Vodafone Group will Not Inject New Equity into Vodafone Idea
Vodafone will not inject new equity into its Indian venture, Nicholas Read, CEO of Vodafone Group, said in the earnings call on Tuesday. Vodafone, the world’s second largest mobile operator reported its FY20 results on Tuesday with the group posting…
This guy read is smoking something VERY high. A month back during meeting with prasad he mentioned he is here for a new and fresh begining of it's joint venture. 6 months back too he took different stance...
Such conflicting stand of promoters clearly indicates they are not SERIOUS about india venture. It is occasional lip service they do with ministers to milk out incentives of JV in india. Mind you this company is enroute to its demise soon.
I am closely monitoring it's road downwards and signals on ground are alarming... A prominent store closed down in my area and all vodafone store employees are worjing out of small and filthy idea store nearby. Can you imagine they have switched off lights and fan of the store to save money...
Correct. They will force Govt to provide some relief package and then will take all the money to UK. Better not to support this thief. If they are not interested then Govt should not help them. Govt must provide relief package only if they invest heavily.
Vodafone becoming new RCOM. Lots of people complaining about false VAS deduction. Even 49 rs customers complaining that out of 38 rs TT they received majority amount is wiped by caller tune or other VAS like some unwanted alerts , same like RCOM before their closure.
These Vodafone bhikaris are also not investing in network upgradation in Mumbai since last few months in spite of repaeated complaints to appellate regarding poor 4G network coverage, and are giving false reasons and excuses to not invest. Vodafone people are the mostoat arrogant and insensitive people ive ever experiwnced. Seems these Vodafone bhikaris don't have the money for network expansion and are in cutting mode even in important and metro city like Mumbai.
If they dont have the money and cant invest, they why the F are they still taking money from customers and providing them C grade network and service. They should quit India and get out, instead of feeding off on consumer money like leeches!
Bye bye Vodafone 😛
Vodafone 4G does not appear/exist anymore. Unable to register on Idea 4G.
Their integration with is worst unable to use data services in idea network .And Vodafone signal not available on most of the area.BSNL is hurdled by these operator lobby to close the services. Our govt is always ready to help private than govt
Dear Vodafone PLC, It's not just Vodafone but India too is in a tight spot economically and to be honest, India has come halfway to help you mitigate your losses and the country can only bear or do so much. Expecting a poor nation to bail you out is a bit far fetched. If this has something to do with IDEA then talk it out with these guys. Am sure you can inject working capital into your Indian arm for the next one year. Good luck !!
Leave a reply