VI struggles to find vendors for 5G equipments owing to its 4G-related dues

Concept of 5G wireless digital connecting and networking in India

Vodafone Idea owes around ₹3,000 crore to Nokia and up to ₹1,000 crore to Sweden’s Ericsson in 4G-network-related dues. It also owes around ₹7,000 crore to tower company Indus Towers and ₹2,000 crore to American Tower Co. (ATC).

Vendors are asking the cash-strapped telco to clear their 4G-related dues and fork out advance payments for fresh contracts.

[Via]

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