Vodafone assesses payment to India in dispute over dues [Yahoo! Finance News]
Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)
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Source: Yahoo! Finance News
By Aftab Ahmed NEW DELHI Reuters) - Vodafone Idea Ltd said on Saturday it was assessing how much it would pay the Indian government as part of dues owed and said it proposed making a payment in the next few days. India ordered mobile carriers on Friday to immediately pay billions of dollars in dues after the Supreme Court threatened the companies and officials with contempt proceedings for failing to implement an earlier ruling. The move threatens the survival of Vodafone Idea, a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular, as the unit is saddled with about $3.9 billion in overdue payments. "The Company is currently assessing the amount that it will be able to pay to DoT Department of Telecommunications) toward the dues calculated," Vodafone said in a statement. "The Company proposes to pay the amount so assessed in the next few days." Vodafone did not give details of the amount it was likely to pay. A company spokesman declined to provide details on f
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VOD
Sec Filings
- 11/15/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- VOD's page on the SEC website