Agr

Analysts said such relief could unlock a fresh equity raise, dilute the government’s 49% stake, and open the door for further debt-to-equity conversion, setting off a chain of positive developments for the telecom operator.

Vodafone Idea files amended petition, seeks waiver of interest, penalty on AGR dues in Supreme Court

During last week’s hearing, the Centre said it does not oppose VIL’s plea on adjusted AGR dues but noted that a solution was needed since the government is also an equity holder in the company.

Vodafone Idea eyes non-bank funds, urges Centre to settle AGR dues to enable bank’s support by March

Outgoing CEO Akshaya Moondra's comments come days after Moneycontrol exclusively reported that Vodafone Idea has entered in early discussions with private credit funds including Davidson Kempner, Oaktree and Värde Partners to raise a small tranche of debt.

Despite continued reliefs Vodafone Idea has been unable to stabilise

Vodafone Idea, born from a high-stakes merger in 2018, was once expected to dominate India’s telecom market. Today, it teeters on the edge of collapse, burdened by mounting debt, subscriber losses, and a harsh Supreme Court ruling

Telecom minister Scindia rules out any more govt relief for Voda Idea: Report

Jyotiraditya Scindia said that Vodafone Idea won’t be bailed out further through the equity conversion route

Vodafone Idea shares jump 20% as government converts Rs 36,950 crore dues into equity

The Government of India's shareholding in Vodafone Idea will increase from 22.6 percent to 48.99 percent following the conversion of dues into shares worth Rs 36,950 crore.

AGR case explained: SC’s final call and what it means for Vodafone Idea, Airtel

With the dismissal of the review petitions, telecom companies have exhausted their legal options to challenge the AGR dues. Although a curative petition could still be filed, its chances of success are minimal. Hence, operators are now seeking a new relief package from the government.

SC junks final AGR plea: With all legal options closed, govt relief now telcos’ only hope

Now, telcos have no other option but to rely on the government for another relief package. Moneycontrol reported on January 18 that the government is considering proposals to relax AGR dues, which could significantly reduce the financial burden on telcos

Vodafone Idea CEO confident of AGR solution, resumes debt-funding talks with banks

Vodafone Idea, says Akshaya Moondra, has restarted discussions with banks for debt-funding but banks are also looking at some clarity on the AGR front and final position of the government.

After telcos, govt working on relief package for non-telcos' AGR dues: Report

As per the report, this relief for non-telcos will be the part of the relief package for telcos and is likely to be announced soon, probably in the Union Budget.

Want to bring down call drop rate to below 1-1.5%: Telecom Minister Jyotiraditya Scindia

Govt will start with a quarterly monitoring system, followed by monthly monitoring to bring down the call drop rate to below 2 percent and further to 1-1.5 percent, says Scindia

Govt assessing impact of SC’s rejection of telcos’ curative petition: Telecom Minister Scindia

Scindia previously told Moneycontrol the government wouldn't interfere in Vodafone Idea's operations, in which the Centre owns a 23.8 percent stake.

Vodafone Idea in talks with Centre on AGR dues; expects debt funding to conclude in next 7-8 weeks: Akshaya Moondra

Moondra was speaking during an investors call a few days after Supreme Court rejected 19 petitions filed by 19 telecom operators, including Bharti Airtel and Vodafone Idea, for the re-calculation of adjusted gross revenue (AGR) dues

Telcos dispute over AGR resurfaces at SC with a judgment and curative petition

On October 10, telcos sought an urgent hearing of their curative petitions challenging certain specific portions of the 2019 judgment on Adjusted Gross Revenue (AGR).

Vodafone Idea warns of existential threat due to AGR penalty and interest in SC curative petition

VI has also contended that penalty and interest on penalty are more than the principle amount itself.

Telecom services' AGR rises sequentially to Rs 64,494 crore in March quarter, says TRAI

The adjusted gross revenue increased 9.5 per cent over the corresponding period of the previous year.

Govt spectrum usage charge collection halves to Rs 811 crore, AGR up 14% in December quarter

The telecom service provider paid Rs 1,760 crore as spectrum usage charge in December 2021 quarter, according to performance indicator report released by the Telecom Regulatory Authority of India (Trai).

Vodafone Idea defers Rs 8,837 crore AGR dues payment, gets option to pay interest via equity

The company in a late night filing on June 22, said that the DoT on June 15, has raised adjusted gross revenue (AGR) demand for additional two financial years beyond 2016-17, which were not covered under the Supreme court order on the statutory dues.

Govt examining proposals from 3 telcos keen to covert pending dues into equity: Telecom Minister tells Rajya Sabha

The minister -- responding during Question Hour to a query if the government has any equity in private telecom firm Vodafone -- said a one-time option was given to telecom companies to either pay upfront the interest on AGR dues or convert it in the form of equity in lieu of that as part of the structural reforms announced in September last year.

Government support a good start for Voda Idea, but not enough: Deutsche Bank analyst

Many investors fear that there could be an attempt to merge the state-run MTNL and BSNL with Vodafone, says Peter Milliken

Govt to own a third in Vodafone Idea, shares crash as questions remain

As of March 2021, the company’s total debt stood at Rs 1.80 trillion. The shares of Vodafone Idea cracked 14 percent in early deals

Vodafone-Idea reports Rs 7,319.1 crore loss in Q1 of FY 2021-22

Vi in its quarterly report (April-June 2021) stated that the revenue declined by 4.7 percent QoQ to Rs 91.5 billion on account of slowdown in economic activities due to lockdown/restrictions in several districts during the severe second wave of COVID-19.

Vodafone Idea: How will banks get impacted in the event of a default?

Larger banks may not have to worry much because as a percentage of their books, the exposure is not very high. Also, most banks had started preparing for the potential default by providing for likely losses from VI.

Centre preparing relief package for telcos, won't respond to KM Birla’s proposal: Report

The telecom department is firming up a relief package for the sector, one official said

Kumar Mangalam Birla ready to hand over Vi stake to govt entity

Kumar Mangalam Birla has written to the government that Vodafone-Idea was yet to approach any Chinese investors. He said that foreign investors wanted to see a clear government intent to have a three player telecom market.