Tata Teleservices Pays Rs 2,197 Crore To Settle AGR Dues With Telecom Department
Tata Group firm Tata Teleservices Ltd. on Monday said it has paid Rs 2,197 crore to the government’s Department of Telecommunications as adjusted gross revenue dues.
"Tata Teleservices Ltd. and Tata Teleservices (Maharashtra) Ltd. have made a payment of Rs 2,197 crore to the Department of Telecommunications (DoT) towards licence fee and spectrum usage charges," it said in a statement.
The payment is to settle all its AGR dues outstanding.
"Tata Teleservices Ltd. and Tata Teleservices (Maharashtra) Ltd. have also submitted to DoT the details of calculations in support of the payment," it said.
Bharti Airtel Ltd. had on July 1, 2019, completed the acquisition of Tata Teleservices' consumer mobile business in 19 telecom services.