Telecom giants lose bid to reassess ₹92,000 crore AGR payments

The Supreme Court has dismissed the request from telecom companies to recalculate adjusted gross revenues (AGRs) in an ongoing conflict over dues owed to the government. Vodafone India, Bharti Airtel, and other firms alleged significant mistakes by the Department of Telecommunications in determining the licence fees and spectrum charges due to the union government, and they also criticized the court for imposing an 'arbitrary penalty.'

Telecom companies must settle these dues from their Adjusted Gross Revenues (AGRs). In October 2019, the Supreme Court ordered them to pay ₹92,000 crore within three months.