Vodafone Idea's ghost of dues is back to haunt struggling telco
WEB1 day ago · Vodafone Idea’s AGR dues were estimated to plunge almost 46% to around Rs 38,400 crore if it had got relief on its curative petition filed in the Supreme Court, as per analysts. Analysts had estimated that a near 50% cut in the company's AGR liability could reduce its upcoming annual payments by around Rs 6,500 crore after the current ...
Vodafone Idea calls urgent investor meeting after AGR ruling …
WEB14 hours ago · Vodafone Idea, a joint venture between the UK’s Vodafone Plc and India’s Aditya Birla Group, has been grappling with a monumental financial burden. As of March 31, 2024, the company owes a staggering Rs 2,03,430 crore to the government, including Rs 1,33,110 crore in deferred spectrum payments and Rs 70,320 crore in AGR liabilities.
Big blow for telcos as SC rejects AGR re-computation plea; Vi …
WEB1 day ago · Vodafone Idea's burden has now increased to Rs 70,320 crore as of FY24. The Supreme Court on Thursday rejected a batch of pleas by various telecom companies including Vodafone Idea and Bharti Airtel, in the re-computation of Adjusted Gross Revenue (AGR) case. The curative petitions by Indian …
AGR ruling setback: Vi calls investor meet on Monday
WEB5 hours ago · Once the moratorium on AGR and spectrum dues ends in September 2025, Vodafone Idea will need to pay Rs 29,100 crore by the end of March 2026, and Rs 43,000 crore annually from FY27 till FY31.
SC rejects telecom firms' pleas in AGR case; Vi shares plunge 10%
WEB1 day ago · The Supreme Court’s rejection of the curative plea is a severe blow to Vodafone Idea. In 2019, the apex court confirmed the AGR demand raised by the DoT, imposing a financial burden of Rs 58,000 crore on Vi. With the addition of interest, this liability has escalated to Rs 70,320 crore as of the end of FY24.
SC rejects telecom firms' pleas on AGR case, Vodafone Idea …
WEB1 day ago · In a report, investment banking group Macquarie said while Vodafone’s tariff outlook had been improving, without AGR concessions, it would take the company 25-30 years to organically pay back its obligations. Even then, the average revenue per user would need to rise at a compound annual growth rate of 15 per cent, it said.
SC rejects Vodafone, Airtel curative petition hearing; ₹1.47 ... - Mint
WEB1 day ago · As per the 2019 order of the SC, against which the curative petitions were filed, Vodafone Idea and Bharti Airtel were supposed to have paid ₹ 1.47 trillion in AGR dues to the government. The ...
Vodafone Idea shares fall most since January 2022 after AGR dues ...
WEB1 day ago · Shares of Vodafone Idea have declined as much as 6% on Thursday after the Supreme Court upheld the Adjusted Gross Revenue ruling against the telecom companies and upheld the quantum of the AGR demand. Vodafone Idea's AGR dues currently stand at ₹70,300 crore. This is a developing story. Shares …
Setback For Vodafone Idea As Supreme Court Rejects Telcos' Plea For AGR ...
WEB1 day ago · The Supreme Court of India. (Photo: Reuters) The Supreme Court on Thursday rejected telecom operators' plea seeking a re-computation of their adjusted gross revenues. Vodafone Idea, Bharti Airtel and various other telcos had filed curative pleas against the 2019 top court verdict in the case. The telecom operator alleged that there is a grave ...
AGR dues: SC to hear Bharti Airtel, Vodafone Idea’s curative pleas ...
WEBAug 30, 2024 · The Supreme Court of India (SC) will today (August 30) hear curative petitions filed by telecom giants Bharti Airtel and Vodafone Idea in the adjusted gross revenue (AGR) case, NDTV Profit...
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