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Jio pays Rs 195 crore AGR dues in advance

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Published : Jan 23, 2020, 6:39 PM IST

Updated : Jan 23, 2020, 8:16 PM IST

"Reliance Jio has paid Rs 195 crore for AGR. This includes advance money that the company has paid for the month of January 2020," the source said.

Jio pays Rs 195 crore AGR dues in advance
Jio pays Rs 195 crore AGR dues in advance

New Delhi:Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.

"Reliance Jio has paid Rs 195 crore for AGR. This includes advance money that the company has paid for the month of January 2020," the source said.

The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgment dated October 24, 2019.

Rivals of Jio, Bharti Airtel and Vodafone Idea have a cumulative liability of Rs 88,624 crore and have sought more time from the department.

The apex court has set January 23 as the deadline to pay adjusted gross revenue (AGR) dues. However, companies have requested the DoT (Department of Telecom) to give them time to make payment based on the outcome of their modification petition listed for hearing before the Supreme Court next week, sources said.

DoT not to take coercive action against telcos who fail to pay AGR dues

The telecom department has decided to not take any coercive action against the telecom operators who did not pay AGR dues by the deadline that ended on Thursday, official sources said.

Leading telcos Bharti Airtel and Vodafone have informed the Department of Telecom that they would not pay their total AGR dues of Rs 88,624 crore by January 23 and would comply with the outcome of modification petition filed before the Supreme Court which is listed for hearing next week, an official source told PTI.

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Last Updated : Jan 23, 2020, 8:16 PM IST

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