Vodafone Idea Limited (VIL) has issued a clarification regarding recent media reports about a potential government waiver of over Rs 1 lakh crore in AGR (Adjusted Gross Revenue) dues for telecom companies. The company stated that it has not received any official communication from the Government of India on the matter.
Also Read: Not Received Any Communication on BG Waiver Yet, Clarifies Vodafone Idea
VIL Responds to Media Reports
"This is with reference to the news article appeared in Mainstream Media on 18 January 2025, titled "In Big Relief to Telcos, Govt weighs over Rs 1 lakh crore AGR dues waiver" and the consequent material price movement in the Scrip of the Company today i.e. on 20 January, 2025," VIL said in an exchange filing on January 20, 2025.
"We have not received any communication from the Government in relation to the above reported matter. As and when there is any development which requires disclosure, we will do the needful," VIL added.
Also Read: Government Considers Major AGR Relief for Telecom Sector: Report
Stock Price Reactions Spark Clarification
The clarification comes in response to significant stock price movements following the report published on January 18, 2025.
At around 12:37 PM, VIL issued an exchange update stating, "The Exchange has sought clarification from Vodafone Idea Ltd on January 20, 2025, with reference to news appeared in economictimes.indiatimes.com dated January 20, 2025 quoting "Vodafone Idea, Airtel shares in focus as govt plans AGR dues waiver'".
