Vodafone Idea seeks debt revamp as losses mount, users bolt
A spokesman for Vodafone Idea said the company hasn’t asked lenders to rework payment terms
The distress at India’s No. 2 phone operator deepened last week after the nation’s top court ordered it to pay about $4 billion in past dues
Vodafone Group Plc’s Indian venture, reeling under $14 billion of net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the sinking carrier, people with direct knowledge of the matter said.