Vodafone Idea pays ₹1,000 crore instalment to DoT for AGR dues

NEW DELHI: Vodafone Idea Ltd on Friday paid the Department of Telecommunications (DoT) another ₹1,000 crore as part of its dues related to adjusted gross revenue, taking the beleaguered telecom operator’s total payments to ₹7,854 crore.

“In line with the above, the Company has yesterday (i.e. 17 July 2020) paid a further sum of ₹1,000 crore to the DoT towards the AGR dues. The Company had earlier deposited ₹6,854 crores in 3 tranches,” Vodafone Idea said in an exchange filing on Saturday.

The payment relates to a Supreme Court judgement on 24 October last year, when the apex court upheld the government’s broader definition of AGR, on which it calculates various levies like spectrum usage charges and license fees.