Vodafone Concept Restricted (VIL), the third-larget telecom operator in India, is probably going going to get yet one more moratorium for paying off the adjusted gross income (AGR) dues. This comes at a time when the telco is struggling to boost cash and the AGR dues to the tune of greater than Rs 18,000 crore are payable within the close to future. Nevertheless, the federal government may announce yet one more moratorium interval for the telco, and what will probably be even higher for the corporate is that there will not be any curiosity on the dues over this deferred interval.
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The telco has about Rs 83,000 crore price of AGR dues which might be payable. With none fund elevate, and a dramatic rise in revenues for the telco, Vi would by no means have the ability to clear the dues. Because of this the federal government may want to supply Vi with yet one more moratorium interval on the AGR dues, and this time, with none curiosity accruing over the dues.
What’s fascinating about this growth is that experiences recommend that this profit could solely be prolonged to Vodafone Concept. This may possible not sit effectively with Bharti Airtel. The factor with Airtel is that it could possibly simply repay these dues, however it might relatively not do it now as there’s possible going to be no curiosity on it.
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Vodafone Concept’s administration has communicated typically to the federal government that it will not have the ability to pay AGR dues to the federal government in a well timed method. If there’s aid offered by the federal government with respect to the AGR dues, it can possible assist the telco in elevating funds additionally within the close to future. The federal government wants to make sure that Vi would not go beneath or else it can turn out to be a duopoly market in India.
