After biggest quarterly loss, Vodafone Idea seeks AGR relief from govt

The finance ministry won't back down from collecting the amount, which needs to be paid within three months as per the court order

Vodafone Idea Ltd., the indebted wireless carrier that’s warned of an insolvency risk in the face of a $4 billion demand from the Indian government, urgently sought relief from the policy makers after reporting the nation’s biggest quarterly loss.

India’s No 2 phone company reported a net loss of Rs 50,900 crore ($7.1 billion) for the quarter through September after taking a one one-time charge of Rs 256,80 crore, according to a filing Thursday. The operator, which was formed by the merger of Vodafone Group Plc’s local unit with billionaire Kumar Mangalam Birla’s Idea Cellular Ltd., hasn’t seen any profit since