Vodafone Idea plans to clear Rs 1,500 cr debt to Nokia by December 2025

Vodafone Idea (Vi) plans to settle its outstanding legacy operational dues to Finland’s Nokia, totalling around Rs 1,500 crore, through multiple cash instalments by December 2025, according to a report by The Economic Times.

The report quoted a source as saying, “But the Finnish vendor is yet to accept the proposal.”

The loss-making telecommunications company recently issued 1,027 million equity shares to Nokia through a preferential issue, thereby settling approximately half (Rs 1,520 crore) of its debt to the network solutions provider.