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Bloomberg
Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, the phone company’s chief executive officer said.
India’s top court ordered Vodafone Idea Ltd to pay $4 billion of fees linked to past frequency licenses last month.
With another airwave auction approaching, Vodafone Idea already has $14 billion in debt and Newbury, England-based Vodafone has pledged not to put any more money into the business. India’s mobile phone industry has been convulsed by a price war.