Telecom sector underneath stress for three-and-a-half years; govt must give attention to trade’s sustainability: Sunil Mittal
New Delhi: Bharti Airtel boss Sunil Bharti Mittal on Wednesday mentioned the telecom sector has been underneath stress for the final three-and-a-half years and the federal government ought to give attention to its sustainability.
Sunil Bharti Mittal to reporters after assembly with the Finance Minister: Responding to the Supreme Court docket judgment on AGR dues. Have made our funds, working to calculate the remaining AGR legal responsibility#AGR #AdjustedGrossRevenue #Telecom #telcos pic.twitter.com/fttceL0UpQ
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Rising out of the North Block after assembly prime finance ministry officers, he informed reporters that the difficulty of pending dues arising out of the Supreme Court docket ruling on Adjusted Gross Income (AGR) was not mentioned.
The telecom trade, he mentioned, is significant to the nation and the digital agenda of the federal government.
“The only thing government needs to do is to focus on how to ensure sustainability of the sector,” he mentioned with out elaborating.
He mentioned Airtel has already introduced its plans to pay the dues that arose from the apex court docket ruling.
The corporate has paid Rs 10,000 crore out of its estimated legal responsibility of over Rs 35,000 crore.
Mittal, who had first met the telecom secretary previous to going to the finance ministry, mentioned the corporate is calculating its legal responsibility.
Vodafone Thought Chairman Kumar Managalam Birla, who had met the telecom secretary on Tuesday, additionally met finance ministry officers.
It was not clear in the event that they met the officers collectively or individually.
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