The tower company also faces stiffer competition and potential loss of rental revenues.
The Supreme Court has rejected a curative petition for adjusted gross revenue (AGR) dues to be recalculated. This leaves VIL with a net AGR debt of $8.5 billion equivalent (₹70,300 crore) as of the April-June quarter (Q1) of financial year 2025 (FY25) (of which about 20 per cent is the principal) in addition to spectrum dues of about $17 billion (₹1.4 trillion).
VIL also owes Indus Towers around ₹4,600 crore, which are operational dues it is clearing. The cash-strapped telecom services company was hoping for a judgment that substantially reduced its AGR dues. As a result of the judgment, it may be forced to slow down network rollout, and this will also lead to further loss of market share to Airtel and Jio.
Denne historien er fra September 27, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra September 27, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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