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As all eyes are on the rollout of 5G services in the country, Vodafone Idea is still facing trouble in finalising deals for 5G equipment supplies and tower tenancies with vendors.
According to ET reports, the tower company, Indus tower has called on Vodafone Idea (Vi) to clear its dues or else run the risk of losing access to its towers from November.
Vi's mobile services to its over 255 million subscribers could be seriously disrupted if Indus blocks tower access to the cash-strapped telco.
According to reports, Vi's accumulated dues to tower firms is estimated upwards of ₹10,000 crore, of which it's reckoned to owe well over ₹7,000 crore to Indus and the balance to American Tower Co (ATC).
The loss-making operator's problems regarding dues are delaying its 5G launch plans, thus leaving it vulnerable to further loss subscribers to stronger rivals like Reliance Jio and Bharti Airtel, say experts. 

Vi faces troubles to close 5G deals, Vendors demand 4G dues

Here is why your vodafone could have zero service soon

Vodafone faces troubles to close 5G deals

Independent directors on the Indus board were upset about the prolonged non-payment of dues by Vi&nbsp;

As all eyes are on the rollout of 5G services in the country, Vodafone Idea is still facing trouble in finalising deals for 5G equipment supplies and tower tenancies with vendors.
According to ET reports, the tower company, Indus tower has called on Vodafone Idea (Vi) to clear its dues or else run the risk of losing access to its towers from November.
Vi's mobile services to its over 255 million subscribers could be seriously disrupted if Indus blocks tower access to the cash-strapped telcom.
According to reports, Vi's accumulated dues to tower firms is estimated upwards of ₹10,000 crore, of which it's reckoned to owe well over ₹7,000 crore to Indus and the balance to American Tower Co (ATC).
The loss-making operator's problems regarding dues are delaying its 5G launch plans, thus leaving it vulnerable to further lose subscribers to stronger rivals like Reliance Jio and Bharti Airtel, say experts.&nbsp;

The government could pick up some stake in the beleaguered Vodafone Idea Ltd by converting a part of its dues.
This is in line with the centre's effort to keep investors confident about the telco's future.
A decision could be taken by the Cabinet on Wednesday, but there’s no certainty, a report by The Economic Times said. The government may also keep the option of converting more of those dues into equity after four years, subject to conditions, it added.
Vodafone Idea's total gross debt as of June 30 was Rs 1.92 lakh crore, comprising deferred spectrum payment obligations of Rs 1.06 lakh crore and AGR liability of Rs 62,180 crore that are due to the government. 
Debt from banks and financial institutions was Rs 23,400 crore. A report by Business Today said a consortium of banks led by State Bank of India (SBI) have called on the Indian government to give debt-laden Vodafone Idea more time to clear its tax dues and spectrum fees.

Vodafone Idea: Govt to pick stake?

The government could pick up some stake in the beleaguered&nbsp;Vodafone&nbsp;Idea Ltd by converting a part of its dues.

Vodafone Idea's total gross debt as of June 30 was Rs 1.92 lakh crore

The government could pick up some stake in the beleaguered&nbsp;<a href="https://www.editorji.com/business-news/markets/govt-becomes-the-largest-shareholder-in-vodafone-idea-move-to-ensure-survival-for-telco-1641871991523" target="_blank">Vodafone&nbsp;Idea Ltd</a> by converting a part of its dues.
This is in line with the centre's effort to keep investors confident about the telco's future.
A decision could be taken by the Cabinet on Wednesday, but there&rsquo;s no certainty, a report by The Economic Times said.&nbsp;The government may also keep the option of converting more of those dues into equity after four years, subject to conditions, it added.
Vodafone Idea's total gross debt as of June 30 was Rs 1.92 lakh crore, comprising deferred spectrum payment obligations of Rs 1.06 lakh crore and AGR liability of Rs 62,180 crore that are due to the government.&nbsp;
Debt from banks and financial institutions was Rs 23,400 crore. A report by Business Today said a consortium of banks led by State Bank of India (SBI) have called on the Indian government to give debt-laden Vodafone Idea more time to clear its tax dues and spectrum fees.

voda idea

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