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Vodafone Idea will survive, be competitive in market: MD Ravinder Takkar

It was always our conviction but not always understood by other market participants,” Takkar saidWednesday, the telco’s shares closed 3.9% lower at Rs10.39 on the BSE.The comments come a week after the government announced a four-year moratorium on adjusted gross revenue (AGR) and spectrum payments, a move which, analysts say, allows Vodafone Idea to defer a cumulative payment of nearly Rs1 lakh crore – around Rs24,000-25,000 crore annually – over four years.Other crucial reforms include giving operators the option to “pay the interest amount arising due to the said deferment of payment by way of equity”.

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