Vodafone Idea says ‘no communication yet’ on media reports of govt weighing Rs 1 lakh crore AGR dues waiver

Telecom major Vodafone Idea issued a clarification on media reports stating that the government is mulling a proposal to waive 50 per cent of interest and 100 per cent of penalties and interest on penalties that make up the Adjusted Gross Revenue (AGR) dues levied on Vodafone Idea and Bharti Airtel.

In a regulatory filing, Vodafone Idea said, “This is with reference to the news article appeared in Mainstream Media on 18 January 2025, titled “In Big Relief to Telcos, Govt weighs over Rs 1 lakh crore AGR dues waiver” and the consequent material price movement in the Scrip of the Company today i.e. on 20 January, 2025.