City
Epaper

Airtel, Vodafone Idea pay Rs 5,042 cr spectrum auction dues

By IANS | Updated: March 3, 2020 17:02 IST

Vodafone Idea on Tuesday paid the government Rs 3,042 crore for airwaves bought in the auction back in 2014 while Airtel paid Rs 2,000 crore on the same head.

Open in App

New Delhi, March 3 Vodafone Idea on Tuesday paid the government Rs 3,042 crore for airwaves bought in the auction back in 2014 while Airtel paid Rs 2,000 crore on the same head.

Sources said the companies made the payments on Tuesday, which was the deadline date. Any default on spectrum dues payment from auctions entitles the Department of Telecommunications (DoT) to encash the bank guarantees.

Separately, Vodafone Idea has adjusted gross revenue (AGR) dues of Rs 53,000 crore of which it has paid Rs 3,500 crore. The company is hopeful of some direct relief for helping it pay the amount to DoT.

Airtel faces an AGR payment of Rs 35,500 crore and it has paid Rs 18,000 crore to DoT as its "full and final" payment after self-assessment.

(Anjana Das can be contacted at anjana.d@.in)

( With inputs from IANS )

Open in App

Related Stories

NationalSecurity forces foil major Maoist plot in Chhattisgarh

NationalMaha local body poll results finally settled debate over the 'real' Shiv Sena: Dy CM Eknath Shinde

NationalDelhi Speaker Vijender Gupta inaugurates multiple welfare projects in Rohini

Maharashtra"Shiv Sena (UBT)–MNS Alliance Announcement in 2–3 Days": Sanjay Raut Ahead of Municpal Corporations Elections

EntertainmentPierce Brosnan says he is looking forward to discover the identity of the next James Bond

कारोबार Realted Stories

BusinessNo changes in existing rules for short selling: SEBI

BusinessPetroleum and Natural Gas Rules 2025 to bring paradigm shift in oil & gas sector: Hardeep Puri

Business‘Greatest gift for Assam’: Leaders and commoners praise PM Modi over Namrup urea plant

BusinessTripura Gramin Bank leads in implementing PM Modi's flagship schemes with last-mile focus: Officials

BusinessEVs driving India's growth in clean mobility & jobs: Minister