Relief for Vi as dues frozen at Rs.744 crore
new delhi, Jan. 10 -- In a relief to Vodafone Idea, the department of telecommunications (DoT) has frozen the stressed telecom company's adjusted gross revenue (AGR) dues, including the principal, interest and penalties, as of December end.
Based on the freeze, the telecom operator's annual outgo towards AGR payments over the next six years from March 2026 to March 2031 would be at Rs. 744 crore, a maximum of Rs. 124 crore per year.
The company's AGR dues for the period FY06-07 to FY18-19 were at Rs.87,695 crore, as of 31 December.
In an exchange filing on Friday, Vodafone Idea said it will also have to pay Rs.100 crore annually over four years, from March 2032 to March 2035. "The remaining AGR dues have to be paid in equal instalments annu...
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