Bharti Airtel to opt for 4-year moratorium on AGR, spectrum dues

Bharti Airtel, in a response to the telecom department's letter, has confirmed that it will be opting for the four-year moratorium on Adjusted Gross Revenue (AGR) and spectrum dues. On the issue of conversion of interest on moratorium dues to equity, the company had not taken a call on it, and would revert to the department at a later date.

The Department of Telecommunications (DoT) had written a letter last week asking telecom companies whether or not they would be opting for the four-year moratorium on AGR and spectrum dues.

CNBC-TV18 has learnt that Bharti Airtel has replied to the DoT confirming they would be opting for the four-year moratorium. It added, that the move is a much-needed help to Bharti Airtel; that the company requires the time, and that it would be opting for the moratorium for both AGR and as well as spectrum dues.