New Delhi: Bharti Airtel has paid Rs 1,950 crore of spectrum installment dues to DoT. Reliance Jio has also paid Rs 1,053 crore. Sources gave this information on Tuesday.
The telecom companies have been allowed by the government to pay the spectrum purchased in the auction in installments over a long period. This is different from outstanding telecom companies’ adjusted gross revenue (AGR) liability. Sources said that while Bharti Airtel has paid Rs 1,950 crore of spectrum dues to DoT, Reliance Jio has paid Rs 1,053 crore.
Apart from these, Vodafone Idea has also paid Rs 3,043 crore for the installment of spectrum. This will be the last installment of spectrum dues by telecom companies. The Union Cabinet last year approved a two-year exemption on spectrum payments. That is, telecom companies will not have to pay the backlog of spectrum for two years.
