Vodafone Idea Looking for an Instant Relief from Government Ever since the Supreme Court decision on AGR dues made in October 2019, rumours regarding Vodafone exiting the Indian market were making rounds on the web. Vodafone firmly said that it would not exit the Indian market, but sought immediate relief from the government. Vodafone Group Plc. Still says terms of the outlook of Vodafone Idea in India as critical. The government did not provide any relief to Vodafone Idea as of now, but Trai is in the process of implementing floor pricing. In its earnings release, Vodafone said, “VIL is actively seeking various forms of relief from the Indian Government to ensure that the rate and level of payments it makes to the Indian Government is sustainable and it can meet its other commitments as they fall due.” It will be interesting to see how the government provides relief to Vodafone Idea. The telcos are already battling it out in the Supreme Court regarding AGR dues. Spreading AGR Dues Payment Over Several Years Will Come as a Relief to Vodafone Idea As you might be aware of already, Vodafone Idea is eagerly waiting for the Supreme Court decision on the modification of the earlier judgement. Airtel, Vodafone Idea and other telcos filed a modification petition in the Supreme Court, and VIL wants the government to provide a favourable decision. If the Supreme Court decides to allow AGR dues clearance over several years, it will be a welcome move for Vodafone Idea. Vodafone Idea, Bharti Airtel and Tata Teleservices will combinedly have to pay over Rs 1.02 lakh crore to DoT.
