Vodafone-Idea assessing what it can pay as AGR dues, to pay shortly

NeW DELHI: Vodafone Idea stated it’s assessing what it might pay the federal government as a part of its statutory dues, and plans to pay it within the subsequent few days.

“The Company is presently assessing the quantity that it will likely be capable of pay to DoT in the direction of the dues calculated primarily based on AGR (Adjusted Gross Revenue), as interpreted by the Hon’ble Supreme Court in its order dated 24 October 2019. The Company proposes to pay the quantity so assessed within the subsequent few days,” stated the telco in an announcement on Saturday.

Vodafone Idea has to pay Rs 53,000 crore of dues and was jolted when Supreme Court on Friday tore into telcos for not paying their AGR dues by January 23.

The telco, nevertheless, cautioned that its future stays depending on the court docket’s name over modification plea, which now has been listed for March 17.

“The company’s ability to continue as a going concern is essentially dependent on a positive outcome of the application for modification of the Supplementary Order,” it added.

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