AGR dues: Bharti Group to deposit ₹10,000 crore with DoT by February 20

The Bharti Group will deposit ₹10,000 crore with the Department of Telecommunications (DoT) by February 20, in compliance with the Supreme Court directive, while the balance dues will be paid before the next date of hearing.

This follows the apex court’s ruling on Friday rejecting a plea by incumbent telecom operators seeking more time to settle their adjusted gross revenue (AGR) dues. The court directed the telecom companies to pay a “sizeable” amount of their statutory dues today.

The Bharti Group, which has a liability of ₹35,600 crore, will deposit the sum on behalf of Bharti Airtel, Bharti Hexacom and Telenor India. “In compliance with the judgment of the Supreme Court and their direction, we shall deposit a sum of ₹10,000 crore by February 20, on behalf of Bharti Group companies,” it informed the finance wing of DoT.