Difficult for Vodafone Idea to pay upfront AGR dues: Credit Suisse

Vodafone Idea will find it challenging to pay more than Rs 5,000 crore of incremental upfront dues in the AGR dues, according to brokerage, Credit Suisse.

In a report it said that after having paid Rs 6,900 crore of AGR dues, estimate is that Vodafone Idea would have Rs 6,000 crore of cash balance as of March 2020 assuming no incremental capex in fourth quarter of financial year 2020.

"With VIL not having access to incremental debt funding, it would be difficult for VIL to pay more than Rs 50 billion of incremental dues. On the other hand, having already