Indus Towers on Wednesday said the collections from one of its largest customers Vodafone Idea has improved in the October-December quarter, and it expects the telecom operator to continue clearing its monthly bills.
In January, Vodafone Idea paid Indus Towers Rs 300 crore towards its past dues, which the company recognised in the October-December quarter. Payment by Vodafone Idea for its part past dues was in addition to its monthly bills, Indus Towers said, without naming the telecom operator.
“Collection from one of our major customers (Vodafone Idea) slightly improved in Q3 (October-December), with some collection against the past overdue,” said Prachur Sah, managing director and chief executive officer of Indus Towers during the October-December earnings call.
Sah, who also completed its first year at Indus Towers as MD & CEO in January, said, “we are working with…
