India Weighs Resolution of Vodafone Dues Row to Bolster UK Ties

India Weighs Resolution of Vodafone Dues Row to Bolster UK Ties

India is considering a one-time settlement of its longstanding demand for billions of dollars in past-due fees from Vodafone Group Plc’s beleaguered local venture, as the government seeks to strengthen ties with the UK, people familiar with the matter said.

India considers settling Vodafone financial dispute to strengthen UK ties

India’s long-standing dispute with the local subsidiary of British telecoms multinational Vodafone Group may come to an end through a one-time settlement, as the government seeks to strengthen ties with the UK. The Rp2trn ($22.6bn) financial dispute could be settled through a waiver of interest and penalty fees, sources told Bloomberg. British Prime Minister Keir Starmer is due to visit India this week, which a source says has accelerated effort…

India Mulls Vodafone Dues Resolution to Strengthen UK Ties

As the government looks to improve relations with the UK, India is thinking of settling its long-standing demand for billions of dollars in past-due fees from Vodafone Group Plc's struggling local business once and for all, according to people familiar with the situation.As per various media reports, a compromise on the principle and a waiver of interest and penalties might resolve the financial issue worth around 2 trillion rupees ($22.5 billio…

India Weighs Settlement in Vodafone Idea AGR Dispute Ahead of UK PM Visit

India is considering a one-time settlement of its longstanding dispute with Vodafone Group Plc’s local venture, Vodafone Idea Limited (VIL), over billions of dollars in unpaid telecom fees, as New Delhi seeks to bolster ties with the United Kingdom, according to a Bloomberg report by Alisha Sachdev and Santosh Kumar, citing people familiar with the matter. Also Read: Airtel Unlikely to Challenge Fresh AGR Demand Government Considers AGR Settle…