New Delhi, Jan. 9 -- Shares of beleaguered telecom company Vodafone Idea surged 9% in early trade on Friday, January 9, following the release of the timeline to repay its telecom dues.

The company, in an exchange filing today, said that it has received a communication from the Department of Telecommunications (DoT), providing relief in the adjusted gross revenue (AGR) dues matter.

Vodafone Idea share price jumped 8.7% to the day's high of Rs.12.51 as against the last closing price of Rs.11.50 following this announcement.

Vodafone Idea said that DoT has frozen the company's AGR dues as of the end of December for a period of six years.

The freeze covers the principal amount, interest, and penalties. As of December-end, Vodafone Idea's A...