New Delhi, Jan. 9 -- Vodafone Idea on Friday confirmed that the government has frozen its adjusted gross revenue (AGR) dues, offering significant relief to the debt-laden telecom operator.
In an exchange filing, the company said it will begin paying a maximum of Rs 124 crore annually over the next six years, from March 2026 to March 2031.
The telco will subsequently pay Rs 100 crore every year from March 2032 to March 2035, it said. The clarification comes more than a week after reports indicated that the Centre had frozen Vodafone Idea's AGR liability at Rs 87,695 crore, covering principal, interest and interest on penalty for the period from FY 2006-07 to FY 2018-19, and extended the repayment timeline.
According to the filing, the rem...