Vodafone Idea may get decade-long relief as AGR dues face review
Vodafone Idea could get 10 years of breathing room on its adjusted gross revenue (AGR) payments, with officials indicating the government is willing to stretch out the repayment window to support the stressed telecom operator.
The company previously asked the Supreme Court for time until FY41 to clear its AGR dues. Now, a government review of Vodafone Idea’s AGR liability, currently assessed at about ₹87,000 crore, may cut that amount roughly in half, according to people familiar with the matter. One official said the extended timeline is meant to give the operator space to stabilise its finances and continue operations while the reassessment and repayment plan take shape.
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...
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...
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...
Meta is preparing to cut about 20% of its workforce, or roughly 16,000 jobs, according to Reuters sources. If confirmed, this would be the company’s l...
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...
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...