Major setback for Vodafone Idea, Bharti Airtel: AGR dues waiver no longer under consideration, say sources

In a major setback for telecom majors – Vodafone Idea and Bharti Airtel – government sources have confirmed to CNBC TV18 that Adjusted Gross Revenue (AGR) waiver is no longer under consideration. Media reports had earlier stated that the government is considering waiving 50 per cent interest and 100 per cent of penalties and interest on penalties on the AGR dues of telcos. This had come after the telecom operators had sought interventions from the government.