Supreme Court rejects the appeal of Vodafone Idea, Airtel and Tata Teleservices on the AGR issue.
The Supreme Court rejected yesterday, the petitions of Vodafone Idea, Airtel and Tata Teleservices, for a review of the judgement of the Apex Court delivered on 24.10.2019. By this judgement, the Supreme Court widened the definition of the Adjusted Gross Revenue (AGR), based on which licence fee and spectrum usage charges are being calculated. As a result of this judgement, Vodafone Idea, Airtel and Tata Teleservices have to pay Rs.53,000 crore, Rs.35,000 crore and Rs.19,000 crore respectively, more to the government. Vodafone Idea has already announced that it would shut down it’s operations in India, if it did not get relief from the Supreme Court judgement.
[Date : 17 – Jan – 2020]