Highlights

  • Indus is believed to have told Vi to clear all past dues at the earliest
  • Airtel and Jio to launch 5G by Diwali this year

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Here is why your vodafone could have zero service soon

Independent directors on the Indus board were upset about the prolonged non-payment of dues by Vi 

As all eyes are on the rollout of 5G services in the country, Vodafone Idea is still facing trouble in finalising deals for 5G equipment supplies and tower tenancies with vendors.

According to ET reports, the tower company, Indus tower has called on Vodafone Idea (Vi) to clear its dues or else run the risk of losing access to its towers from November.

Vi's mobile services to its over 255 million subscribers could be seriously disrupted if Indus blocks tower access to the cash-strapped telcom.

According to reports, Vi's accumulated dues to tower firms is estimated upwards of ₹10,000 crore, of which it's reckoned to owe well over ₹7,000 crore to Indus and the balance to American Tower Co (ATC).

The loss-making operator's problems regarding dues are delaying its 5G launch plans, thus leaving it vulnerable to further lose subscribers to stronger rivals like Reliance Jio and Bharti Airtel, say experts.

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