Planned AGR relief will help Vodafone Idea raise debt but cash flows to stay negative: Analysts

The Centre’s proposal to waive off adjusted gross revenue (AGR)-related dues of telecom companies will reduce Vodafone Idea’s (Vi’s) AGR liabilities sharply and help successfully complete its debt raising plans, said analysts. They, however, pointed out that Vi’s net debt would still remain at elevated levels due to large payments for its spectrum dues that are not part of the proposed package.