Supreme Court gives telecom companies 3 months time to clear AGR dues

Apex court had upheld government definition of AGR, said telcos must pay licence and fine applicable

The Supreme Court (SC) has given telecom companies three months to comply with its order, upholding the government’s definition of adjusted gross revenue (AGR) and asked them to file a compliance report after depositing the money.

The SC had on Thursday said there would be no extension of time from a time frame decided by it.

It had also said the telecom companies would have to pay the fine and penalties, apart from the AGR dues. The payout by telcos could rise to an estimated Rs 1.33 trillion once spectrum usage charges (SUC) linked to the AGR are taken into