Aditya Bhattachrya Comments on Supreme Court’s AGR Ruling in Mint Article
In the recent Supreme Court ruling dismissing the plea by Vodafone Idea, Bharti Airtel, and Tata Teleservices seeking waiver of interest on Adjusted Gross Revenue (AGR) dues, legal and financial implications continue to weigh heavily on the telecom sector.
Featured in an article by Mint, Aditya Bhattacharya offered a critical perspective on the potential government response in the wake of this judgment:
“Though the government in the past has intervened by converting VI’s (Vodafone Idea) debt into equity, the likelihood of another bailout strategy looks bleak.”
His comment highlights the growing concerns around the sustainability of government support for distressed telecom operators, especially in light of fiscal constraints and past interventions.
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