{"id":10453,"date":"2020-04-20T10:39:02","date_gmt":"2020-04-20T10:39:02","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=277788"},"modified":"2020-04-20T10:39:02","modified_gmt":"2020-04-20T10:39:02","slug":"vodafone-idea-misses-agr-payment-deadline","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/04\/20\/vodafone-idea-misses-agr-payment-deadline\/","title":{"rendered":"Vodafone Idea misses AGR payment deadline"},"content":{"rendered":"

<\/p>\n

\tVodafone Idea reportedly sought an extension to pay adjusted gross revenue (AGR) dues to the government for the period between January to March 2020, as the effects of the Covid-19 (coronavirus) pandemic took its toll on operations.<\/p>\n

The Economic Times of India reported the operator, which has been embroiled in a long-running row with authorities over AGR liabilities, missed a deadline of 25 March to pay its dues for the quarter, and has asked the government for more time.<\/p>\n

The AGR payments are split by a self-assessment undertaken by the operator, with dues paid as part licence fees and part spectrum usage charges.<\/p>\n

The company paid a reported INR9.5 billion ($118.6 million) for the October to December 2019 quarter. In total, it is estimated the operator could end up paying fees of more than INR400 billion in AGR dues.<\/p>\n

Lenient approach expected
\nThe Indian government has rejected requests from Vodafone Idea and other operators to ease AGR terms [1] in their bids to bring down the amounts owed.<\/p>\n

The government did however agree to give operators more time to pay, with terms extended to 20 years.<\/p>\n

A source told ET that the government is likely to be more lenient in relation to this quarter\u2019s payment, with the focus currently on maintaining networks, in light of the Covid-19 crisis.<\/p>\n

Rajan Mathews, director general of Cellular Operators Association of India, added that regulator Department of Telecommunications (DoT) had \u201cindicated a willingness\u201d to cooperate.<\/p>\n

Despite Vodafone Idea’s money worries, a bail out by parent Vodafone Group is unlikely [2]. Last week, the company denied media reports that it was set to pump funds to the tune of up to $225 million into its Indian joint venture to cover its rising expense bill.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/india-court-blocks-agr-reassessment\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/vodafone-denies-u-turn-over-india-jv-bailout\/<\/p>\n\n

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Vodafone Idea reportedly sought an extension to pay adjusted gross revenue (AGR) dues to the …<\/p>\n

The post Vodafone Idea misses AGR payment deadline<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Vodafone Idea misses AGR payment deadline - ITTeacherITFreelance.hk","description":"Vodafone Idea reportedly sought an extension to pay adjusted gross revenue (AGR) dues to the ... The post Vodafone Idea misses AGR payment deadline appeared fir"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/10453"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=10453"}],"version-history":[{"count":3,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/10453\/revisions"}],"predecessor-version":[{"id":10636,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/10453\/revisions\/10636"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=10453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=10453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=10453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}