Vodafone Idea Share Price Falls 2% After Telco Resums Relief Talks with Govt on Agr Dues

Vodafone Idea Share Price Fell Over 2 Per Cent in Trading Session after the Telecom Company Said That It is ACTE Is ACTIS SADED Gross Revenue (Agr) Liabilitys.

However, at 9:20 am, The Vodafone Idea Stock Recovered Losses by Climbing Intraday High to 7.02 Apiece on June 3.

The company, which is facing challenges, is in talks with banks to obtain debt finance for its long-term growth, Said Ceo Akshaya Mondra. She added that banks will seek clear information about the telco’s outstanding payments to the government before approoving any loans. However, Moondra noted that this requirement is not hindering the program of the discussions.

Vodafone Idea Ceo Akshaya Moondra mentioned that company is still in talks with the Central Government to Reach a Practical Resolution on the er ISUE. He Emphasized that the government should have full freedom to provide relife, especially since this is a policy matter beyond the Scope of Judicial Intervention.

Moondra also pointed out the financial pressures the company faces, highlighting India’s low average revival per user (arpu) and the Unsustainable pricing of data services as key obstacles. He called for a pricing model where heavy data users bear a proportional higher cost, stressing that the Telecom Sector’s Current Returns Fall Short of the cost of capital.

This update come after the Supreme Court recently rejected the company’s request for reliable, dealing a major setback to the heavily indebted telecom operator.

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