By CNBC-TV18 Dec 27, 2019 8:28:17 AM IST (Published)
Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
Vodafone Idea has to pay around Rs 53,000 crore as Adjusted Gross Revenue (AGR) dues to the government before January 24 deadline and is expected to hold expansion plan to conserve money to pay up the statutory dues, the newspaper report added.
Telecom operator Vodafone Idea may put its fresh 4G expansion and modernisation plans on hold, Economic Times reported.
Recommended Articles
View All
Budget 2023: Unleashing India’s growth potential in the years to come
Feb 2, 2023 IST2 Min(s) Read
India's competition regulator may make a big change to clear deals worth $1.3 billion
Feb 2, 2023 IST2 Min(s) Read
Hope sees the invisible and feels the intangible
Feb 2, 2023 IST3 Min(s) Read
Who is Nikki Haley, the Indian-American looking to run for US President
Feb 2, 2023 IST3 Min(s) Read
Vodafone Idea has to pay around Rs 53,000 crore as Adjusted Gross Revenue (AGR) dues to the government before January 24 deadline and is expected to hold expansion plan to conserve money to pay up the statutory dues, the newspaper report added.
“While existing orders are being fulfilled by the vendors, Vodafone Idea has put its new 4G expansion plans for greenfield sites on other major technology-driven investments on hold,” a person familiar with the matter told ET.
Ericsson, Nokia, Huawei and ZTE, the telecom equipment vendors, are concerned over the recovery of their dues from Vodafone Idea, the newspaper added quoting industry insiders.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!