InvestorQ : How does Bharti propose to pay the full dues on the AGR front to DOT?
indhumathi Sayani made post

How does Bharti propose to pay the full dues on the AGR front to DOT?

Answer
user profile image
shrinidhi Rajan answered.
3 months ago


As of now, Bharti Airtel has refused to submit any additional bank guarantee to the court since it has already given a bank guarantee to the tune of Rs.10,800 crore which can be cashed by the DoT as security against AGR. Bharti has already disputed the overall sum of AGR payable and has asked for a total time frame of 20 years to defray the AGR in full.

DoT is in possession of securities and guarantees of Rs.10,800 crores. This comprises Rs.4000 crores towards license dues and Rs.6800 crores towards spectrum deferred liability. Bharti also mentioned that they had shown commitment by paying a huge amount already and hence further guarantees would not be feasible to provide.

It may be recollected that out of the total outstanding claim of DOT to the tune of Rs.43,980 crore, Bharti Airtel has already paid Rs.18,000 crore and has additionally submitted another Rs.10,000 crore worth of guarantees. It is not clear if the DOT and the government would accept a prolonged period of 20 years for clearing the full AGR dues.