Chief Executive Nick Read said India, where Vodafone formed a joint venture with Idea Cellular in 2018, had been "a very challenging situation for a long time", but Vodafone Idea still had 300 million customers, equating to a 30% share of the sizable market.
"Financially there's been a heavy burden through unsupportive regulation, excessive taxes and on top of that, we got the negative supreme court decision," he said on Tuesday.
Vodafone had asked the government for a relief package comprising a twoyear moratorium on spectrum payments, lower licence fees and taxes and the waiving of interest and penalties on the Supreme Court case, which centred on regulatory fees.
Asked if it made sense for Vodafone to remain in India without such a relief package, he said: "It's fair to say it's a very critical situation."
This story is from the November - December 2019 edition of Cochin Herald.
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This story is from the November - December 2019 edition of Cochin Herald.
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