NEW DELHI (Reuters) – Vodafone Idea Ltd said on Saturday it was assessing how much it would pay the Indian government as part of dues owed and said it proposed making a payment in the next few days.
FILE PHOTO: Logos of 5G technology and telecommunications company Vodafone in Aldenhoven, Germany, November 27, 2018. REUTERS/Thilo Schmuelgen/File Photo
India ordered mobile carriers on Friday to immediately pay billions of dollars in dues after the Supreme Court threatened the companies and officials with contempt proceedings for failing to implement an earlier ruling.
The move threatens the survival of Vodafone Idea, a joint venture between Britain’s Vodafone Group Plc and India’s Idea Cellular, as the unit is saddled with about $3.9 billion in overdue payments.
“The Company is currently assessing the amount that it will be able to pay to DoT (Department of Telecommunications) toward the dues calculated,” Vodafone said in a statement. “The Company proposes to pay the amount…
Source Reuters Tech News