DoT’s suggestion to give telecom companies 20 years for AGR payment to help resurrect industry: COAI

NEW DELHI: The telecom department’s proposal to allow telecom companies pay adjusted gross revenue (AGR) dues in 20 years will improve their cash flow, and the decision to raise tariff by mobile operators will help in resurrecting the financially stressed sector, industry body COAI said on Monday.

“We are very pleased with the Department of Telecom’s submission before the court to give 20 years time to telecom operators for paying adjusted gross revenue dues, which will help in reviving the industry,” COAI Director General Rajan S Mathews told PTI.