What was once the jewel in the crown of Vodafone Plc, its Indian joint venture is on the verge of a shutdown, with the Supreme Court on Friday rejecting any relief on the payment of adjusted gross revenue (AGR). Going by its current financial situation, Vodafone Idea Ltd (VIL) is in no position to pay dues of nearly ₹55,000 crores by the end of Friday, the deadline set by the Department of Telecom (DoT).
Even if it manages to pay some part of the dues, the operator’s balance sheet will be so leveraged that it will not have enough financial power to survive a battle with Reliance Jio in the market. Shares of VIL tanked 23 percent on Friday on the BSE as shareholders see the end of the road for the operator.
Diese Geschichte stammt aus der February 15, 2020-Ausgabe von The Hindu Business Line.
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Diese Geschichte stammt aus der February 15, 2020-Ausgabe von The Hindu Business Line.
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