AGR Case: Voda Idea says in no position to furnish bank guarantee, losses at over Rs 1 lakh crore

NEW DELHI: Vodafone Idea on Thursday told Supreme Court (SC) that it is in no position to furnish bank guarantee, citing losses of over Rs 1 lakh crore. Another telecom operator Bharti AirtelNSE 0.68 % suggested that the telecom company needs to sit down with the government on calculations of the dues.

Regarding the matter, DoT said while telecom operators have filed affidavits, they still need time to reply on the roadmaps and timelines for the payment of their AGR dues to the government and the security they seek to provide against it.

Voda Idea owes Rs 58,254 crore in adjusted gross revenue (AGR) dues to the government. It has paid only Rs 6,854 crore so far. Airtel owes Rs 25,976 crore after paying Rs 18,004 crore.