Govt may consider partial waiver of Vi's non-principal AGR dues: CLSA

Brokerage says moratorium alone won't get No 3 telco out of the woods

The Centre is likely to consider a partial waiver of interest, penalties and interest on penalties for Vodafone Idea, that make up a bulk of the adjusted gross revenue (AGR) dues, said brokerage CLSA in a note on Thursday, adding that the relief may also include the government expanding a moratorium on AGR payments.

 

Moratorium of AGR payments alone would not be enough for the third largest carrier, the brokerage said, since relief on the entire AGR dues was crucial for the telco’s planned debt fund raise of US$2-2.7 billion.

 

“The government is working on reassessment of Vodafone Idea (VIdea)’s