According to sources Bharti Airtel, vodafone idea and Tata Teleservices on friday individually filed review petitions in supreme court on the recent AGR verdict seeking waivers on penalties and interest, and interest on penalties, and hence they decided to go to the sc for review of the apex court's order of october 24 after the recent cabinet decision cleared a two-year moratorium on spectrum payments but did not give any relief on the AGR front and the government announced in the Parliament that there is no consideration on its part to go for a waiver on any component of the Supreme Court's AGR order.
Furthermore Airtel, vodafone idea and Tata Teleservices filed review petitions in the supreme court on the order for them to pay around Rs 92,000 crore to the Centre in the Adjusted Gross Revenue case, the sources added. Apparently as per the Communications minister ravi shankar Prasad's replies to the Parliament, Bharti Airtel, vodafone idea and other telecom companies owe the government as much as Rs 1.47 lakh crore in past statutory dues.
Moreover under the impact of the dues, vodafone idea filed the highest ever quarterly loss in the corporate history - Rs 50,992 crore in the second quarter of 2019-20. Both telcos have counted higher losses on the provisioning for AGR dues. Reportedly in the case of vodafone idea, this number stands at a cumulative Rs 53,038 crore, including Rs 24,729 crore of SUC dues and Rs 28,309 crore in licence fee and the deadline for payment of licence fee and spectrum charges dues on account of AGR definition as decided by the court over the last 14 years is january 24.
