AGR, spectrum moratorium to help Vodafone Idea defer Rs 96,000-crore payouts, avoid bankruptcy: Analysts

Kolkata & Mumbai: The four-year moratorium on statutory payouts towards adjusted gross revenue (AGR) and spectrum dues will allow Vodafone Idea defer payments to the tune of Rs 96,000 crore, helping its cash flows and possibly boosting its survival chances significantly, analysts said.

They, though, cautioned that despite the four-year deferment of statutory payouts, the financial challenges of the telecom JV between UK’s Vodafone Plc and India’s Aditya Birla Group, are not over as accrued interest during the four-year moratorium span would further add to the telco’s huge Rs 1.9-lakh crore debt.