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Can Insolvency Be A Cure For AGR-Hit Vodafone Idea?
Voluntary insolvency by telecom companies facing AGR liability: Smart move or self goal?
19 Feb 2020, 01:10 PM IST
"If we we are not getting anything then I think it is end of story for Vodafone Idea" - that was Kumar Mangalam Birla’s warning soon after the Supreme Court’s AGR verdict that imposed large financial liabilities on telecom companies. Namely, Sunil Mittal-led Bharti Airtel Ltd. and Vodafone Idea Ltd., a company co-promoted by Birla’s Aditya Birla Group and global telecom company Vodafone Plc. The court ruled that non-core revenue must...
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