Vodafone's Idea Joint Venture Reportedly Given 5-Year Moratorium on $10.5 Billion in Indian Debt

MT Newswires Live12-31 18:21

Vodafone's (VOD) Idea joint venture has been granted a five-year moratorium on 876.95 billion Indian rupees ($10.5 billion) in adjusted gross revenue sharing payments owed to the state, news outlets reported Wednesday, citing unnamed sources.

The relief follows an Indian court decision allowing the government to consider Idea's relief request for all its AGR dues, Reuters reported.

India's CNBC affiliate also reported that the total liability has been frozen.

The company, a joint venture between Vodafone and Indian industrialist Aditya Vikram Birla's conglomerate, has warned that its survival depends on debt relief, CNBC reported.

India's government became Vodafone Idea's largest shareholder in March after converting its dues into equity, taking a stake of nearly 49%, CNBC reported.

Vodafone did not immediately respond to MT Newswires' request for comment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2595773867?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-31 18:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2595773867","market":"sg","top_or_hot":-1,"title":"Vodafone's Idea Joint Venture Reportedly Given 5-Year Moratorium on $10.5 Billion in Indian Debt","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/VOD\">Vodafone</a>'s (VOD) Idea joint venture has been granted a five-year moratorium on 876.95 billion Indian rupees ($10.5 billion) in adjusted gross revenue sharing payments owed to the state, news outlets reported Wednesday, citing unnamed sources.</p><p>The relief follows an Indian court decision allowing the government to consider Idea's relief request for all its AGR dues, Reuters reported.</p><p>India's CNBC affiliate also reported that the total liability has been frozen.</p><p>The company, a joint venture between Vodafone and Indian industrialist Aditya Vikram Birla's conglomerate, has warned that its survival depends on debt relief, CNBC reported.</p><p>India's government became Vodafone Idea's largest shareholder in March after converting its dues into equity, taking a stake of nearly 49%, CNBC reported.</p><p>Vodafone did not immediately respond to MT Newswires' request for comment.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vodafone's Idea Joint Venture Reportedly Given 5-Year Moratorium on $10.5 Billion in Indian Debt</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVodafone's Idea Joint Venture Reportedly Given 5-Year Moratorium on $10.5 Billion in Indian Debt\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-31 18:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/VOD\">Vodafone</a>'s (VOD) Idea joint venture has been granted a five-year moratorium on 876.95 billion Indian rupees ($10.5 billion) in adjusted gross revenue sharing payments owed to the state, news outlets reported Wednesday, citing unnamed sources.</p><p>The relief follows an Indian court decision allowing the government to consider Idea's relief request for all its AGR dues, Reuters reported.</p><p>India's CNBC affiliate also reported that the total liability has been frozen.</p><p>The company, a joint venture between Vodafone and Indian industrialist Aditya Vikram Birla's conglomerate, has warned that its survival depends on debt relief, CNBC reported.</p><p>India's government became Vodafone Idea's largest shareholder in March after converting its dues into equity, taking a stake of nearly 49%, CNBC reported.</p><p>Vodafone did not immediately respond to MT Newswires' request for comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4132","symbol_name":"无线电信业务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2595773867","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2595773867","pubTimestamp":1767176487,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Vodafone's  Idea joint venture has been granted a five-year moratorium on 876.95 billion Indian rupees  in adjusted gross revenue sharing payments owed to the state, news outlets reported Wednesday, citing unnamed sources.The relief follows an Indian court decision allowing the government to consider Idea's relief request for all its AGR dues, Reuters reported.India's CNBC affiliate also reported that the total liability has been frozen.The company, a joint venture between Vodafone and Indian industrialist Aditya Vikram Birla's conglomerate, has warned that its survival depends on debt relief, CNBC reported.India's government became Vodafone Idea's largest shareholder in March after converting its dues into equity, taking a stake of nearly 49%, CNBC reported.Vodafone did not immediately respond to MT Newswires' request for comment.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4132":"无线电信业务","BK4185":"保健护理机构","BK4588":"碎股","VOD":"沃达丰","BK4585":"ETF&股票定投概念","JYNT":"The Joint Corp.","BK4532":"文艺复兴科技持仓"},"translate_title":"据报道，沃达丰的Idea合资企业获得了5年105亿美元印度债务延期偿付权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JYNT":1.5,"VOD":1},"content_text":"Vodafone's (VOD) Idea joint venture has been granted a five-year moratorium on 876.95 billion Indian rupees ($10.5 billion) in adjusted gross revenue sharing payments owed to the state, news outlets reported Wednesday, citing unnamed sources.The relief follows an Indian court decision allowing the government to consider Idea's relief request for all its AGR dues, Reuters reported.India's CNBC affiliate also reported that the total liability has been frozen.The company, a joint venture between Vodafone and Indian industrialist Aditya Vikram Birla's conglomerate, has warned that its survival depends on debt relief, CNBC reported.India's government became Vodafone Idea's largest shareholder in March after converting its dues into equity, taking a stake of nearly 49%, CNBC reported.Vodafone did not immediately respond to MT Newswires' request for comment.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2595773867","isCrawlerRequest":true}