Banks and ancillary service providers will suffer too.
| Bank | Amount | % of loan book |
|---|---|---|
| State Bank of India | ₹11,000 crore | 0.43% |
| ICICI Bank | ₹1,700 crore | 0.23% |
Similarly one may ask, will Vodafone Idea shut down in India?
Both Airtel and Vodafone Idea face huge monetary burden due to AGR, but none of them has said they will close down operations. Supreme Court's order on Rs 1.47 lakh crore worth of AGR dues has triggered rumours about the alleged impending shutdown of two of India's largest telecom companies Vodafone Idea and Airtel.
One may also ask, is Vodafone closing in India? While, it seems there is no imminent plan by Vodafone to leave India, not everything is right with its business. The report hints that the company may shut down its India operations unless the Indian government gives some relaxation to the company on demands for mobile spectrum fees.
Also question is, can Vodafone survive in India?
“At this level, high risk-high reward investors can consider buying the stock. Bharti Airtel is a no-brainer for those who want to bet on the telecom sector,” he said. Oza believes Vodafone will survive. The Supreme Court has since mandated telecom companies to pay 10 per cent of their AGR dues by March 31, 2021.
Is Vodafone going to shut down?
It is unlikely that Vodafone Idea will shut down, as in the worst case scenario, they can move NCLT for a resolution.” In 1999, telecom industry migrated to the revenue sharing regime from the earlier fixed license fee era.
