Industry

Clear revenue share dues as per SC order: DoT to telecom operators

Representational image. File

Representational image. File   | Photo Credit: Reuters

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The DoT has given the option to telecom operators to clear all the dues on a self-assessment basis

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source. The DoT has given the option to telecom operators to clear all the dues on a self-assessment basis.

The Supreme Court in its last month’s ruling said, “We give three months’ time to deposit the amount, which is due and compliance be reported.”

"You are therefore directed to make the payment in accordance with the order of the Hon’ble Supreme Court dated October 24, 2019 and submit the requisite documents to ensure the compliance within the stipulated timeframe,” said a notice received by the source.

According to an internal estimate prepared by the DoT, total dues on the telecom service providers arising out of SC order are around ₹1.33 lakh crore.

As per DoT’s estimate, liability of Bharti Airtel Group is ₹62,187.73 crore, Vodafone Idea ₹54,183.9 crore and BSNL and MTNL ₹10,675.18 crore. Companies under insolvency like Reliance Communications and Aircel have dues outstanding worth ₹32,403.47 crore and companies under liquidation ₹943 crore.

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Printable version | Dec 13, 2019 6:29:03 AM | https://www.thehindu.com/business/Industry/clear-revenue-share-dues-as-per-sc-order-dot-to-telecom-operators/article29964637.ece

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