Vodafone idea to closedown if government doesn’t comes to aid

Vodafone plan Ltd might got to stop its operations if the corporate doesn’t receive any relief from the govt. following the Supreme writ to pay dues of Rs ninety two,000 large integer to the govt. associated with the AGR issue, chairman Kumar Mangalam Birla has aforementioned.

If we tend to aren’t obtaining something, then i believe it’s the tip of story for Vodafone plan, the company’s chairman Kumar Mangalam Birla told HT.

“They have complete the very fact that this can be a really important sector, the complete digital Asian country program rests on this, and it’s a strategic sector. they need publically declared that they require 3 players from the non-public sector and one player from the general public sector, therefore i believe we are able to expect rather more information from the govt. as a result of it’s needed by the world to survive,” he added.

While the monetary state of affairs of the present medium sector in Asian country goes through difficult times, payment of Rs forty,000 large integer to the govt. by Gregorian calendar month twenty four, 2020 could be a massive worry for Vodafone.

Vodafone has demanded a biennial extension on spectrum payments and lower license fees and taxes from the Indian government. the corporate additionally needs that its spectrum payments asked by the court to be adjoin ten years and has requested to background the interest and penalties.

The tensions at Vodafone came into light-weight when the rumours of its exit from Asian country started doing rounds on the net. The Vodafone cluster within the United Kingdom of Great Britain and Northern Ireland, on Oct thirty, free a press statement business the rumours unsupported and aforementioned that its Asian country venture was researching difficult times however the corporate has no intentions to exit.

Leave a Reply

Your email address will not be published. Required fields are marked *