Vodafone Idea paid over Rs 1,000 crore as telecom debt

Telecom company Vodafone Idea on Thursday paid more than Rs 1,000 crore to the Department of Telecommunications (DoT) for its statutory dues. Apart from this, this information has been revealed by sources, along with the company on Monday paid Rs 2,500 crore to the government for the adjusted gross revenue (AGR) arrears. Explain that the company owes a total of Rs 53,000 crore. On the other hand, a source in the Department of Telecommunications said that notices will also be sent to Tata Teleservices for recovery of full dues in a day or two.

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The company paid Rs 2,197 crore to the government on Monday, though according to the Department of Telecommunications, the outstanding is more than Rs 14,000 crore. Vodafone Idea Chairman Kumar Mangalam Birla met the telecom secretary on Tuesday amid heavy pressure to pay AGR dues. There is a discussion that the government can redeem the bank guarantee of the company on default in compliance with the court order on payment of statutory dues.

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Apart from this, the Supreme Court on Monday refused to stop DoT from taking any drastic measures to recover dues from Vodafone Idea. In December, Birla said that Vodafone Idea may have to be discontinued if there is no relief on the statutory dues. Along with this, on February 14, top telecom companies Bharti Airtel, Vodafone Idea and Tata Teleservices paid a portion of the outstanding dues on Monday after the completion of the payment deadline by the Supreme Court.

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