“The three telcos have made their payments and there has been no delay, which is a good sign. The January-March quarter dues need to come in by March 25. If there is a small balance, that is paid by the end of March since it is the financial year closing,” said an industry executive aware of the development.
Cash strapped Vi had delayed its payment in the earlier quarters, but has paid on time this time around.
In the latest set of dues, each circle makes its payments depending on the revenue for the three months and although the final amount is yet to be added up by the Department of Telecommunications (DoT), the payments are similar to what telcos paid last quarter.
According to numbers of the last quarter ended December 31, Airtel had paid around Rs 1600 crore, Jio about Rs 2000 crore and Vi paid Rs 1000 crore. The three did not respond to ET’s queries. The LF and SuC that telcos pay is 8% and 3%-5% of their adjusted gross revenue (AGR), respectively.
The payments come at a time when Airtel and Vi have mammoth adjusted gross revenue (AGR) dues of about Rs 26,000 crore and Rs 50,400 crore, respectively, to pay to the DoT, but spread over a period of 10 years.
The two have filed petitions in the Supreme Court that there were errors in DoT’s calculations, a plea that the apex court is yet to hear.