COAI urges licence fee cut, warns telcos face double burden of AGR payments

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COAI, whose members include Reliance Jio, Bharti Airtel and Vodafone Idea, said payments charged on the basis of the AGR (Adjusted Gross Revenue) from telcos, ends up being a "double whammy" for players, who, as it is, incur huge investments towards procuring the spectrum.

Telecom industry body COAI on Thursday sought abolition or reduction of AGR-related fees for telcos at the earliest and pitched for lowering licence fee to 0.5-1 per cent of gross revenues.

COAI argued that with the separation of spectrum from the license and its assignment at market price, the justification for imposing licence fee had ceased to exist long back.

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Category: BusinessFinance

Markets: India

Topics: Telecom industry Telecom revenue India digital economy Telecom service providers Telecom growth Reliance Jio Digital inclusion AGR fees SP Kochhar National Telecom Policy Vodafone Idea 5G India Telecom regulation Telecom sector Spectrum auction COAI Bharti Airtel Telecom investments Licence fee reduction Telecom policy Telecom taxes

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 17:19:26 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 616 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 39 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23223395

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