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 » [ more ]

Tags: companies stay parent refuse

Category:Telecommunications

Latest from this category

All news
28.04Rack Gives Back: Compassion in Action
24.04Accelerate Cloud Transformation with a Smart Path to AWS Migration
17.04How Financial Services Can Maximize the Benefits of Operating in Hybrid Cloud
Telecommunications »
01.05Farm Progress America, May 1, 2025
01.05Tesla denies contacting headhunters to replace Musk
01.05US and Ukraine sign long-awaited natural resources deal
01.05US issues trade warning to Mexico as cattle imports plunge and futures rally
01.05Haney named Angus regional manager for South-Central states
01.05Secretary Rollins hosts Maude family in D.C. following case dismissal
01.05Apple referred for possible criminal contempt investigation
01.05Trump tells business chiefs he needs 'little bit of time' as US economy shrinks
More »