SC Order On AGR Huge Blow To Bharti, Voda-Idea: Kotak

New Delhi: The Supreme Court verdict allowing the Centre to recover Rs 92,641 crore in total adjusted gross revenue (AGR) from telecom operators in India is a massive blow to Bharti Airtel and Vodafone Idea Ltd, Kotak Securities has said. It said that post the adverse SC order in the long-standing AGR case, Airtel and […]

Voda-Idea-Airtel

New Delhi: The Supreme Court verdict allowing the Centre to recover Rs 92,641 crore in total adjusted gross revenue (AGR) from telecom operators in India is a massive blow to Bharti Airtel and Vodafone Idea Ltd, Kotak Securities has said.

It said that post the adverse SC order in the long-standing AGR case, Airtel and the combined entity of Vodafone Idea are liable to pay Rs 21,700 crore and Rs 28,300 crore, respectively. These liabilities pertain only to the underpaid licence fee and associated penalty and interest.