Vodafone Idea Continues its 20 Month-Long Subscriber Losing Streak

Also Read: Vodafone Idea Data and Voice Volumes Remain Low Despite Its Lucrative Offerings

Vodafone Idea (Vi) Wireless Subscribers for November 2022

If we look at the November 2022 wireless subscriber numbers, except for Delhi, Karnataka, Odisha and Tamil Nadu, Vi lost wireless subscribers in all other circles. Its priority circle, Kerala, too, lost subscribers. Although Vi talks about Rural subscribers, the telco is losing rural subscribers too if we look at the numbers for more than a year now.

Recent Developments with Vodafone Idea

From what we can infer from the tariff plans and actions, though the company management talks about Tariff correction in various instances, the telco doesn’t walk the talk.

Equity Conversion

The Government clears the equity conversion of Vodafone Idea dues on Friday, making the Government the single largest shareholder of the telco with a 33% stake in the company. The total amount to be converted into equity shares is Rs. 16,133,18,48,990. Accordingly, the company has been directed to issue 1613,31,84,899 equity shares of the face value of Rs. 10 each at an issue price of Rs. 10 each.

Also Read: Vodafone Idea Gets Green Flag to Convert Interest Dues to Equity for Govt

Vodafone Idea Needs Cash

If we look at the development, the dues which Vi needs to pay are converted as equity and given to Government. This doesn’t mean anything to the company to benefit largely as the telco needs cash to operate. With a quarterly loss of thousands of crores and losing subscribers Month on Month, it needs to be seen if Vi can bring some investors on board. Even if Vi is able to bring some investors, one thing is sure that with the current tariffs losses will continue. So, what is the plan that Vi has to make profits and recover the old losses, pay interests is something highly imaginary. Even if done so, at what tariffs?

With No 5G announcements as of date, Poor Service quality (from what we experience daily), and Free Data benefits to inactive users (users who are not on any active recharge plan), it needs to be seen what’s the road ahead for the telco.

Also Read: Vodafone Idea Gifting Free data to Users without Active Plan is Not Good

Conclusion

Vodafone idea is close to 2 years of wireless subscriber losing streak (precisely 20 months now). Its subscribers are leaving it irrespective of its lucrative offerings in the market. No Telco in India is offering the kind of benefits Vi is offering customers, but still, the telco is losing subscribers Month on Month, showing the state of service quality. With the Government approving Equity conversion now, It needs to be seen how things pan out. Only time will tell what’s the road ahead for Vodafone Idea.

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