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Vodafone Idea announced a boardroom reshuffle following a sharp reduction in its adjusted gross revenue (AGR) liabilities.
Vodafone Idea's AGR dues were cut by 27% to ₹64,046 crore, payable over 10 years starting FY36.
KEY POINTS
- Lenders have not yet committed to specific funding as Vi hasn't provided promoter or group guarantees.
- Spectrum, Vi's main asset, cannot be used as collateral due to recent court rulings.
- Vi expects ₹5,836 crore from Vodafone Plc under a revised CLAM settlement, with partial cash infusion soon.
- Analysts estimate Vi may need up to $8 billion for substantial 4G expansion and competitive 5G rollout.
COMPANIES
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