Big setback for telecom firms as SC rejects definition of AGR, exposes them to hit of Rs 1.3 lakh crore
Updated : October 24, 2019 05:06 PM IST
With the judgement, the SC has exposed the incumbent telcos to potential demands by DOT of up to Rs 1.33 lakh crore.
The court has held that all revenues, except for termination fee and roaming charges, will be a part of the AGR.
Mahesh Uppal, director of Com First (India) Private Ltd, a consulting company, said the Supreme Court ruling is a massive setback for telecom companies and a sign of weakness in the government’s licensing regime.
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