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Vodafone Idea faces uncertain future over AGR woes

Vodafone Idea faces uncertain future over AGR woes

Saturday, February 15, 2020, 1:18 PM

As the sword of Damocles hangs over Vodafone-Idea, uncertainty continues to mire the Indian-telecom-sector which has seen fall of several telcos such as Etisalat-DB, Reliance-Communications, Sistema-Shyam and Aircel. The SC on October-24, 2019, ruled that statutory dues need to be calculated by including non-telecom-revenues in AGR of telcos, leading to huge liabilities of Rs.1.47-lakh-crore for telcos already hit by falling revenues due to fierce-competition.
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