Vodafone Idea pays an additional $133m towards its AGR dues
The company has now paid over $1 billion in AGR dues, but still has a hefty amount to pay off, as it struggles under the weight of spiralling debt and dwindling subscriber numbers
Bharti Infratel secures government approval for proposed merger with Indus Towers
The companies received unofficial confirmation late on Friday, according to sources close to the matter
Vodafone Idea will pay $1.4bn towards AGR dues today
Vodafone Idea owes a total of $7.4 billion to India’s Department of Telecoms, in part due to a Supreme Court ruling over the way telcos calculate their adjusted growth revenues
Bharti Airtel pays $1.4bn in part payment of its AGR dues
Bharti Airtel reportedly owes a total of $4.9 billion in unpaid dues, fines and charges
Vodafone Idea to make payment of AGR dues in the coming days
The telcos financial viability will hinge upon the outcome of its modification plea to the courts, which should be concluded by 17th March
Bad news for India’s telcos, as consumer group files litigation to reclaim AGR dues
Collectively, Indian telcos owe the Department of Telecoms around $13 billion in unpaid dues, related to a recent Supreme Court ruling
Analysts warn that even govt bailout may not save Vodafone Idea in the long-term
Vodafone Idea owes around $4 billion to the Indian government in unpaid AGR dues, fees and penalties