It will most likely bank on TCS for sourcing funds in case it has to pay the dues immediately, sources said.
The petition states that telcos have “willfully” “disobeyed” paying their AGR dues by the January 23 deadline.
The Mukesh Ambani led telco’s dues are a fraction of what its rivals - Vod Idea and Airtel - have to pay.
Airtel follows Voda Idea in informing DoT that although it will comply with the SC’s orders, it would request the government to hold on till the next hearing before demanding payment. The two operators' decision to await the SC’s call on AGR modification pleas, imply that they won’t make any payments to the government by the January 23 deadline.
DoT may be open to negotiations if telcos pay part of their dues by Thursday.
The ‘modification’ applications were filed on Monday after the Supreme Court last week rejected the pleas of the three phone companies to review the October 24 verdict that widened the definition of adjusted gross revenue (AGR).
Bharti Airtel , Vodafone Idea and Tata Teleservices to file plea in SC today for time to pay AGR dues
Vodafone Idea, along with some 14 telcos, need to pay about Rs1.47 lakh crore to the telecom department by a Supreme Court (SC)-mandated deadline of January 23.
ARPU, a key performance parameter, rose to Rs 128.4 from reported Rs 120 in the fiscal second quarter, after having fallen for seven successive quarters.
Besides pleas for relief at Supreme Court, telco wants to show its intent to honour payment obligations.
The telco had filed a review petition, hoping for a reduction in penalties, which account for 75% of the dues.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon