Overview

• Lenders led by State Bank of India have yet to firm up plans for a ₹25,000 crore loan, insisting on concrete government backing for Vodafone Idea’s outstanding AGR liabilities.
• Officials say the proposed financing, likely split between domestic and foreign borrowings with a 10-year tenor, hinges on relief measures for roughly ₹84,000 crore in adjusted gross revenue dues.
• The government holds about a 49% stake in Vodafone Idea after converting interest dues into equity and is reportedly weighing a moratorium or extension of AGR repayment terms from six to twenty years.
• Vodafone Idea posted a net loss of ₹7,166 crore for the quarter ended March 31 and saw its customer base shrink to 198 million, while its average revenue per user remained flat at ₹175.
• The operator is advancing its network expansion strategy through a partnership with AST SpaceMobile to pilot direct-to-device satellite connectivity in remote regions.