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Vodafone Idea may shut shop in India

Vodafone Idea Chairman Kumar Mangalam Birla on Tuesday (18) met Telecom Secretary Anshu Prakash.

Post the meeting Birla said he “cannot say anything at the moment.”


Reports say that the JV company is seeking more time to repay dues.

Vodafone Idea owes $4 billion in past dues for spectrum and licenses to the Indian government.

Birla was accompanied by Ravinder Takkar, MD & CEO of Vodafone Idea. The meeting lasted over an hour.

Vodafone Idea on Monday (17) paid Rs 25 billion to the Department of Telecom DoT and promised to pay another Rs 10 billion before the end of the week.

The Supreme Court on Monday refused to stop DoT from taking any coercive steps for recovery of dues from Vodafone Idea.

In another development, Senior advocate Mukul Rohatgi, representing Vodafone Idea in the Adjusted Gross Revenue (AGR) case, said that if the telecom company's bank guarantees are encashed, the entity may force to ‘shut the shop’.

If it happens, it will badly affect over 300 million customers across the country, he said.

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More than 100 business and charity leaders have demanded the government support Britain’s transition to a shorter working week, after local government secretary Steve Reed criticised a council for adopting a four-day work pattern.

In a letter leaked to the Telegraph, Reed claimed an independent report showed that "performance had declined in housing services including rent collection, re-letting times and tenant satisfaction with repairs". He wrote to the South Cambridgeshire District Council and expressed “deep disappointment” over the policy.

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