Vodafone Idea Short of Funds to Incur Capex: ICICI Securities
Vodafone Idea (Vi) is short of funds for incurring capex. The telco has indeed benefitted from the relief measures announced by the government, but the absence of cash for incurring capex is an issue. Vi’s competitors including Reliance Jio and Bharti Airtel are heavily investing in their networks to increase capacity and coverage. But due to stale revenues and cash flow, Vodafone Idea is not able to do that. ICICI... Read More