Vodafone Idea taps Centre for relief of Rs 70,000 crores for dues on adjusted gross revenue

Debt-ridden Vodafone Idea has approached the government for relief on ₹70,000-crore adjusted gross revenue (AGR) dues after the Supreme Court rejected its curative petition for correction in the calculation of the statutory dues and waiver of penalty and interest thereof, a top company official said.

During the company’s investor call on the ₹30,000-crore contract awarded to Nokia, Ericsson, and Samsung for the supply for 4G and 5G telecom gears, VIL chairman Ravinder Takkar said the company has been engaging with senior government officials prior to the court ruling, and even after it.