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Bharti Airtel may make AGR payment today

Updated : February 17, 2020 09:28 AM IST

Telecom operator Bharti Airtel is likely to make payment for adjusted gross revenue (AGR) dues on Monday to avoid any actions from the Department of Telecom (DoT).

On Friday, Bharti Airtel had offered to pay Rs 10,000 crore before February 20.

The DoT may consider action on telecom firms under the licensing agreement and may invoke bank guarantees in cash.

The telecom department on Friday withdrew its earlier order granting a waiver to telcos from coercive action against non-payment of AGR dues after the Supreme Court lashed out at the DoT for non-compliance of its October 2019 directing all telcos to pay AGR dues by January 23.

Hence, to avoid any action from the DoT, sources told CNBC-TV18 that Bharti Airtel may try and expedite the payment and make some of the payment if not all of the Rs 10,000 crore at least – attempt to make some of that payment today itself.
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