Overview

• Minister of State for Communications Chandra Sekhar Pemmasani said the telecom department is not considering any additional concessions on adjusted gross revenue dues for Vodafone Idea.
• The government became the company’s largest shareholder after converting Rs 36,950 crore of spectrum dues into equity in March, following an earlier stake acquired in 2023 against statutory dues.
• Vodafone Idea shares fell sharply in early trade, dropping roughly 6–10% intraday on the BSE and NSE after the remarks.
• Vodafone Idea’s AGR liability stands at about Rs 75,000 crore, with repayments scheduled in six equal instalments after the moratorium ends on March 31, 2026.
• Pemmasani dismissed reports of fresh proposals being sent to the PMO for relief, while separately noting that satcom spectrum pricing discussions continue and that Indian user data must be hosted domestically.