Ericsson, Nokia not ready to supply 5G equipment to Vi on credit: Report

In a development that can deepen the troubles for financially stressed telco Vodafone Idea (Vi), European telecom gear makers Ericsson and Nokia have refused to provide it with the 5G equipment on credit, The Economic Times (ET) reported on Thursday.

It added that Vi is yet to place the order of 5G equipment with these makers and is currently seeking a relaxation in payment norms.

“Vi already owes Rs 3,500-4,000 crore to the vendors, and while partial payments are being made, the company is not yet near to clearing the total dues,” a person aware of the matter was quoted in the report as saying.