In talks with Vodafone Idea, hopeful of recovering dues soon: Indus Towers

Indus Towers on Wednesday said that it was in talks with Vodafone Idea (Vi) and remained hopeful of recovering their dues “soon” given the recent fundraising by the telecom operator, the company’s senior management said in the post-results call for Q4 FY24.

Vi’s recently concluded Rs 18,000 crore follow-on public offer (FPO) has given hope to the company of dues being cleared, the Indus management said, even as they stressed it was still too early to comment on a timeline for repayment.

“There is a possibility that our cash flow situation might improve in FY25,” Prachur Sah, Managing Director & CEO of Indus Towers said.