DEPARTMENT OF TELECOMMUNICATIONS (DOT) PROPOSAL TO WAIVE THE ADJUSTED GROSS REVENUE (AGR) DUES OF TELECOM OPERATORS
News: As per ET reports, Department of Telecommunications (DoT) proposal to waive the adjusted gross revenue (AGR) dues of telecom operators has been put on hold due to a lack of consensus within the government’s higher echelons. Media had earlier reported that DoT was considering 50% waiver on interest and penalty on AGR dues.
View: We believe that AGR dues relief was less likely and only way ahead for Vi could be equity conversion by government or any other form of relief such as spectrum surrender. Without any major relief, it would be difficult for Vi to service its government dues of over ₹ 2 lakh crore.
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