Vodafone Idea’s focus on clearing dues bodes well for network vendors, banks

Cash-strapped telecom operator Vodafone Idea’s modest repayment needs over next 12 months bode well for its network vendors such as Indus Towers and lenders as the company continues to clear its trade payables and bank debt, market analysts said.

In the quarter ended December 2023, the company focused on paying off external dues and reduced vendor overdues over capital investments that dramatically lagged peers Reliance Jio and Bharti Airtel spending on 4G and 5G expansion.