Vodafone Group has accelerated a payment of about Rs 1,530 crore to Vodafone Idea, due in September 2020, under the terms of the ‘contingent liability mechanism’
The group has accelerated this payment to provide liquidity to manage company’s operations and to support the approximately 300 million Indian citizens who are Vodafone Idea customers as well as the thousands of company’s employees during this phase of emergency health measures, taken as a result of the COVID-19 pandemic
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
