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<\/span><\/figcaption><\/figure>Kolkata: Vodafone Idea<\/a> (Vi) shares fell nearly 2% to Rs 8.96 on BSE in early Wednesday trade after an ET report that Indus Towers<\/a> had asked the loss-making telco to clear its dues or run the risk of losing access to its towers from November.

Vi’s mobile services to its over 255 million customers could be seriously disrupted if Indus blocks tower access to the cash-strapped telco.

The tower company had shot off this warning to Vi in a strongly-worded letter written on Monday, said two people aware of the matter. This followed an Indus Towers board meeting earlier in the day that discussed the company's mounting trade receivables and noted that it was mainly due to payment delays by Vi.

“Independent directors on the Indus board were upset about the prolonged non-payment of dues by Vi,” one of the people told ET.

Vi’s accumulated dues to tower firms is estimated upwards of Rs 10,000 crore, of which it’s reckoned to owe well over Rs 7,000 crore to Indus and the balance to American Tower Co<\/a> (ATC). The carrier has been trying to raise Rs 20,000 crore, split between more debt from lenders and equity, but hasn't been able to close any deal yet.

Indus had reported a 66.3% on-year fall in its June quarter net profit to Rs 477.3 crore, stung mainly by heavy receivables.

\"Clear<\/a><\/figure>

Clear dues or lose tower access: Indus Towers to Vodafone Idea<\/a><\/h2>

Vi's accumulated dues to tower firms is estimated upwards of Rs 10,000 crore, of which it's reckoned to owe well over Rs 7,000 crore to Indus and the balance to American Tower Co (ATC). The carrier has been trying to raise Rs 20,000 crore, split between more debt from lenders and equity, but hasn't been able to close any deal yet.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>Kolkata: Vodafone Idea<\/a> (Vi) shares fell nearly 2% to Rs 8.96 on BSE in early Wednesday trade after an ET report that Indus Towers<\/a> had asked the loss-making telco to clear its dues or run the risk of losing access to its towers from November.

Vi’s mobile services to its over 255 million customers could be seriously disrupted if Indus blocks tower access to the cash-strapped telco.

The tower company had shot off this warning to Vi in a strongly-worded letter written on Monday, said two people aware of the matter. This followed an Indus Towers board meeting earlier in the day that discussed the company's mounting trade receivables and noted that it was mainly due to payment delays by Vi.

“Independent directors on the Indus board were upset about the prolonged non-payment of dues by Vi,” one of the people told ET.

Vi’s accumulated dues to tower firms is estimated upwards of Rs 10,000 crore, of which it’s reckoned to owe well over Rs 7,000 crore to Indus and the balance to American Tower Co<\/a> (ATC). The carrier has been trying to raise Rs 20,000 crore, split between more debt from lenders and equity, but hasn't been able to close any deal yet.

Indus had reported a 66.3% on-year fall in its June quarter net profit to Rs 477.3 crore, stung mainly by heavy receivables.

\"Clear<\/a><\/figure>

Clear dues or lose tower access: Indus Towers to Vodafone Idea<\/a><\/h2>

Vi's accumulated dues to tower firms is estimated upwards of Rs 10,000 crore, of which it's reckoned to owe well over Rs 7,000 crore to Indus and the balance to American Tower Co (ATC). The carrier has been trying to raise Rs 20,000 crore, split between more debt from lenders and equity, but hasn't been able to close any deal yet.<\/p><\/div>