Vodafone loss widens in Jan-Mar, firm reiterates survival depends on SC order

MUMBAI: Higher finance costs and exceptional items on account of licence fees and spectrum dues in the AGR case nearly doubled the losses at Vodafone Idea in March quarter to ₹11,643 crore from ₹6,438 crore in the immediate previous three-month period.

Declaring its March quarter operational and financial performance on Wednesday, the company again stressed that its continued existence would depend on what the Supreme Court decides in the AGR matter when it meets in the third week of this month.

The department of telecommunications (DoT) wants the company to pay ₹58,254 crore as AGR dues. The company claims that amount to be ₹45,960 crore. The company wants a 20-year timeframe to pay its dues that it claims now stand at ₹39,106 crore after it paid ₹6,854 crore during the March quarter.