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Airtel pays Rs 10,000 crore to govt towards statutory dues

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Airtel pays Rs 10,000 crore to govt towards statutory dues

With the government coming down heavily on telcos after the Supreme Court’s rap, Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards statutory dues. The company said it will make the payment of the balance amount after a self-assessment exercise.

“The…amount of Rs 10,000 crore has been paid on behalf of Bharti Airtel, Bharti Hexacom, and Telenor,” the Sunil Mittal-led company said in a statement. As much as Rs 9,500 crore has been paid on behalf of Bharti Airtel (including Telenor India which merged with the company), and another Rs 500 crore for Bharti Hexacom.

As per the government’s assessment, Airtel owes nearly Rs 35,586 crore in statutory dues, including licence fee and spectrum usage charge.

After facing the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, the telecom department on February 14 began issuing orders asking firms such as Bharti Airtel and Vodafone Idea to clear past dues immediately. — PTI

https://news.rediff.com/commentary/2020/feb/17/...

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Pro Entertainer Pro Entertainer
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Ameer to hai Bharti Mittal… smile … Per Bhartiya hai jo danda kha kar hi manta hai… wink toungueout

Deal Subedar Deal Subedar
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I wish Airtel goes bankrupt after paying all dues…
…and Voda-Idea before paying any dues

Benevolent Benevolent
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But then we will only have jio o.O

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Benevolent Benevolent
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@desiman This is the reason why airtel didn’t fall today…
i read this earlier…
glenmark was in news and ppl bashed it up badly sad

Deal Lieutenant Deal Lieutenant
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JioAirtel

(not reliance jio re)

Firestorm Firestorm
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sweat_smile sweat_smile  ab to pakka dubega VOID
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Pro Critic Pro Critic
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Currently Airtel has better speed and services than Jio. And for some of us, it’s even cheaper. plus1

Deal Major Deal Major
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Idea 4G internet in Mumbai – does it work better than JIO / airtel

Pro Entertainer Pro Entertainer
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Ismese adha pesa to mere hi account ka hoga. Illegitimate VAS ka activation krke😠😠😠
But still bad if voda idea and airtel vanishes. Can’t cope with 10kb speed of jio and 50 rupee hike per year or less

Vanguard Vanguard
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Doesn’t the bank have guarantees for all these loans given to telecos? How will it become an NPA? Just today the supreme court ruled out Vodafone plea of not allowing banks to encash the guarantees. So aren’t they secured

Generous Generous
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Only around half is secured.

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