According to Moody’s, Vodafone Idea’s market competitiveness is expected to take a hit following the Supreme Court’s dismissal of adjusted gross revenue (AGR) review petition.

This could potentially provide opportunity to Bharti Airtel and Reliance Jio to improve their respective market shares.

At present, Vodafone Idea’s dues stand at Rs 530 billion. This includes over Rs 280 billion worth of licence fee, interest and penalties. The remaining amount accounts for spectrum usage charges (SUC). Meanwhile, Airtel dues stand at Rs 355 billion.

That said, both Airtel and Vodafone Idea are exploring the option to file a curative petition.