Vodafone Idea outlook still critical, says parent

NEW DELHI : UK-based Vodafone Group Plc on Wednesday said that the outlook for Vodafone Idea Ltd, its telecom joint venture with the Aditya Birla group in India, remains critical and the company is seeking relief from the Indian government.

“In October, the Supreme Court gave an adverse judgement in the adjusted gross revenue (AGR) case against the industry. The outlook for Vodafone Idea remains critical,” Vodafone Group said in a statement announcing its December quarter earnings on Wednesday.

“The company is actively seeking various forms of relief from the Indian government to ensure that the rate and level of payments it makes to the Indian government is sustainable and it can meet its other commitments as they fall due,” the group said.