NEW DELHI -- Despite a cash injection from an owner to help its operations during the novel coronavirus pandemic, Vodafone Idea, one of three key telecom operators in India, still faces an existential threat.
U.K.-based Vodafone, which owns about 45% of the India joint venture with local conglomerate Aditya Birla Group, on Wednesday said it accelerated a payment of $200 million to Vodafone Idea so that it has sufficient liquidity to operate as business conditions deteriorate amid a nationwide lockdown.
