Voda Idea's viability remains clouded despite near-term liquidity support

'Longer term viability of VIL continues to remain under cloud,' noted Credit Suisse in a report

The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said.

Vodafone has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues.

The accelerated payment to Vodafone Idea (VIL), which was otherwise due in September 2020, was made under terms of 'contingent liability mechanism'.

The amount, however, is relatively small when seen in the context of over Rs 58,000 crore liability that the cash-strapped Vodafone-Idea