Relief measures post AGR debacle; Rs 25,000 crore bank guarantee waiver for Vi on cards

The government has set the ball rolling for providing some relief to Vodafone Idea after the Supreme Court dismissed its curative plea on re-computation of the adjusted gross revenue dues.

Official sources said as part of the relief measures, the company may be exempted from furnishing a financial bank guarantee of about Rs 25,000 crore for spectrum purchased before 2022 auctions. The company was required to submit this in lieu of spectrum payment a year before the moratorium on AGR and spectrum dues expires in September 2025.