Recent SC judgement on AGR disappointing; taking legal advice on review petition: Airtel CEO Gopal Vittal

NEW DELHI: Bharti Airtel’s chief executive Gopal Vittal said that the recent average gross revenue (AGR) judgement of the Supreme Court (SC) was disappointing, and the telecom operator is taking legal advice on the next steps.

“Our request was to permit correction of computational errors in the AGR demands by DoT. These apparent errors have a significant implication on the overall AGR demand. While we are disappointed with the recent outcome, the company has provisioned for the onerous pay out and already paid over Rs 18,000 cr covering its obligations for the first few years as per the directions of the Supreme Court,” Vittal said during the earnings calls.