Airtel, Voda, Idea made no provisions for AGR disputed amount
A study of the balance sheets of private telecom operators, namely Bharti AirtelNSE 2.81 %, Vodafone and Idea, show that they did not declare the disputed amounts under the levy of annual gross revenues (AGR) as ‘provisions in their books.
The Supreme Court recently ruled that telcos have to pay approximately Rs 92,000 crore to Department of Telecommunications (DoT) as revenue share on AGR computation.
According to telecom regulator Trai sources, 15 per cent AGR was fixed as licence fee under “revenue sharing” which was reduced to 13 per cent, and lastly to 8 per cent in 2013. It appears that the revenue sharing