Home / Companies / News / Voda Idea puts AGR dues at Rs 21,533 cr as Nick Read calls on FM Sitharaman

Voda Idea puts AGR dues at Rs 21,533 cr as Nick Read calls on FM Sitharaman

Telecom firm advised to pay up at least the principal amount before SC hearing

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FM Nirmala Sitharaman and Vodafone Group CEO Nick Read (C) during a meeting in New Delhi on Friday. Read is visiting India at a time when the telecom industry is facing a crisis. Photo: PTI

Megha Manchanda New Delhi

4 min read Last Updated : Mar 07 2020 | 12:42 AM IST

Just a few hours before Vodafone Group CEO Nick Read’s meeting with Union Finance Minister Nirmala Sitharaman and then Telecom Minister Ravi Shankar Prasad on Friday, the company announced that it had completed assessing its dues linked to adjusted gross revenue (AGR). At Rs 21,533 crore, Vodafone Idea’s calculation of the AGR liability turned out to be less than half of the government estimate.

While Read offered “no-comments” after his meetings with the ministers, sources in the Department of Telecommunications (DoT) indicated that the company was “positive” about India and that it wanted to make a ‘’new and good beginning’’ in

Topics : Vodafone Idea Nirmal Sitharaman Ravi Shankar Prasad Adjusted gross revenue DoT Department of Telecommunications telecom services Supreme Court Telecom industry

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