Mint Explainer | Why Vodafone Idea’s AGR relief won’t solve its survival challenge

Roughly ₹Total state dues 2 trillion, approx. ₹1.17 trillion is related to spectrum payments instead of AGR. Vodafone Idea will face delayed spectrum payments, according to brokerage firm Ambit Capital ₹17,400 crore in FY28. Even assuming an industry-wide 15% tariff increase in the January-March period, it is unlikely that the company will generate enough cash to meet this obligation.