Telecos Bharti Airtel

Telecom companies were offered a four-year moratorium on their AGR dues spectrum dues up to FY17, in line with a Supreme Court order

Recently, SC had upheld the government's definition of adjusted gross revenue (AGR) and directed telecom operators to pay up the pending dues that could add up to an estimated Rs 1.33 trillion

While Vodafone Idea continued to show negative AGR growth (-6%) and Jio (9%) remained stable

The deal was made official in July this year when Bharti Airtel and Bharti Hexacom announced the merger of the consumer mobile businesses of TTSL and TTML with the two Bharti group firms

Idea Cellular was up 3% at Rs 89, while Bharti Airtel by 2% at Rs 348, against 0.25% decline Sensex