MUMBAI: Lenders have been urging the Centre to allow a moratorium on spectrum payments to Vodafone Idea and offer a lifeline to the stressed telco overburdened by debt and statutory repayments. “While banks have repayments coming up in December and later next year, Vodafone has to pay significantly more on account of statutory payments in AGR and spectrum dues. The person added that referring Vodafone Idea to the insolvency tribunal is not being discussed at the moment because past experiences have shown unattractive recoveries from telcos through that route. Vodafone Idea needs to pay Rs22,500 crore between December 2021 and April 2022 to repay a mix of regular debt to lenders, AGR and spectrum dues. SBI’s exposure to Vodafone Idea stands at around Rs11,000 crore.

Source: Mint August 14, 2021 03:45 UTC