Vodafone Idea Seeks Further Government Support Amid AGR Dues Pressure: Report

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Vodafone Idea Seeks Further Government Support Amid AGR Dues Pressure: Report
Indian telecom service provider Vodafone Idea (VIL) has sought additional relief from the government as it faces mounting financial pressure to repay its adjusted gross revenue (AGR) and spectrum dues, NDTV Profit reported.

Also Read: Govt Drops AGR Dues Waiver Plan, Deems Relief to Private Firms Unjust: Report

In a letter to Telecom Secretary Neeraj Mittal on March 11, VIL requested a further conversion of its dues into equity. If approved, the government’s stake in the company could rise from 22.6 percent to 49 percent, sources said, as per the…



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Vodafone Idea Seeks Further Government Support Amid AGR Dues Pressure: Report


Vodafone Idea Seeks Further Government Support Amid AGR Dues Pressure: Report
Indian telecom service provider Vodafone Idea (VIL) has sought additional relief from the government as it faces mounting financial pressure to repay its adjusted gross revenue (AGR) and spectrum dues, NDTV Profit reported.

Also Read: Govt Drops AGR Dues Waiver Plan, Deems Relief to Private Firms Unjust: Report

In a letter to Telecom Secretary Neeraj Mittal on March 11, VIL requested a further conversion of its dues into equity. If approved, the government’s stake in the company could rise from 22.6 percent to 49 percent, sources said, as per the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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