Reasons for Contrasting Estimates for AGR Dues As per the DoT, the total dues which are to be paid by Vodafone Idea have been estimated to be Rs 53,000 crore, whereas, for Bharti Airtel, these dues have been estimated to be Rs 37,700 crore counting the dues to be paid by Telenor as well. As opposed to this, the Bharti Airtel’s estimate of the dues to be paid stands at Rs 13,004 crore and that of Vodafone Idea stands at Rs 21,533 crore. According to the analysts, the two telecom companies, Vodafone Idea and Bharti Airtel were compelled to take a conservative stance, and this happened because the two companies did not get ample time to calculate their dues payable. Kotak Institutional Equities remarked about this, “path forward could involve an independent audit by the CAG (Comptroller and Auditor General) and/or one of the Big 4 auditing firms, assuming the Supreme Court sees the telcos’ efforts (part/ad-hoc payments) as bona fide and allows an (AGR) dues reconciliation exercise.” Bharti Airtel Pays All of AGR Dues As per ICICI Securities, any accrual deduction was disallowed by the DoT for working out AGR thus increasing the amount. Other factors which led to the higher figures by the DoT was the unavailability of the proper IUC payout documentation. Some revenue lines might also have found duplication in the estimates, thereby causing this difference in the two estimates. Until now, Bharti Airtel has paid Rs 18,004 crore towards the pending dues adding Rs 5,000 crore on top as ad-hoc payment. Whereas, Vodafone Idea has paid around Rs 3,500 crore and is on the lookout to arrange another Rs 3,500 crore to pay to the DoT.
