The board of Vodafone Idea Ltd on Friday accepted the government’s offer of a moratorium on payment of adjusted gross revenue (AGR) dues for a period of four years.

This comes days after a similar move with regard to its spectrum payments. Analysts are of the view that cumulatively, the two decisions will save it a cash outflow of around Rs 1 lakh crore.

“The board of directors of the company has approved the exercise of the option of deferment of the company’s AGR related dues by a period of four years with immediate effect, in accordance with the notification dated October 14, 2021 ,” Vodafone Idea said.

The company said it would consider the proposal to swap interest dues for government equity within the stipulated timeframe.

With regard to the other option offered in the notification on conversion of interest accruing on these deferred payments into Government equity, the company said that this will be considered by its board within the stipulated timeframe.