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Airtel’s chief regulatory officer quits

Ravi Gandhi, Bharti Airtel's chief regulatory officer, stepped down from his position, according to a report published by Economic Times on January 23. Bharti Airtel confirmed this development to MediaNama but refused to make further comments. The move comes at a time when the company is expected to pay the telecom department over Rs 35,000 crore in Adjusted Gross Revenue (AGR) related dues. As per the Economic Times, Gandhi is currently serving his notice period and will leave in early March. Prior to his role with Airtel, he had served positions in Reliance Communications as well as the government. Airtel in troubled waters Last week, Airtel had expressed their disappointment with the Supreme Court's dismissal of review petitions filed by telcos including Vodafone Idea and Bharti Airtel, which sought relief from the apex court’s earlier judgement on the payment of adjusted gross revenue (AGR). Airtel told MediaNama that it was evaluating filing a curative petition against the apex court’s decision. The company had posted a huge loss of Rs 23,045 crore in Q2FY20, and had said that the apex court’s AGR verdict had “significant financial implications on the company”. Without the SC verdict, Airtel’s loss for Q2FY20 would have been Rs 1,123 crore. It is, however, worth mentioning that earlier this year, shareholders of Bharti Airtel gave it the green light to raise up to Rs 21,000 crore, which will help the company in paying outstanding dues. SC’s AGR verdict: On October 24, 2019, the Supreme Court had ordered telecom companies to include non-core…

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