{"id":12452,"date":"2020-04-23T06:00:52","date_gmt":"2020-04-23T06:00:52","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=278381"},"modified":"2020-04-23T06:00:52","modified_gmt":"2020-04-23T06:00:52","slug":"vodafone-idea-receives-200m-injection-from-vodafone","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/04\/23\/vodafone-idea-receives-200m-injection-from-vodafone\/","title":{"rendered":"Vodafone Idea receives $200M injection from Vodafone"},"content":{"rendered":"

<\/p>\n

\tVodafone Group made an accelerated payment of $200 million to Vodafone Idea to support its India joint venture\u2019s operations as it faces increased tax liabilities and the effects of the Covid-19 (coronavirus) pandemic.<\/p>\n

The payment, under the terms of a contingent liability agreement with Vodafone Idea, was due in September.<\/p>\n

As part of the original deal to merge Vodafone India and Idea Cellular in August 2018, a $1.2 billion sum was set aside by the parties to cover historical liabilities. In a statement last week, Vodafone noted any further payment made would be from this fund [1]and not new money.<\/p>\n

Vodafone CEO Nick Read has gone on record numerous times to assure shareholders no further funds would be spent [2] on the JV.<\/p>\n

Earlier in the week, Vodafone Idea made a payment of about INR13 billion ($171 million) in licence and spectrum fees for the first quarter of 2020, The Economic Times reported.<\/p>\n

The operator claims it owes INR215 billion [3]in unpaid adjusted gross revenue dues, based on a self-assessment of its liabilities, compared with the INR530 billion the Department of Telecommunications ordered it to pay. The operator said it paid the full principal amount [4] owed of INR68.54 billion.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/vodafone-denies-u-turn-over-india-jv-bailout\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/vodafone-chief-vows-to-end-india-losses\/
\n[3] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/vodafone-idea-tipped-for-additional-agr-payment\/
\n[4] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/vodafone-idea-makes-headway-in-agr-payment\/<\/p>\n\n

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<\/p>","protected":false},"excerpt":{"rendered":"

Vodafone Group made an accelerated payment of $200 million to Vodafone Idea to support its …<\/p>\n

The post Vodafone Idea receives $200M injection from Vodafone<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Vodafone Idea receives $200M injection from Vodafone - ITTeacherITFreelance.hk","description":"Vodafone Group made an accelerated payment of $200 million to Vodafone Idea to support its ... The post Vodafone Idea receives $200M injection from Vodafone app"},"footnotes":""},"categories":[11,8,21],"tags":[2579,2580],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/12452"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=12452"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/12452\/revisions"}],"predecessor-version":[{"id":12471,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/12452\/revisions\/12471"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=12452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=12452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=12452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}