 "Just a day ahead of the hurriedly called Vodafone Idea (Vi) meeting meant to soothe the nerves of investors amid the company's sliding stock price and a negative narrative around it, the telco announced a $3.6-billion (Rs 30,000 crore) deal with glob")
The stock of telecommunications service provider (TSP) Vodafone Idea (Vi) has risen about 19 per cent to ₹10.37 since the start of November. The gains were largely driven by the Supreme Court (SC) judgment allowing the central government to review and reassess Vi’s adjusted gross revenue (AGR) dues up to 2016–17, including interest and penalties.
This development is positive for the company, which is in discussions with the Department of Telecommunications (DoT) to resolve issues related to AGR liabilities. Other positives include stability in its subscriber base, an improvement in average revenue per user (Arpu) in the July–September
