Govt grants Vodafone Idea 5-year AGR moratorium, freezes dues at Rs 87,695 crore: Report
According to the latest Reuters report, India has granted Vodafone Idea a five-year moratorium on its AGR dues. According to Reuters, the relief comes months after the Supreme Court said the government could consider the company’s request for relief on its AGR liabilities.
According to Reuters, the moratorium will be applicable for a five-year period, offering near-term cash flow relief to the debt-laden operator, which has repeatedly warned that its survival hinges on government support.
