Vodafone Idea AGR dues cut to ₹64,046 crore; spectrum burden persists

Vodafone Idea received a significant reprieve on Thursday as the government slashed the cash-strapped telecom firm’s adjusted gross revenue (AGR) dues by ₹23,600 crore to ₹64,046 crore, as of December-end, providing a measure of certainty that could help unlock critical bank financing.

AGR is the revenue base used to calculate licence fees that the telecom operators need to pay the government.