India outlook critical, seeking govt relief in various forms: Vodafone

The British telecom giant said the Department of Telecommunications had in November granted a two-year spectrum moratorium

The Vodafone Group on Wednesday said the outlook for Vodafone Idea remains critical as the firm seeks relief from the Indian government in the wake of an “adverse judgement” by the Supreme Court on the issue of adjusted gross revenue (AGR).
 
“In October, the Supreme Court gave an adverse judgement in [AGR] case against the industry. The outlook for Vodafone Idea remains critical,” read a statement issued by the company, which revealed its earnings in the December 2019 quarter. “Vodafone Idea is actively seeking various forms of relief from the Indian government to ensure that the rate and level