VIL says banks assessing long-term funding after SC order on AGR dues

TELECOM service provider Vodafone Idea Limited (Vi) on Tuesday said following the Supreme Court’s recent order on the company’s adjusted gross revenue (AGR) dues, banks are currently assessing the situation for providing long-term funding to the telecom operator.

- RAKESH KUMAR @New Delhi

Chief executive Abhijit Kishore, speaking during the company’s second-quarter earnings call, said the apex court’s order has brought greater clarity to the funding process. “With the recent development and the Supreme Court’s order, things are quite clear now. Our sense is that, since the order has been issued only recently, there might still be some dependency on that, with banks now assessing the situation for long-term fu