Banks to review Vodafone Idea funding plan after AGR relief
Banks are taking a fresh look at lending to Vodafone Idea after the government's relief on adjusted gross revenue (AGR) dues. Lenders had largely stayed away from new exposure to the telecom operator, citing its heavy statutory liabilities, including deferred spectrum payments and AGR dues, along with weak cash flows and concern over its ability to repay additional debt.
The AGR relief package has eased some of that pressure, prompting banks to reassess funding proposals and revival plans tied to the company. Any new lending is likely to hinge on clearer visibility of Vodafone Idea’s long-term viability, including how it manages remaining dues, improves operations, and sustains its ability to service existing and future loans.
More from Business
Veon has announced several senior management changes aimed at tightening execution in its operating markets and accelerating its push into digital and...
Samsung is shifting part of its screen sourcing for mid-range phones from its in-house display arm to a Chinese supplier. A report from Korea says Sam...
Fixed wireless provider Rise Broadband has changed its name to Rise Internet and updated its logo. According to the company, the rebrand is meant to u...
At MWC Barcelona 2026, Deutsche Telekom IoT executive Benjamin Bastians told Capacity TV that companies can no longer treat IoT connectivity as a back...
xAI has lost co-founder Zihang Dai, according to multiple US media reports, adding to a series of senior exits from Elon Musk’s AI start-up. Another c...
MTN Group says it has swung back to profit for the 2025 financial year and now serves more than 300 million customers across its markets. The operator...