DoT to issue fresh notice to telcos this week for non-payment of dues

Division of Telecommunications (DoT) will this 7 days concern contemporary notices to Vodafone Idea, Bharti

Division of Telecommunications (DoT) will this 7 days concern contemporary notices to Vodafone Idea, Bharti Airtel and Tata Teleservices for the non-payment of dues in entire.

Bharti Airtel paid out Rs 10,000 crore on Monday. Vodafone Idea paid out Rs two,five hundred crore on the exact day and paid out Rs 1,000 crore on Thursday. In all, it owes Rs fifty three,000 crore to the Telecom Division.

In the meantime, Tata Teleservices which paid out Rs two,197 crore as entire and closing payment as the AGR dues on Monday will be issued a individual detect seeking entire payment of dues in line with the government’s calculation.

DOT experienced stated the firm’s dues have been to the tune of Rs 14,000 crore.

In accordance to an official at DOT, “Tata Teleservices are unable to escape shelling out the entire amount of money”.

The company experienced paid out Rs two,197 crore, which is only principal payment.

“They are yet to pay out the desire on that principal, penalty and desire on penalty,” the official stated.

DOT is also awaiting the legal opinion it sought on the make a difference of AGR (Adjusted Gross Profits).

“We can invoke bank guarantees even now but we have sought legal see on whether we really should invoke the guarantees right before March 17 or not,” he added.

Amid fiscal worry overpayment of modified gross profits (AGR) dues, Bharti Airtel Chairman Sunil Bharti Mittal and Vodafone Idea Chairman Kumar Mangalam Birla on Wednesday achieved with the Finance Minister Nirmala Sitharaman.