Airtel & Tata Telcos pay first instalment of AGR liabilities

MUMBAI: Bharti Airtel and Tata Group’s telecom arms have paid the first instalment of their adjusted gross revenue (AGR) liabilities, having exhausted attempts to secure relief from the government.

People aware of the details told ET, the Department of Telecommunications has received over Rs 13,000 crore – around Rs 9,200 crore from Bharti Airtel and about Rs 4,100 crore from Tata Teleservices. March 31 was the last day to make the payments but it being a government holiday, the companies paid the amount Monday.