Vodafone raises concerns on payment ability of Vodafone Idea

NEW DELHI: British telecoms group Vodafone has raised concerns over the payment ability of Vodafone Idea Limited, its joint venture in India with the conglomerate Aditya Birla Group.

“VIL remains in need of additional liquidity support from its lenders and intends to raise additional funding. There are significant uncertainties in relation to VIL’s ability to make payments in relation to any remaining liabilities covered by the mechanism and no further cash payments are considered probable from the Group as at March 31, 2023,” Vodafone said in its FY23 results report.