SC ruling won't impact talks with lenders, vendors: Vi
Kolkata: Vodafone Idea's (Vi) talks with lenders and vendors are on track and the failure of the curative petition in the Supreme Court on the adjusted gross revenue (AGR) issue would not affect those because the case was not factored into the company's business plan or discussions, people familiar with the matter said.
A person familiar with the matter said the curative petition was not factored into any business plan given to the lenders. Even the techno-economic assessment that the lenders have done is favourable and does not talk about the curative ruling at all.
«We are in active discussions with multiple banks. A key milestone in this process was the updating of the independent techno-economic evaluation initiated by the banks, which was completed recently,» a Vodafone Idea (Vi) spokesperson said in response to ET's queries.
The company added its equipment deals with vendors for the enhancement and roll-out of 4G and 5G network infrastructure is in the final stages of discussions, and that Vi would close the agreements soon.
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