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What was the Supreme Court's stance on the definition of Adjusted Gross Revenue (AGR) as upheld in its 2019 ruling?
  • a)
    AGR should only include revenue from core telecom services.
  • b)
    AGR should encompass all sources of revenue, including non-telecom income.
  • c)
    AGR calculations should be based solely on international standards.
  • d)
    AGR is not relevant for calculating telecom dues.
Correct answer is option 'B'. Can you explain this answer?
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What was the Supreme Court's stance on the definition of Adjusted Gros...
The Supreme Court ruled in 2019 that Adjusted Gross Revenue (AGR) should include all sources of revenue earned by telecom companies, which means it encompasses not only income from core telecom services but also revenue from non-telecom activities like interest and dividends. This ruling significantly increased the financial liabilities of telecom operators, leading to massive dues and prompting discussions about the sustainability of their business models. An interesting fact is that this ruling has had far-reaching effects on the telecom industry, resulting in considerable market consolidation.
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What was the Supreme Court's stance on the definition of Adjusted Gross Revenue (AGR) as upheld in its 2019 ruling?a) AGR should only include revenue from core telecom services.b) AGR should encompass all sources of revenue, including non-telecom income.c) AGR calculations should be based solely on international standards.d) AGR is not relevant for calculating telecom dues.Correct answer is option 'B'. Can you explain this answer?
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