Relief to Vodafone Idea, India grants company five year moratorium on telecom dues

The Supreme Court had earlier said the government can consider the company's relief request for all of its adjusted gross revenue dues.

A man walks past a LED display board showing the logo of Vodafone-Idea at the ongoing India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. REUTERS/Anushree Fadnavis

New Delhi: India has granted a five-year moratorium on adjusted gross revenue (AGR) dues owed by Vodafone Idea, a government source told Reuters on Wednesday.

The relief comes months after India‘s top court said the government can consider the company’s relief request for all of its AGR dues.

“The five-year moratorium gives the company recovery time. The Street anticipated a waiver of some sort, but that has not happened,” said Vinit Bolinjkar, head of research at Ventura Securities.

Vodafone Idea shares, which had risen more than 6% on Wednesday, reversed course and fell as much as 15%.

Vodafone Idea said it would not comment on media speculation and would wait for official communication on the matter, adding that any development would be disclosed through a regulatory filing.

(Reporting by Nigam Prusty, Vivek Kumar M and Komal Salecha, writing by Chandini Monnappa; Editing by Janane Venkatraman and Sonia Cheema)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.