Bharti Airtel, along with Vodafone Idea has been hit by the Supreme Court’s order on adjusted gross revenue. The telecom major addressed investors today on the issue.

The management hopes that the government will be able to help them out.

“Hope the government will take a balanced approach on the AGR matter for long-term viability,” said the management.

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The government has formed a committee of secretaries to look into the issue.

“We are awaiting the outcome of the committee of secretaries formed to consider relief. We would not like to speculate on the committee's recommendations.” said the Bharti management.

The Supreme Court last week upheld the government's definition of revenue on which it calculates levies on telecom operators, dealing a Rs 92,000 crore blow to an industry already reeling from a collapse in tariffs and mounting debt.

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The top court rejected the definition of adjusted gross revenue (AGR) proposed by telecom operators. Operators had excluded revenue from non-core telecom operations such as rent, dividend, and interest income, marking the end of a 14-year-long legal tussle between the DoT and operators

First Published:Oct 30, 2019 3:15 PM IST