Vodafone Idea outlines dues repayment plan, caps annual payouts

Vodafone ‍Idea (VI) laid out a repayment schedule for its adjusted gross ‌revenue (AGR) dues, capping annual payments at $13.79 million for the next six years, easing near-term cash flow pressure without reducing headline liabilities.

On December 31, the Indian government approved a partial moratorium on the telecoms company’s ⁠dues, freezing $9.76 billion in payments and deferring repayments to the 2030s. At the time, VI had said it had not received any communication about the measure.

The telecom operator, in ‌which the Indian government ‌holds a 49% stake, said in a statement ‍on Friday (January 9, 2026) that after the initial six years, the annual ‍payout will be capped at 1 billion rupees for the following four years through March 2035, with the remaining balance to be paid in equal annual instalments over the subsequent ⁠six years.

Telecom operators, including VI, have long contested the Indian government’s method of ⁠calculating AGR, which determines the licence fees and other dues.

($1 = 89.8910 Indian rupees)