A reduction in the value of assets could affect its ability to raise funds. Vodafone, the UK telecom company that holds a 45% stake in Vodafone Idea, has already written off most of its India assets. The management has assured the auditors that they hope to see some cash flow and expect the government to take a “benevolent” view on the arrears.
from Top Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/32QNAyP
Friday, November 15, 2019
Vodafone Idea’s auditors may take call on writing off its assets soon
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