AGR issue an 'unprecedented' crisis for telecom sector dealt with by govt, says Bharti Airtel Chairman Sunil Mittal

Mittal on Wednesday said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability

Press Trust of India February 21, 2020 11:26:33 IST
AGR issue an 'unprecedented' crisis for telecom sector dealt with by govt, says Bharti Airtel Chairman Sunil Mittal
  • Mittal said Airtel is committed to complying with the Supreme Court order on adjusted gross revenue (AGR) dues and asserted that the company will make balance payment "expeditiously"

  • "AGR is an unprecedented crisis for industry, which is being dealt with by government," he said

  • Mittal on Wednesday said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability

New Delhi: Bharti Airtel Chairman Sunil Mittal on Thursday met Telecom Minister Ravi Shankar Prasad and sought cut in taxes and levies for the sector, amid the "unprecedented" AGR crisis.

Mittal said Airtel is committed to complying with the Supreme Court order on adjusted gross revenue (AGR) dues and asserted that the company will make balance payment "expeditiously".

"AGR is an unprecedented crisis for industry, which is being dealt with by government," he said.

Mittal further said the industry is heavily taxed and suggested cut in taxes and levies for the sector.

AGR issue an unprecedented crisis for telecom sector dealt with by govt says Bharti Airtel Chairman Sunil Mittal

Sunil Bharti Mittal. File photo. Reuters

He said Airtel has time till 17 March to make balance payments, adding that the company will pay its dues "much before that".

Mittal on Wednesday said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability.

After meeting top finance ministry officials, he told reporters that the issue of pending dues arising out of the Supreme Court ruling on Adjusted Gross Revenue (AGR) was not discussed.

Airtel has paid Rs 10,000 crore out of its estimated liability of over Rs 35,000 crore.

Vodafone Idea Chairman Kumar Mangalam Birla, who had met the telecom secretary on Tuesday, also met finance ministry officials on Wednesday.

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