Bharti Airtel had a spectrum acceding with Videocon
Bharti Airtel's appeal adjoin the Centre's appeal that it pay the AGR (Adjusted Gross Revenue) ante of Videocon, will be heard by the Supreme Cloister tomorrow. The firm, which is India's better adaptable carrier, has a spectrum acceding with Videocon, so the Administration of Telecommunications wants Airtel to pay Videocon's dues. Videocon owes the government Rs. 1376 crore.
Airtel had entered a Rs 4,428 crore accord to acquirement spectrum endemic by Videocon Telecommunications in six circles -- Bihar, Haryana, Madhya Pradesh, Uttar Pradesh (East), UP (West) and Gujarat -- in March 2016.
Airtel, however, questioned the Centre's appeal for Videocon's AGR, adage it could not be captivated amenable for the company's accomplished dues.
The telecom administration again went to court. In April this year, the government told Supreme Cloister that it had aloft the appeal in acquiescence with an beforehand adjustment of the court, but accustomed a abrogating acknowledgment from Airtel.
During a audition in September 2020, the top cloister had said that according to spectrum trading guidelines, AGR ante charge to be met afore trading of licenses and if the agent could not pay, the client will accept to footfall up.
Reports said afterwards Airtel's move, the telecom administration took acknowledged angle on encashing the company's coffer agreement to accession the ante of Videocon.
Currently, if a telco fails to pay its annual licence or spectrum-related dues, again the coffer guarantees are with the telecom administration are encashed. The coffer guarantees are additionally periodically replenished.
Last year, the Supreme Cloister had banned to stop the government from demography arrogant activity adjoin telcos to accession AGR dues. The cloister fabricated it bright it will not apprehend "even for a second" the arguments on analysis or re-calculation of the AGR accompanying ante of telecom companies, which run to about Rs 1.6 lakh crore.
In a consecutive hearing, the cloister additionally asked the telecom administration how it affairs to balance the AGR-related ante from companies adverse defalcation affairs and whether spectrum accustomed to these companies can be sold.
The telecom administration told the cloister that spectrum is endemic by the nation, captivated in assurance by the government and cannot be sold.
"Telecoms don't own spectrum, arrangement allows alone its use," the administration said. Spectrum cannot be subjected to IBC (Insolvency and Bankruptcy Code) affairs either, it said.
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