NEW DELHI: Debt-laden telecom operator Vodafone Idea<\/a> today informed the Supreme Court<\/a> that over Rs 1 lakh crore of equity brought in by promoters has been eroded.

“We have submitted financial documents like income tax returns. Over the last 15 years, the entire net-worth of the company has been wiped out,” Vodafone Idea said in its submission before the Supreme Court on Monday.

On Saturday, the telecom operator said it paid an additional Rs 1,000 crore to the government towards the statutory dues.

After the latest payment for adjusted gross revenue (
AGR<\/a>) dues, VIL has to pay around Rs 51,400 crore of dues to the government.

During the hearing, Vodafone Idea's representative said that the telco has spent whatever it earned as cost to run the telecom infrastructure, reiterating its inability to pay
AGR dues<\/a> immediately.

The company said revenue worth Rs 4.95 lakh crore out of Rs 6.27 lakh crore has been used for operational cost. It further said all of its tangible assets are secured with banks and no lender is willing to lend it more.

In reply to
apex court<\/a>’s question on why the company did not provide for AGR dues, the company said that was because of the reason that Telecom Tribunal<\/a> had awarded the case in its favour.

Casting doubt on the future ability to pay the dues, apex court said it finds it difficult to rely in the company.

The Department of Telecommunications (DoT) has been pushing mobile phone operators like Bharti Airtel and Vodafone Idea to make some upfront payment towards their balance AGR dues, before being allowed to stagger the rest over several years, senior officials said.

Both telcos, specially VIL, had told the government and the courts that they had paid whatever they could as upfront payment.

Airtel has paid Rs 18,000 crore so far and has a balance amount of Rs 25,980 crore to be paid to DoT .


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沃达丰主意SC: 1十万的卢比的股权带来的推动者清场

“我们已经提交财务文件像所得税申报表。在过去的15年里,整个公司的净值已经荡然无存,“负债累累的电信公司在法庭上说,由电信运营商提供听力请求救济的AGR的问题。

  • 更新于2020年7月20日下午08:39坚持
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新德里:负债累累的电信运营商沃达丰的想法今天通知最高法院,超过十万的1卢比的股票带来的推动者被侵蚀。

“我们已经提交财务文件像所得税申报表。在过去的15年里,整个公司的净值已经消灭,沃达丰的想法说的最高法院周一之前提交。

周六,电信运营商表示,支付额外的1000卢比用于政府对法定会费。

最新的付款调整后总收入(AGR)会费,维尔不得不支付大约51400卢比的税给政府。

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在听证会上,沃达丰的想法代表说,电信花了不管它赢得了电信基础设施运行成本,重申其无力支付AGR费立即。

该公司表示收入价值十万的4.95卢比的6.27十万的卢比已经用于运营成本。进一步说,所有的有形资产担保与银行没有银行愿意借钱给它。

在回复顶点法院的问题为什么AGR费的公司没有提供,该公司表示,因为的原因电信法庭获得支持的情况下。

怀疑在未来支付能力会费,顶端法院说它发现很难在公司的依赖。

电信部门(点)一直在推动移动电话运营商Bharti Airtel和沃达丰的想法做一些前期付款对资产AGR费,之前被允许错开其余在过去的几年里,高级官员说。

电信公司,专门维尔,告诉政府和法院,他们支付了任何他们可以提前付款。

Airtel 18000卢比,到目前为止,有一个平衡的25980卢比支付点。

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  • 发布于2020年7月20日下午03:38坚持
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NEW DELHI: Debt-laden telecom operator Vodafone Idea<\/a> today informed the Supreme Court<\/a> that over Rs 1 lakh crore of equity brought in by promoters has been eroded.

“We have submitted financial documents like income tax returns. Over the last 15 years, the entire net-worth of the company has been wiped out,” Vodafone Idea said in its submission before the Supreme Court on Monday.

On Saturday, the telecom operator said it paid an additional Rs 1,000 crore to the government towards the statutory dues.

After the latest payment for adjusted gross revenue (
AGR<\/a>) dues, VIL has to pay around Rs 51,400 crore of dues to the government.

During the hearing, Vodafone Idea's representative said that the telco has spent whatever it earned as cost to run the telecom infrastructure, reiterating its inability to pay
AGR dues<\/a> immediately.

The company said revenue worth Rs 4.95 lakh crore out of Rs 6.27 lakh crore has been used for operational cost. It further said all of its tangible assets are secured with banks and no lender is willing to lend it more.

In reply to
apex court<\/a>’s question on why the company did not provide for AGR dues, the company said that was because of the reason that Telecom Tribunal<\/a> had awarded the case in its favour.

Casting doubt on the future ability to pay the dues, apex court said it finds it difficult to rely in the company.

The Department of Telecommunications (DoT) has been pushing mobile phone operators like Bharti Airtel and Vodafone Idea to make some upfront payment towards their balance AGR dues, before being allowed to stagger the rest over several years, senior officials said.

Both telcos, specially VIL, had told the government and the courts that they had paid whatever they could as upfront payment.

Airtel has paid Rs 18,000 crore so far and has a balance amount of Rs 25,980 crore to be paid to DoT .


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