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Vodafone Idea’s cash balance less than AGR liability of $6.3 billion: Report

Shortpedia

Content Team

Debt-ridden Vodafone Idea Limited has less cash balance of just $1.8 billion while its Adjusted Gross Revenue liability is $6.3 billion. However, Bharti Airtel's cash balance stands at $5.3 billion against a total liability of $5 billion. According to Goldman Sachs report, "VIL has a gross cash balance of $1.8 billion as of December 2019, with spectrum dues of about $450 million payable in March."