No new payment plan from Vodafone Idea, situation dynamic: Indus Towers

A significant part of the payment for Oct-Dec has been cleared by Vi, but instalment for January remains unpaid

Indus Towers said on Wednesday that it has received no new proposal for an updated payment plan from Vodafone India (Vi), and asserted that the situation remains dynamic.

While payments for January have yet to be made, Indus Towers has received a 'significant part' of the instalment-based payments from Vi for the October-December period, the senior management said in a post results investor call.

A day before, the tower company had announced making a Rs 2,298.1 crore provision for doubtful debt against receivables from the telecom operator in the third quarter of FY23.

Vi had earlier submitted a payment plan