Vi focus on clearing dues bodes well for network vendors, banks

Vodafone Idea's limited repayment needs in the next 12 months provide relief for network vendors like Indus Towers and lenders. The telecom operator focused on clearing external dues and reducing vendor overdues in Q3 2023. Vodafone Idea repaid ₹1,900 crore of external dues and ₹1,300 crore of vendor overdues, easing cashflow constraints. With ₹5,400 crore repayment outstanding over the next 12 months, the telecom company's cashflow constraints are expected to ease significantly. This comes as Vodafone Idea aims to strike a balance between deploying future cash flows for capex and clearing substantial vendor dues.
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