Vi to lose access to towers if it fails to clear dues, says Indus Towers

Vodafone Idea (Vi) risks losing access to Indus Towers’ mobile towers from November if it fails to clear its dues. The telco has been asked by Indus Towers to clear its dues or lose access to towers, a report in Economic Times (ET) said.

On Monday, Indus Towers held a Board meeting to discuss the company’s mounting trade receivables. Later, it issued a “strongly-worded” letter to Vi, ET added.

“Independent directors on the Indus board were upset about the prolonged non-payment of dues by Vi,” a person aware of the matter told ET.