Overview

• New Delhi is considering a one-time resolution of roughly ₹2 trillion in AGR dues via waivers on interest and penalties plus a concession on principal, according to people familiar with the talks.
• The reported push is linked to UK Prime Minister Keir Starmer’s visit after a new trade pact, framing potential relief as a diplomatic gesture.
• The Supreme Court is scheduled to hear Vodafone Idea’s petition on AGR calculations on Oct. 6, and any change in the government’s stance could influence the proceedings.
• Officials are drafting safeguards to prevent legal challenges and ensure parity, including seeking revival plans from all operators; Bharti Airtel and a Tata Group carrier have also sought relief.
• Vodafone Idea has not posted a quarterly profit since 2016 and is seen as needing clarity on dues to attract new investors; the telecom ministry and the company did not comment.