Financial Insights

Bharti Airtel accepts 4-year moratorium on spectrum, AGR payments

The co. mentioned on Monday about choosing four-year payments moratorium on AGR and spectrum dues being offered by the government as part of a relief package for the telecom sector.

In addition to the four-year suspension of statutory tax obligations for the industry, the industry aid package includes permission to share scarce radio waves, a change in the definition of taxable revenue, and 100 percent foreign investment through the automatic route.

Bharti Airtel has deferred the payment of spectrum auction installments following Vodafone Idea and also deferred the AGR-related dues by 4 years.

With reference to the notification dated October 14 2021 issued by department of telecommunication(DoT) to the company, we wish to inform that the company has confirmed to avail the following options:
a) deferment of the payment of spectrum auction installments due up to 4 years;
and b) deferment of AGR related dues by a period of four years.”

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