Staggered payment of AGR dues a good outcome; tariff hike must for sustainability, returns: Vodafone Idea

Struggling telecom operator Vodafone Idea on Monday said that the Supreme Court giving 10 years to telcos to clear past dues is eventually a good outcome but stressed that mobile tariffs need to be raised to give sustainability and returns to companies.

At a virtual briefing on Monday, Ravinder Takkar, MD and CEO, Vodafone Idea Limited said the company, in the past, had not shied from raising tariffs, which are under forbearance but insisted that the regulator and the government should take a call on fixing a minimum floor price.

Last week, VIL board approved fund-raising plans of up to Rs 25,000 crore through a combination of equity and debt instruments, to keep the company afloat.