Vodafone Idea outlook still critical, says Vodafone Group
New Delhi: Vodafone Group Plc. Wednesday said that the outlook for its India telecom JV – Vodafone Idea – “remains critical” and that the telco is actively seeking relief from the government on how to pay its adjusted gross revenue (AGR) dues in a sustainable manner.
“VIL 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,” Vodafone said in its earnings release.