Sunday, 26 June, 2022
HomeIndiaVodafone Idea says will immediately pay Rs 2,500 crore as AGR dues...

Vodafone Idea says will immediately pay Rs 2,500 crore as AGR dues to DoT

The company also said that it will pay another Rs 1,000 crore by Friday and will take further stock of the situation to see how further additional payments can be made.

Text Size:

New Delhi: Vodafone Idea Ltd (VIL) has said its board has authorised the company to immediately pay Rs 2,500 crore, a portion of its statutory dues, to the telecom department on Monday.

The company also said that it will pay another Rs 1,000 crore before the end of the week.

“The board will take further stock of the situation to see how further additional payments can be made,” the company said in a regulatory filing.

VIL said that based on overall review of the position, the board has authorised the company to “immediately pay” to the telecom department a portion of AGR dues aggregating to Rs 2,500 crore on Monday and further Rs 1,000 crore before end of the week.

VIL dues are over Rs 53,000 crore as per estimated by the telecom department.


Also read: Airtel pays Rs 10,000 crore towards statutory dues as it rushes to meet DoT deadline


 

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

Most Popular

×