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There was widespread disappointment in the sector after the dismissal of the review petitions.While Vodafone Idea and Tata Teleservices did not comment, Airtel said it is mulling a curative petition on the AGR order.Telecom industry association COAI said the review dismissal by the Supreme Court was like the last straw on the back of the financially stressed sector."While we respect the Hon'ble Supreme Court's order dismissing the industry's review petition of the AGR matter, the telecom sector is again deeply disappointed. The sector, which is currently reeling under a debt of Rs 4 lakh crore, is a key contributor to the Indian economy in terms of consumer benefit, employment, revenue generation and contributes 6.5 per cent to the GDP," a COAI statement said."The sector is already facing heavy taxes and levies in the range of 29 per cent to 32 per cent, which are globally the highest. The Supreme Court's dismissal of the review petition is the last straw in contributing to financial distress and it remains to be seen whether the industry will be able to recover from this setback. This added financial pressure on the sector will also adversely impact Prime Minister Narendra Modia's vision of Digital India", COAI Director General Rajan Mathews said.Airtel said that "the industry needs to continue to invest in expanding networks, acquiring spectrum and introducing new technologies like 5G." It also said "that the money now required to be paid punitive interest, penalty and interest on penalty which forms nearly 75 percent of AGR dues, "would have better served the digital mission of the country".The setback is severe, particularly for Vodafone Idea and Bharti Airtel, who have been seeking waiver of penalties and interest, but with the rejection of their pleas, the companies' next course of action on operations and expansions is unclear.For Vodafone Idea it has even become a question of survival. Chairman K.M Birla has said the company may have to stop its operations if it does not receive any relief from the government.Vodafone Idea and Airtel have to pay the government Rs 53,039 crore and Rs 35,586 crore, respectively by January 23.Tata Teleservices, which has sold its consumer mobility business to Airtel but the deal is yet to be closed pending the Department of Telecom's approval, faces dues of Rs 13,823 crore.Including these three companies, some 15 telcos need to pay over Rs 1.47 lakh crore to the government as disclosed recently to Parliament by the Telecom Minister Ravi Shankar Prasad .Airtel has just raised $3 billion to fund the dues. Airtel has a debt of Rs 1.10 lakh crore and Vodafone Idea has a liability of Rs 1.20 lakh crore.( With inputs from IANS )

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The Supreme Court on Wednesday will hear a plea by the Department of Telecommunications (DoT) for staggered payment of adjusted gross revenues (AGR) dues by telecom companies. ...

The Central government on Monday approached the Supreme Court seeking approval for a formula allowing telecom service providers to make annual installments of unpaid or remaining AGR dues in next 20 years or more. ...

Bharti Airtel continues to bleed with the Sunil Mittal company posting a consolidated net loss of Rs 1,035 crore in Q3 (Oct-Dec) against a net profit of Rs 86 crore in the same period of the last fiscal. ...

The government on Monday said it has not included AGR dues payment in the Budget 2020-21. ...

The Department of Telecom will issue a separate deadline for AGR dues payment to the non-telecom companies (mostly PSUs) since the Supreme Court mandated timeline does not apply to them, official sources said. ...

The Department of Telecom has raised a demand of Rs 48,457 crore as AGR (Adjusted Gross Revenue) dues from Oil India to be paid by January 23. ...

Curative petitions like that being contemplated by the telecom companies have rarely been accepted by the Supreme Court, brokerage firm Motilal Oswal said on Friday. ...

Ahead of the January 23 deadline to pay their adjusted gross revenue (AGR) dues, Bharti Airtel, Vodafone Idea and Tata Teleservices on Thursday received a second blow from the Supreme Court within three months after the court rejected their plea to r ...