Vodafone Concept Restricted (VIL), the third-largest telecom operator in India, has cleared a majority of its previous dues in direction of Indus Towers. This helped Indus Towers in producing a free money move of Rs 1,570 crore within the quarter ending June 2025. Indus Towers noticed its commerce receivables coming down by Rs 406.4 crore through the June quarter. Vi had significantly paid again Rs 88 crore in Q1 FY26. The corporate has determined to not preserve the free money idle.
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“We’ve collected a lot of the backlog receivables. As a part of our money administration, as a substitute of preserving the money idle, we have now both lowered our debt or used it for a really strategic acquisition,” stated Prachur Sah, CEO of Indus Towers on the firm’s earnings name on Thursday. Within the coming quarters although, it is going to be fascinating if Vi will be capable of make well timed funds or not. The telco has already stated that there is uncertainty because the assist from Division of Telecommunications (DoT) will decide how its funds can be.
For the unaware, Vi wants to begin paying the deferred AGR (adjusted gross income) dues quickly. This might not be doable for Vi to pay as its funds aren’t that robust. Some assist from the federal government wants to come back to make sure that Vi can maintain with its present funds.
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On the matter, Indus stated, “The board will proceed to observe the evolving state of affairs intently and reassess its choice by the top of the monetary yr. The board stays absolutely dedicated to creating worth for the shareholders, together with by the use of earliest doable reinstatement of distributions foundation the above components.”
Indus will probably see a slowdown in enterprise because the telcos have lowered their tempo of 5G tower addition.
