Airtel reports Rs 23,045 cr Q2 loss on Rs 28,450 cr provisions towards AGR dues

Telecom major Bharti AirtelNSE 6.72 % on Thursday posted a net loss of Rs 23,044 crore for the quarter ended September 30, on Rs 28,450 crore provisions towards adjusted gross revenue (AGR) dues.

The company has provided Rs 28,450 crore as a charge for the quarter (principal Rs 6,164 crore, interest Rs 12,219 crore, penalty Rs 3,760 crore and interest on penalty Rs 6,307 crore) with respect to the licence fee as estimated based on Supreme Court’s judgement and spectrum usage charges (SUC) as estimated based on the definition of AGR.