paying for these many years ??
SC does not belong to BJP or Congress.
I you remember, these companies were charging Rs.300 for 1 GB.
Where all profit gone ?

AGR is not surprise. All companies knew very well but not paid in past.
so SC had to take strict action.

and why you think that these companies should not pay AGR ??

Then ask gail to pay 50k crores coz it also should pay all non telco revenue. Why is jio not liable to pay rcom due when using spectrum?

Even if they need to pay atleast put roi to soft loan one not 18% so that co could survive.
Western regulator sell spectrum at lower rate to bring in competition. Here we are kicking it out.
Just to help one man out. The shell co which brought spectrum was a benaami one and brought overnight. Given voice permission on bwa bandwidth by paying small fees. Termination charge reduced to almost zero when cpp regime was already in force.and so many more.

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nimod wrote:

Seen this video & it is not much different from whatsapp forwards even if it does contain some truth. BSNL had one of the worst performing workforce in the country. From a tier-1 city to a tier-3 city majority knew for years that without paying “extra” the lineman/local exchange won’t do a thing. On top of that have you seen their salary packages & other perks. You don’t incur a cumulative loss of 90000 Crore just like that. How can any business organization sustain when 2/3rd of its income is going in salaries & other perks?

https://economictimes.indiatimes.com/markets/st...

Employee expenses, including retiral benefit accruals, stood at 66% of operating revenues in FY18 versus 21% in FY2006, and 27% in FY2008,” said Kotak in its note.

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Voda-Idea will become Idli-Vada soon.

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guest_999 wrote:

Seen this video & it is not much different from whatsapp forwards even if it does contain some truth. BSNL had one of the worst performing workforce in the country. From a tier-1 city to a tier-3 city majority knew for years that without paying “extra” the lineman/local exchange won’t do a thing. On top of that have you seen their salary packages & other perks. You don’t incur a cumulative loss of 90000 Crore just like that. How can any business organization sustain when 2/3rd of its income is going in salaries & other perks?

https://economictimes.indiatimes.com/markets/st...

Employee expenses, including retiral benefit accruals, stood at 66% of operating revenues in FY18 versus 21% in FY2006, and 27% in FY2008,” said Kotak in its note.

BSNL was also giving crores of dividends to govt.
Moreover when a company distributes its profits among thousands of its employees, this is the best form of business.

Not like BJP getting thousands of crores of funds but giving mere 20ps per post to its IT cell slaves.

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nimod wrote:

BSNL was also giving crores of dividends to govt.
Moreover when a company distributes its profits among thousands of its employees, this is the best form of business.

Not like BJP getting thousands of crores of funds but giving mere 20ps per post to its IT cell slaves.

BSNL has not given dividend since its decline started around 2007. If Apple, Amazon, Google or Microsoft start distributing 66% of their operating revenue to their employees then even they will go bankrupt within a few years. It is how business works, you invest your profit in growth to remain competitive & not spend all of it on employees.

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nimod wrote:

BSNL was also giving crores of dividends to govt.
Moreover when a company distributes its profits among thousands of its employees, this is the best form of business.

Not like BJP getting thousands of crores of funds but giving mere 20ps per post to its IT cell slaves.

You do realise that Congress IT cell is older and bigger and has existed for longer time ?

Chamche always in denial.

Im glad everything is being privatized, the quality of service will improve smile

Also, you seem to have an unhealthy obsession with BJP , IT cells and bhakts…

And i think ive seen you spewing this same venom on other forums as well.

Get well soon.

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Verizon USA and Amazon USA seem interested in puchasing a big stake in Vodafone-Idea, so not dead yet.

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After reading the whole (almost) thread, I found that people missed the most important point.

It is not that Telecom companies did not pay AGR, it is the way of calculating AGR. There was a long running case which asked whether the telecom companies pay the AGR only for core business or for all the business like rental/sim sells etc.

Since, telecom paid AGR only for the core business (as they understand the meaning of AGR) , the AGR numbers increased rapidly,

Watch this video for more information -

Part 1 –


Part 2 –

Regarding the off topic discussion

Neither congress is good nor BJP, same applies to Mamta, Kejri

But, this doesn’t mean, the govt. should keep on increasing the taxes of middle man and share that with the poor,
Govt, needs to provide Jobs to the poor.

You should ask the govt, why the GDP (or growth rates) fall / why there is a low unemployment for past 40 years. (and most important how are going to cure it) with bold questions.

I dont think banging plates, burning candles, spreading flowers, playing the indian breed dogs, dancing with peacock will help.

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neo_t wrote:

Verizon USA and Amazon USA seem interested in puchasing a big stake in Vodafone-Idea, so not dead yet.

Vodafone have 45% ownership in Verizon USA.

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Supreme Court exempts Bharti Airtel, Reliance Jio from paying Rs 40,000 crore AGR dues to Centre

Airtel and Jio have been using the spectrum of defunct telecom companies Reliance Communications, Videocon and Aircel.

“Shared operator telecom companies cannot be saddled with liability of past AGR dues,” the court said while passing a verdict on the payment of revenue by telecom firms to the government.

In its judgement, the top court gave Indian telecom firms 10 years to pay AGR dues to the government. However, 10% of the dues have to be paid by March 31, 2021, the court said.

Justice Arun Mishra said that the telecom firms must pay the dues in annual installments commencing from April 1, 2021, till March 31, 2031. The firms must also keep alive the adjusting bank guarantees until the payments are made.

Missing