AGR curative plea dismissal: Sans relief VIL may face financial crisis in coming yrs, experts say

New Delhi: Relief on the AGR front is “crucial” for Vodafone Idea and in its absence, the telco could be staring at financial crisis in coming years once the annual spectrum and AGR payments of USD 4-5 billion per annum fall due, CLSA said on Thursday. The brokerage’s views come at a time when the Supreme Court has dismissed a batch of pleas filed by companies, including Vodafone Idea and Bharti Airtel, seeking correction of alleged computational errors in the Adjusted Gross Revenue (AGR).