Vodafone Idea reopens AGR dues talks with Indian government, aims to fund Rs 35,000 crore debt in two months.

Vodafone Idea (Vi) has reopened discussions with the Indian government regarding its adjusted gross revenue (AGR) dues after an unfavorable Supreme Court ruling. The company aims to complete debt funding of approximately Rs 35,000 crore (~$4.7 billion) within two months, reducing its bank debt to Rs 4,800 crore (~$635 million). Despite the AGR challenges, Vi's long-term strategy remains intact as it plans to expand 4G coverage to 1.2 billion users.

September 23, 2024
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