Lok Sabha Question No. 140 (UNSTARRED), answered on 2022-02-02
Subject: Remaining dues from Vodafone
Ministry: COMMUNICATIONS
Asked by: S. Venkatesan

## GOVERNMENT OF INDIA MINISTRY OF COMMUNICATIONS DEPARTMENT OF TELECOMMUNICATIONS

## LOK SABHA UNSTARRED QUESTION NO. 140 TO BE ANSWERED ON 2 ND  FEBRUARY, 2022

## REMAINING DUES FROM VODAFONE

## 140. SHRI S. VENKATESAN:

Will the Minister of COMMUNICATIONS be pleased to state:

- (a) whether Vodafone has exercised option of converting its accrued interest dues into equity to the extent of 35.8 percent; if so, the details thereof;
- (b) the  remaining  dues  from  Vodafone  in  respect  of  Spectrum  and  AGR  dues  as  on 15.01.2022;
- (c) the dues of other Telecom operators in respect of Spectrum and Adjusted Gross Revenue (AGR) dues as on 15.01.2022; and
- (d) whether any other Telecom company is being offered conversion of its dues into equity and if so, the details thereof?

## ANSWER

## MINISTER OF STATE FOR COMMUNICATIONS (SHRI DEVUSINH CHAUHAN)

- (a) In response to the government's offer towards conversion of interest amount, arising out of protection of net present value on account of deferred spectrum and AGR dues, pertaining to the  moratorium  period,  Vodafone  vide  its  letter  dated  10.01.2022  has  exercised  its  option  for converting its interest liabilities into equity.
- (b) & (c ) The  remaining  dues  of  Vodafone  and  other  Telecom  operators  in  respect  of Spectrum and AGR dues as on 15.01.2022 are  enclosed as Annexure-I.
- (d) M/s Vodafone Idea Ltd. (VIL), M/s Bharti Airtel Ltd. and M/s Reliance Jio Infocomm Ltd, were given the option of moratorium for 4 years for Spectrum auction dues and converting interest amount into equity. M/s Vodafone Idea Ltd. (VIL), M/s Bharti Hexacom Ltd, M/s Bharti Airtel  Ltd.,  M/s  Reliance  Jio  Infocomm  Ltd,  M/s  Quadrant  Televentures  Ltd.,  M/s  Tata Teleservices Ltd. (TTSL) and M/s Tata Teleservices (Maharashtra) Ltd. (TTML) were given the option  of  moratorium  for  4  years  for  AGR  dues  and  converting  interest  amount  into  equity. Three (3) TSPs namely M/s Vodafone-Idea Limited, M/s Tata Tele Services Limited and M/s Tata Tele Maharashtra Limited have exercised the option for conversion of the interest liabilities into equity.

## Annexure to Unstarred Lok Sabha Question No. 140 be answered on 02.02.2022 Details of total AGR dues and payments of major telecom operators

| Sr. No   | Name of the company           | (I) Dues as per the Hon'ble Supreme Court order dated 01.09.2020 (Rs. Cr.)   | (II) Total Payment received till date (Rs. Cr.)   | (III) Out- standing Payable (Rs. Cr)   |
|----------|-------------------------------|------------------------------------------------------------------------------|---------------------------------------------------|----------------------------------------|
| 1        | BHARTI AIRTEL GROUP           | 43,980.00                                                                    | 18,004.00                                         | 25,976.00                              |
| 2        | TELENOR INDIA PVT. LTD.       | 43,980.00                                                                    | 18,004.00                                         | 25,976.00                              |
| 3        | IDEA CELLULAR LTD.            | 58,254.00                                                                    | 7,854.37                                          | 50,399.63                              |
| 4        | VODAFONE GROUP OF COMPANIES   | 58,254.00                                                                    | 7,854.37                                          | 50,399.63                              |
|          | VODAFONE IDEA LTD             | 58,254.00                                                                    | 7,854.37                                          | 50,399.63                              |
| 5        | TATA GROUP OF COMPANIES       | 16,798.00                                                                    | 4,197.37                                          | 12,600.63                              |
| 6        | QUADRANT TELEVENTURES LIMITED | 189.91                                                                       | 19.73                                             | 170.18                                 |
| 7        | RELIANCE JIO INFOCOMM LTD     | 70.53                                                                        | 195.18                                            | -------                                |
|          | Total                         | 119292.44                                                                    | 30270.65                                          | 89146.44                               |

Note:  Demand  Drafts  amounting  to  Rs.  62.90  Cr.  have  been  received  from  M/s  Hughes Communications India Pvt. Ltd

## Deferred Spectrum Dues

| Telecom Operator          | Total Amount of Dues (Rs. Cr.)   | Payment schedule                                               |
|---------------------------|----------------------------------|----------------------------------------------------------------|
| VODAFONE IDEA LTD         | Rs. 2,02,257                     | To be paid in annual instalments from FY 2023-24 to FY 2038-39 |
| BHARTI AIRTEL GROUP       | Rs. 101,828.75                   | -do-                                                           |
| RELIANCE JIO INFOCOMM LTD | Rs. 73,958.73                    | -do-                                                           |

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