Vodafone Idea Network Could Close Forever Indus Towers Warning Again

Vodafone Idea Network: The country’s third largest telecom company Vodafone Idea is once again in trouble. Vodafone Idea’s network may be closed. If this happens then crores of users of Vodafone Idea will not be able to use calls, internet and SMS from their phones. Let us know why there is a crisis on the network of Vodafone Idea.

Actually, Indus Tower provides network to Vodafone Idea across the country. Indus Towers is thinking of not giving this service to Vodafone Idea. According to the report of CNBC TV18, if Vodafone Idea does not pay the advance payment to Indus Towers, then Vodafone may stop the service of the network for Idea.

how much amount to pay to vodafone idea

There is a huge debt on the telecom company. Indus Towers owes Rs 7,000 crore to Vodafone Idea. Vodafone Idea has asked to pay this outstanding amount by July 2023. If the telecom company does not make the payment till this period, then the service of the network may be stopped.

fund raising company

The debt-ridden telecom company is looking for fresh funds amid problems in converting government dues into equity. In a report in the Economic Times, a report said that VI had sought an emergency amount of Rs 7000 crore from the lenders, but there is no clarity here either. At the same time, the government has asked the company to give capital before converting the outstanding amount into equity.

Indus Towers has already given warning

This is not the first time that Indus Towers has warned Vi that it will stop Vodafone Idea’s network service. Even before this the company had warned. Indus Towers had said that if its dues are not paid, then it can close the access to the tower in the coming time.

Preparation for 5G roll out

Vodafone Idea wants to stay with Reliance Jio and Airtel. For this reason, 5G is trying its best to raise funds to speed up the roll out. The company is in touch with the government to banks and promoters. Please tell that by October 2022, Vodafone Idea had 24.91 crore users.

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