Vodafone Idea denied reports it was discussing the sale of fibre and data centre assets with investment companies as part of efforts to meet revised government tax demands.

In a statement, the operator shot down stories regarding discussions with Brookfield Asset Management and Edelweiss Group, noting any decision by its board would be swiftly disclosed to the stock exchange.

India’s second-largest operator by subscribers faces charges of INR400 billion ($5.7 billion) following a Supreme Court ruling over the definition of adjusted gross revenue.

The operator last month announced it intends to raise funds from its fibre-optic and data centre businesses.

Kumar Mangalam Birla, the company’s chairman, last week warned the operator would shut down if it doesn’t get government relief from the fees.