Bharti Airtel to pay Rs 21,682 crore, Vodafone Rs 19,823 crore, Reliance Communication to pay Rs 16,456 crore
Top telecom companies demand review of Supreme Court's October 24 judgment to pay Rs 1.47 lakh crore
(PTI) New Delhi, Ta. January 16, 2020, Thursday
The Supreme Court has rejected applications filed by top telecom companies, including Bharti Airtel and Vodafone Idea, to re-review the order to deposit Rs 1.47 lakh crore.
The Supreme Court in its October 24 order directed telecom companies to deposit Rs 1.47 lakh crore to the telecom department. Rejecting requests for re-review of telecom companies, the Supreme Court said that the companies did not present any valid reason on which their applications should be reviewed.
A bench comprising Justice Arun Mishra, Justice SA Nazir and Justice MR Shah said that the applications of telecom companies were rejected as there was no merit in the petitions. Telecom companies have demanded open court hearing on their review petitions.
The Supreme Court on October 24, 2019 gave a major shock to telecom companies. During the hearing, the court ordered the telecom companies to pay Rs 1.47 lakh crore to the Department of Telecommunications (DOT).
During the hearing, Dot told the court that in addition to the termination fee, all revenue received by telecom companies is part of the Adjusted Gross Revenue (AGR). Telecom companies, on the other hand, argued that non-telecom revenue such as rent, internet income, profit, etc. should not be included in the AGR.
In 2006, the Telecom Settlement and Appellate Tribunal (TDSAT) ruled in favor of telecom companies. The telecom department subsequently challenged the TDSAT decision in the Supreme Court. In 2008, the court granted interim stay on the TDSAT decision and issued notices to telecom companies.
There is a debt of Rs seven lakh crore on the telecom sector. The dispute over the definition of AGR has been going on between 2005 between the Telecom Department and the Telecom Service Providers. There were 15 companies at one time in the telecom sector which has now fallen to just two.
According to the telecom department, the payment of license fee is pending to pay Rs 21,682 crore to Bharti Airtel, Rs 19,823 crore to Vodafone, Rs 16,456 crore to Reliance Communication and Rs 8485 crore to Idea.
It is worth mentioning that Bharti has debt of Rs 26000 crore on Airtel, 19000 crore on Vodafone-Idea, 16000 crore on Reliance Communication, 2000 crore on BSNL and Rs 2500 crore on MTNL.
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