Pushed to Brink, What Next? Vodafone Idea’s Options Dwindle
- Wireless carrier was asked to pay $4 billion dues by March 17
- India’s top court rejects plea for extra time in latest ruling
This article is for subscribers only.
Vodafone Idea Ltd.’s gamble seeking more time to pay the $4 billion it owes the Indian government failed in the nation’s top court, leaving the distressed mobile carrier with few options as it weighs its future.
India’s Supreme Court last week rejected a plea by mobile carriers for extended payment schedule and asked them to deposit a combined $13 billion in past dues for spectrum and licenses by March 17. Vodafone Idea, struggling with mounting losses and debt, owes the most among its peers.