Vodafone’s Indian venture may collapse on high licence fees
12 November 2019 - 17:26
London — Vodafone Group’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, the company’s CEO has said.
India’s top court ordered Vodafone Idea to pay $4bn (R59bn) worth of fees linked to past frequency licences in October. With another airwave auction approaching, Vodafone Idea already has $14bn in debt and England-based Vodafone has pledged not to put any more money into the business...
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