Need urgent change in AGR definition prospectively: COAI DG

New Delhi: As the Indian telecom companies reel through a severe financial crisis with huge AGR dues towards to the Centre still pending, COAI Director General, Rajan Mathews has said that there is an immediate need to revise the definition of adjusted gross revenue (AGR) in a prospective manner to avoid any further similar issues for the industry.

Speaking to IANS, the DG of Cellular Operators Association of India (COAI) contended that amending the definition in a prospective manner would not violate the Supreme Court’s order and the Telecom Regulatory Authority of India (TRAI) had itself taken up with issue few years back but not much development has taken place on that front so far.