Gear vendors panic over Vodafone Idea situation; Huawei, ZTE, Nokia exposure goes up with new wireline contracts

NEW DELHI: Vodafone Idea’s network equipment vendors are in a panic over recovery of dues worth around Rs 8,000 crore from the company after the Vodafone Group said it had written down the value of the Indian telco to zero.

Although Ericsson, Nokia, Huawei and ZTE haven’t officially reached out to VIL seeking their dues, they are closely watching the evolving situation, which may adversely affect their respective India revenue streams, already stressed due to lower spending on network expansion and upgrades this year, executives of vendor companies said.