DoT seeks legal clarity on dues of insolvent telcos
New Delhi: The department of telecommunications (DoT) has sought legal clarity around adjusted gross revenue (AGR) dues of companies such as Reliance Communications (RCom) and Aircel, currently going through insolvency proceedings, following a recent Supreme Court order that ruled spectrum cannot be transferred or sold by these companies.
“The DoT has asked the attorney general (AG) to provide clarity on what should happen with the AGR dues and spectrum of such firms in the wake of the Supreme Court order,” people aware of the details told ET. RCom has around ₹25,199.3 crore of AGR dues, while the amount for Aircel is about ₹12,389 crore.
