Vodafone Idea's Q1 FY22 results were fraught with challenges from the second wave of COVID-19, which led to a steeper-than-peers decline in subscriber base as well as average revenue per user.
The top court in its judgement on July 23 dismissed the petitions filed by Vodafone Idea, Bharti Airtel and many other telecom companies and refused their pleas seeking adjustment of AGR demand.
Vodaphone Idea's gross debt, including deferred spectrum payment obligations and debts from banks and financial institutions barring lease liabilities, stood at Rs 1,80,310 crore as of March 31, 2021.
According to a research note by Goldman Sachs, Airtel’s move to raise prepaid tariffs increases the probability of a near-term tariff hike in the segment.
SC said it would hear other applications, including those raising the question of whether airwaves or spectrum can be transferred or sold by telecoms as part of their assets, after two weeks.