Home › Vi struggling to stay afloat as parent companies refuse reinvestment
 

Keywords :   


Vi struggling to stay afloat as parent companies refuse reinvestment

2021-08-04 02:00:00| Total Telecom industry news

Late last month, the Indian Supreme Court rejected calls from Bharti Airtel and Vi to recalculate the amounts due the government as a result of adjusted gross revenue (AGR) fees. Now, with a batch of repayments imminent, Vi is struggling to survive, with both of its parent companies, Aditya Birla Group and Vodafone Group, loathe to inject more funds into a potentially sinking ship.    The company is facing a roughly $3 billion shortfall in cash flows for FY2023 as a result of AGR…read more on TotalTele.com »

Tags: companies stay parent refuse

Category:Telecommunications

Latest from this category

All news
11.12How to Build AI-Enabled Operations and Achieve Measurable Outcomes
04.12AI Revolution in Service Management Features Intelligent Operations and Continuous Innovation (Part 2)
01.12How Kiro AI Agents Accelerate Development from Modernization to Cloud Migration Analysis
Telecommunications »
15.12Mexico agrees to meet water treaty obligations
15.12Spain confirms 3 more wild boar deaths from African swine fever
15.12What to delete from your emails to be taken more seriously at work
15.12U.S. pork thrives in Mexico; beef exports hit China roadblock
15.12U.S. pork thrives in Mexico; beef exports hit China roadblock
15.12Holiday Returns: an Eco-Nightmare and Circular Rerouting as the New Returns-Management Frontier
15.12Merck Animal Health launches Circumvent CL vaccine for pigs
15.12COOL: Gettin real and honest
More »