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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
The survival of Vodafone Idea is slowly on the verge of the cliff because of heave financial liabilities and losing customer base. As per various reports by analysts, Vodafone Idea is staring at a slow death if it fails to acquire around Rs 26,000 crore to Rs 37,000 crore from fundings. The raised amount will be used to clear AGR dues, payment obligations and more. Vodafone Idea reported the lowest quarterly revenue in more than two years. The telco’s April-June quarter losses accounted for Rs 7,312.9 crore from Rs 6,985.1 crore. The quarterly revenue fell 4.73% sequentially to Rs 9,152.3 crores, and ARPU fell to Rs 104 from Rs 107.
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Vodafone Idea Needs Funding Within Six Months
To get away from the clutches of slow death and retain in the Indian telecom space, Vodafone Idea needs around $3.5-5 billion of funding within six months. As per an ET Telecom report, the telco will be able to pump nearly $1.5-2 billion annually towards network capex if the funding plans are successfully executed. Nitin Soni, Senior Director at Global Ratings Agency Fitch, marked that Vodafone Idea’s Rs 940 crore network capex in the June quarter will translate to nearly Rs 3,760 crore annually, which will be even less for managing the telco’s pan-India network. On the other side, rivals Reliance Jio and Bharti Airtel are nearly investing over $3 billion in network capex annually.
