Business Standard

Vi facing troubles in finalising 5G deals, vendors want advance payment

Vi owes Rs 1,000 cr to Ericsson, Rs 3,000 cr to Nokia, Rs 7,000 cr to Indus Towers, and Rs 2,000 cr to American Tower Company (ATC)

Vodafone Idea
Premium

BS Web Team New Delhi
Vodafone Idea (Vi) is facing difficulties in finalising deals for 5G equipment as vendors are asking the telco to clear previous dues first. The deals for 5G equipment supplies and tower tenancies have also hit a roadblock with vendors demanding advance payments, a report in Economic Times (ET) added.

"Equipment vendors have been asking the telco to clear their 4G dues and have also asked for advanced payments for 5G radio procurement," a person aware of the matter was quoted as saying in the ET report.  

The report further said that Vi owes Rs 1,000 crore to Ericsson, Rs 3,000 crore

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 23 2022 | 10:44 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com