4 months ago
1
Vodafone Idea (VI) laid retired a repayment docket for its adjusted gross revenue (AGR) dues, capping yearly payments astatine $13.79 cardinal for the adjacent six years, easing near-term currency travel unit without reducing header liabilities.
On December 31, the Indian authorities approved a partial moratorium connected the telecoms company’s dues, freezing $9.76 cardinal successful payments and deferring repayments to the 2030s. At the time, VI had said it had not received immoderate connection astir the measure.
The telecom operator, successful which the Indian authorities holds a 49% stake, said successful a connection on Friday (January 9, 2026) that aft the archetypal six years, the yearly payout volition beryllium capped astatine 1 cardinal rupees for the pursuing 4 years done March 2035, with the remaining equilibrium to beryllium paid successful adjacent yearly instalments implicit the consequent six years.
Telecom operators, including VI, person agelong contested the Indian government’s method of calculating AGR, which determines the licence fees and different dues.
($1 = 89.8910 Indian rupees)
