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Vodafone Idea (Vi)'s financial health looks set for significant improvement, if local press is to be believed. According to an Economic Times report, the government is considering a four-to-five year, interest-free moratorium on the telco's adjusted gross revenue (AGR) liabilities, which today stands at a hefty 830 billion rupees (approximately $9.2 billion at current exchange rates), straining Vi's finances to their limit. Even more good news, the government is also reportedly mulling whether ...Read More >
Vodafone Idea share price: Vodafone Idea has approached the Supreme Court to quash the DoT's Rs 9,450 crore AGR demand, citing inconsistencies with earlier guidelines. The telco also seeks reassessment of dues up to FY17. Vodafone Idea shares will be in focus on Monday, October 6, as the Supreme Court is scheduled to hear the telecom operator's plea seeking quashing of the Department of Telecommunications' (DoT) additional adjusted gross revenue (AGR) demand amounting to Rs 9,450 crore. The te ...Read More >
New Delhi: Cash-strapped Vodafone Idea (Vi) has filed a plea in the Supreme Court, seeking waiver from paying interest, penalty and interest on penalty on adjusted gross revenue (AGR) dues demand raised by the Department of Telecommunications (DoT). Vi, in its application, has sought to amend its previous petition that sought quashing of the DoT's additional AGR demand of ₹9,450 crore till FY19. The amended application is now seeking exemption from the payment of interest, penalty and interest ...Read More >
New Delhi: Cash-strapped Vodafone Idea (Vi) has filed a plea in the Supreme Court, seeking waiver from paying interest, penalty and interest on penalty on adjusted gross revenue (AGR) dues demand raised by the Department of Telecommunications (DoT). Vi, in its application, has sought to amend its previous petition that sought quashing of the DoT's additional AGR demand of Rs 9,450 crore till FY19. The amended application is now seeking exemption from the payment of interest, penalty and interes ...Read More >
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