On the similar time, the Vi CEO added that from the primary quarter of the following fiscal, they may also should stability capex with vendor funds whilst the corporate’s monetary circumstances don’t change.
Concerning infusion of funds from promoters, Moondra mentioned that assist from promoters might be made obtainable in case Vi isn’t capable of pay upcoming dues. No timeline on additional fairness infusion from promoters was given.
Phasing out 3G
Apparently, Moondra mentioned that they anticipate to part out 3G community by the top of subsequent fiscal to re-farm 3G spectrum for brand new 4G websites.
Vi is anticipated to limp alongside, paying off debt in a piece-meal approach with no further support from the federal government within the horizon.
No contemporary funding
Final month, businessline reported that lenders have additionally paused contemporary funding within the type of debt renewals after Vi missed the December 31 deadline to lift funds.
Vi has a gargantuan debt of practically ₹2.1-lakh crore, nearly all of which is owed to the federal government within the type of spectrum and AGR dues.
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