Vodafone Idea shares not excited by moratorium; massive debt persists

• Vodafone Idea shares declined despite a proposed 6-year extension to pay 50% of its adjusted gross revenue (AGR) dues.
• The company owes ₹79,000 crore in AGR dues and ₹1.22 lakh crore for spectrum, contributing to over ₹2 lakh crore gross debt by Sept 2025.
• Analysts believe the proposed relief, while adding ₹3-₹4 per share, is insufficient to significantly improve the company's financial viability.
• Despite government intent to avoid a duopoly, Vodafone Idea faces nine years of losses and continued subscriber exodus.
• Significant business improvement, including tariff hikes and capital investment for network, is needed for Vodafone Idea to meet future obligations.

Why It Matters: Proposed relief won't fix Vodafone Idea's massive debt, questioning its long-term survival.