AIRTEL MOVES SC ON AGR REVIEW

Bharti Airtel is the second telco to move the Supreme Court with a review petition on the adjusted gross revenue (AGR) matter. The company has sought correction of arithmetical errors in calculations linked to AGR. Earlier this month, debt-laden Vodafone Idea had moved the top court with a similar plea seeking a review of SC’S July 23 order. The court had dismissed the petitions of telecom firms in July. This comes at a time when the Centre is working on a relief package for the telecom sector. The worst hit is Vodafone Idea, which is facing an accumulated debt of ~1.8 trillion.