🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Vodafone Idea seeks urgent Supreme Court hearing on revenue dues
Livemint
·
1y ago
Medial
Vodafone Idea (Vi) has requested the Supreme Court to urgently consider its curative petition against a previous court order regarding its adjusted gross revenue (AGR) dues. The company is seeking clarity on its liabilities in order to raise debt funding. Vi argues that the Department of Telecommunications made errors in calculating the final demand and that it was not given a hearing before the penalty was imposed. Both Vi and Bharti Airtel filed curative petitions in September 2021, following a Supreme Court order requiring telecom companies to pay their AGR dues over a 10-year period.
View Source
Related News
Vodafone Idea takes AGR dues battle to Supreme Court
Inshorts
·
2m ago
Medial
Vodafone Idea has moved to the Supreme Court after the Indian government rejected its plea to waive over $5 billion in AGR dues. Facing massive liabilities and stiff competition, the telecom giant seeks relief to avoid collapse. The case’s outcome could reshape India’s telecom landscape and determine Vodafone Idea’s survival.
View Source
Vodafone lenders worried about the fate of loans
Livemint
·
1m ago
Medial
Vodafone Idea Ltd's lenders are concerned about the telecom operator's financial stability as it seeks an additional ₹35,000 crore in loans. The apprehension stems from the possibility that the company may prioritize paying government dues over new bank loans, amid its ongoing financial struggles. The Supreme Court recently rejected the company's appeal to waive dues linked to adjusted gross revenues (AGR), intensifying the telco's burden. Since FY17, Vodafone Idea has reported consistent losses.
View Source
Vodafone Idea to conduct urgent investor meet on September 23 after SC’s AGR verdict setback | Mint
Livemint
·
10m ago
Medial
Telecom company Vodafone Idea will hold a conference call on September 23 to update investors and analysts on recent developments. This comes after the Supreme Court rejected pleas by Vodafone Idea and Bharti Airtel to correct reported errors in their telecom license fees. The dismissal is a setback for Vodafone Idea and Bharti Airtel who were seeking to reduce their combined burden of INR 1.47 trillion ($20.7 billion) in Adjusted Gross Revenue (AGR) dues to the government.
View Source
Vodafone Idea, Indus Towers shares plummet 15% as Supreme Court upholds AGR ruling
Money Control
·
10m ago
Medial
- Supreme Court rejects telecommunication companies' plea for re-computation of AGR dues. - Shares of Vodafone Idea crashed over 15 percent, while Bharti Airtel shares were up two percent. - Vodafone Idea filed a curative petition seeking correction of errors in AGR demand calculation, limiting penalty to 50 percent of shortfall, and revising interest rate on penalty. - Cash flow situation expected to become more challenging for Vodafone Idea without relief from court. - Goldman Sachs reaffirms bearish rating on Vodafone Idea, predicts further erosion of market share despite recent capital raise.
View Source
Vi, Airtel raise AGR issue at meeting with telecom minister Scindia
Livemint
·
10m ago
Medial
Top executives of Reliance Jio, Vodafone Idea, and Bharti Airtel met with telecom minister Jyotiraditya Scindia to discuss the issues affecting the sector and the telecom companies. Vodafone Idea raised concerns regarding adjusted gross revenue (AGR) after a Supreme Court judgement, but no relief discussions for the carrier took place. Other topics addressed during the meeting included messaging and calling apps, quality of service, and the impact of AGR on the health of the sector. Vodafone Idea is engaging with the government to address calculation errors and penalties related to AGR dues.
View Source
Supreme Court Rejects Telcos’ Plea for AGR Dues Waiver
StartupTalky
·
2m ago
Medial
The Supreme Court of India has rejected pleas by Vodafone Idea, Bharti Airtel, and Tata Teleservices to waive their adjusted gross revenue (AGR) dues, including interest and penalties. The decision could significantly impact Vodafone Idea, which may face insolvency without relief. Although Vodafone Idea's senior advocate stated the government owns a considerable stake, the court's ruling prevents offering further concessions. The government is reluctant to increase its stake, potentially transforming the carrier into a public sector entity.
View Source
Vodafone Idea on the Brink: Govt Shuts Door on More Equity Conversions
StartupTalky
·
1m ago
Medial
Vodafone Idea faces financial challenges as the Indian government closes the door on additional equity conversions to assist the company. Despite the government's previous involvement, including becoming the largest shareholder and providing a four-year moratorium on dues, Vodafone Idea's long-term viability remains uncertain. The company is negotiating with lenders for additional funding and may face significant liquidity issues without government support on adjusted gross revenue dues or successful debt fundraising efforts.
View Source
Vodafone Idea shares updates on AGR verdict & Rs 10,000 crore capex guidance. Details here
Business Today
·
5m ago
Medial
Vodafone Idea Ltd (VIL) responded to the Supreme Court's dismissal of its last pending review petition related to adjusted gross revenue (AGR) dues, effectively closing AGR matters. VIL reiterated its Rs 10,000 crore capital expenditure guidance for financial year 2024-25, with around Rs 5,300 crore already spent. Despite a 5.09% drop in share price, the company's net loss decreased, and revenue rose in Q3 FY25. VIL plans to expand 5G services, with its 4G subscriber base growing.
View Source
ATC to get 2.9% in Vodafone Idea, converts OCDs worth ₹1,440 cr to equity
Livemint
·
1y ago
Medial
Vodafone Idea will allot equity shares worth ₹1,440 crore to ATC Telecom Infrastructure from optionally convertible debentures (OCDs). ATC will have a 2.9% shareholding after conversion. Vodafone Idea has significant dues to vendors and tower service providers, including ATC. The company is raising ₹45,000 crore, including a ₹20,000 crore equity-based fund raise, to clear its debts. Vodafone Idea aims to raise the remaining amount through debt financing. The company plans to launch 5G services and expects to generate 40% of its revenue from the 5G business in the next 24-30 months.
View Source
Residual funds from Voda's Indus Towers stake sale may go towards latter's dues
Livemint
·
1y ago
Medial
Indus Towers may receive residual funds from Vodafone's stake sale in the company. Indus has a secondary pledge on Vodafone's 21% stake, and if the sale goes through, Indus will receive the residual amount after Vodafone clears dues with primary pledgers, up to a maximum of ₹4,250 crore. Indus Towers has been collecting receivables from Vodafone Idea and is in discussions for a payment plan to clear outstanding dues. The tower provider expects to benefit from incremental tenancy business and plans to offer Vodafone Idea existing towers as second tenants.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in