Vodafone Idea Clarifies on AGR Dues Waiver Media Report

Telecom company denies receiving any official communication from the government regarding a potential waiver of AGR dues.

Highlights

  • Vodafone Idea Limited (VIL) denies receiving government communication regarding Rs 1 lakh crore AGR dues waiver.
  • Media reports suggest government consideration of relief for telecom companies.
  • Exchange sought clarification from VIL on reports published in leading outlets.

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Vodafone Idea Clarifies on AGR Dues Waiver Media Report
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'".

Reported By

Kirpa B is passionate about the latest advancements in Artificial Intelligence technologies and has a keen interest in telecom. In her free time, she enjoys gardening or diving into insightful articles on AI.

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