Vodafone Idea seeks more time to pay AGR dues

Mumbai: Vodafone Idea has asked the government for more time to pay its adjusted gross revenue (AGR)-based dues for the January-March period, citing financial and operational pressures amid the Covid-19 crisis.

The cash-strapped telco has also fallen short of submitting adequate bank guarantees to cover its spectrum payments, which will start in FY23 after a two-year moratorium.

“The telco has told the government that it needs more time to pay the quarterly AGR dues,” said an industry executive who did not want to be identified.