Vodafone denies India market exit rumour, says actively engaging with govt

The statement further noted that Vodafone is actively engaging with government and they are fully supportive of their local management as they continue to manage the joint venture

Amid concerns around how telecom operator Vodafone Idea (VIL) will cope with the Supreme Court ruling on adjusted gross revenue (AGR) payments, the company and its UK based JV partner Vodafone Group issued separate statements to assuage investor concerns. There have been rising concerns that the UK based Vodafone Group would exit the Indian telecom joint venture, according to some reports.

“Vodafone is aware of the unfounded and baseless rumours circulating in some of the Indian media that we have decided to exit the (India) market. We would like to categorically state that this is not true and is malicious,"said