Telecom stocks after notice of adjusted gross revenue (AGR) payment of Rs 92,000 crore

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Mumbai, Ta. November 14, 2019, Thursday

Following the order of the government to pay the adjusted gross revenue (AGR) amount of Rs.

It is worth mentioning that the apex court had on October 3, filed a judgment in favor of the government on the Adjusted Gross Revenue (AGR) and ordered the telecom operators-companies to pay Rs. Following the order, the Department of Telecom (DOT) issued a notice to telecom operators to pay the amount within three months, industry circles said, adding that the order would put a greater burden on the balance sheet of telecom companies and in the midst of a crisis, the telecom companies were in a crisis. Erosion was observed.

Dot has given telecom operators the option to pay all these outstanding debts on a self-assessment basis. It is worth mentioning that, as per the Supreme Court order, all income-excluding termination fees and roaming charges will be calculated as AGR-adjusted gross revenue. The Telecom Department will seek cabinet approval over the panel proposals in the next two weeks,

Vodafone has decided to stop investing more capital in India over this concern. Bharti Airtel is likely to file a review petition.

According to internal estimates prepared by DOT, the total dues paid to the telecom service operators will be as much as Rs 1.5 lakh crore from the apex court order. According to DOT, the Bharti Airtel Group will have a liability of Rs 5.9 crore, Vodafone Idea Rs 1.8 crore and BSNL and MTNL Rs 1.8 crore.

Vodafone Idea's share fell 8.5 percent to the bottom of the 5.7 today. Vodafone Idea by Aditya Birla Group, Vodafone Group-UK Is a joint venture with. In which, Aditya Birla Group did not bring any more equity funds, the stock was offloaded today. In the telecom sector, Grasim Industries holds 8.2% holdings in Vodafone Idea. Bharti Airtel's share fell to Rs 5.7 today. MTNL down 4 paise to Rs 1.8, RCom down 3 paise to 5 paise, Infratel down Rs 1.8 to Rs 9, Tejas Net down Rs 1.8 to Rs 9, Vindhya tally to Rs. 1 was down to Rs.

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