Indus expects Vodafone Idea to clear full dues, open to payment in tranches

New Delhi: India’s leading tower company Indus Towers expects that Vodafone Idea will pay its entire past dues amounting to around Rs 5,700 crore soon with the latter securing funding. However, the payment may happen at one go or in tranches.

Asked about Vodafone Idea (VIL) fundraising plans and what it means for Indus Towers, Prachur Sah, Managing Director & CEO, Indus Towers told ET, “We are pleased to see the positive developments on Vodafone Idea’s fundraise and expect that VIL will clear over-dues of Indus in its entirety.”