A pedestrian walks past a shop advertising telecoms company Vodafone Idea, which is on the brink of collapse because of accumulated debt and after a ruling by the Indian Supreme Court that telecoms companies must pay billions in unpaid licensing and spectrum fees. Photo: AFP A pedestrian walks past a shop advertising telecoms company Vodafone Idea, which is on the brink of collapse because of accumulated debt and after a ruling by the Indian Supreme Court that telecoms companies must pay billions in unpaid licensing and spectrum fees. Photo: AFP
A pedestrian walks past a shop advertising telecoms company Vodafone Idea, which is on the brink of collapse because of accumulated debt and after a ruling by the Indian Supreme Court that telecoms companies must pay billions in unpaid licensing and spectrum fees. Photo: AFP

Vodafone Idea on brink in India, threatening telecoms sector and leaving customers on hold

  • India’s second-largest mobile service provider owes government US$4 billion and is saddled with a debt overhang of US$14 billion
  • A crisis meeting to find a way to keep the company afloat through a relief package or penalty waiver failed to reach a solution

Topic |   India
A pedestrian walks past a shop advertising telecoms company Vodafone Idea, which is on the brink of collapse because of accumulated debt and after a ruling by the Indian Supreme Court that telecoms companies must pay billions in unpaid licensing and spectrum fees. Photo: AFP A pedestrian walks past a shop advertising telecoms company Vodafone Idea, which is on the brink of collapse because of accumulated debt and after a ruling by the Indian Supreme Court that telecoms companies must pay billions in unpaid licensing and spectrum fees. Photo: AFP
A pedestrian walks past a shop advertising telecoms company Vodafone Idea, which is on the brink of collapse because of accumulated debt and after a ruling by the Indian Supreme Court that telecoms companies must pay billions in unpaid licensing and spectrum fees. Photo: AFP
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