30/09/2024
Big Burden on TELECOM Companies
- Feb 21 ,2020
- by admin
- Goldmine Update
The upcoming spectrum auctions would generate Rs 40000-50000 crores as upfront revenue and along with the license fee of Rs 20000-25000 crore and spectrum usage charge, the government would fetch around Rs 75000 crores. The Government has budgeted 1.33 lakh crores for 20-21. It means the government is factoring in AGR dues of close to Rs 58000 crores. That is going to be a big burden on telecommunication companies in a single year.