In a significant development for India's telecom sector, the Union Cabinet on December 31, 2025, approved a relief package for debt-laden Vodafone Idea (Vi), freezing its outstanding Adjusted Gross Revenue (AGR) dues at ₹87,695 crore (approximately $9.76 billion). This decision provides a crucial breathing space to the struggling operator by deferring repayments and opening the door for reassessment, though it stops short of a full waiver. Why This Relief Matters Vodafone Idea has been teetering on the brink for years, burdened by over ₹2 lakh crore in total debt (including spectrum payments). It serves nearly 200 million subscribers and employs thousands directly and indirectly. The government's move is driven by: Preserving Competition : India aims to avoid a duopoly dominated by Reliance Jio and Bharti Airtel, ensuring consumer choice and competitive pricing. Protecting Government Stake : The Centre holds ~49% equity in Vi after converting dues into shares in prior relief ...