Analysts dump Voda Idea for Airtel post AGR re-calculation case verdict

With sufficient assets and a healthy financial condition, Bharti Airtel can clear their dues with DoT, analysts said

In a major setback for telecom companies, the Supreme Court (SC), on Friday, dismissed all the pleas seeking re-calculation of adjusted gross revenue (AGR) dues, hanging firms out to dry. Analysts see the verdict having the potential to alter the industry dynamics to a duopoly (two-player sector) with Bharti Airtel and Reliance Jio as frontline players if Vodafone Idea is unable to find a new strategic investor, or fails to raise tariff without a significant subscriber churn.

“The market was not factoring in a lower AGR pay-out anyway. That said, the industry is moving towards a two-player model as Vodafone