In talks with DoT on next steps on AGR: Voda Idea

FY26 CAPEX TO BE MET VIA INTERNAL RESOURCES, SAYS TELCO

- URVI MALVANIA

VODAFONE IDEA (Vi) said on Tuesday it is working closely with the government on away forward for reassessment of its adjusted gross revenue (AGR) dues.

This follows the recent Supreme Court order, which allowed the Department of Telecommunications (DoT) to revisit demands raised up to FY17.

“The government being a 49% equity holder and the government also making it amply clear that in the Indian context, three private players are required (gives hope),” chief executive officer Abhijit Kishore said during the telecom operator’s earnings’ call. He added that the operator is engaged with the DoT on the next steps after the court’s ruling in October. Kishore, however, did not provide a timeline to when a solution can be reached.

Vi’s stock closed 7.68% up on the BSE on Tuesday, a day after it reported its earnings.