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Vodafone Idea faces investor heat over losses, subscriber wipeout

Livemint

Livemint · 2m ago

Vodafone Idea faces investor heat over losses, subscriber wipeout

Retail investors criticized Vodafone Idea during an extraordinary general meeting over its dwindling subscriber base, declining stock price, and unclear future plans despite various funding efforts. Concerns were amplified due to the company's financial obligations nearing ₹18,000 crore annually starting March 2026 for AGR and spectrum dues. The absence of Aditya Birla Group chairman, Kumar Mangalam Birla, from the meeting further raised investor concerns, as Vodafone Idea struggles with financial health and shareholder confidence.

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ET Graphics: Vodafone Idea road to reconnect

Economic Times

Economic Times · 11d ago

ET Graphics: Vodafone Idea road to reconnect

Abhijit Kishore will become CEO of Vodafone Idea on August 19, succeeding Akshaya Moondra. Vodafone Idea faces significant financial challenges, threatening its operation as a going concern, despite efforts to stabilize finances and initiate 5G rollouts under Moondra. The company has continued to incur annual losses and has seen subscriber decline as it battles market competition.

Vodafone Idea narrowed its net loss to Rs 6,608 crore in the June quarter

Economic Times

Economic Times · 14d ago

Vodafone Idea narrowed its net loss to Rs 6,608 crore in the June quarter

Vodafone Idea reduced its net loss to Rs 6,608 crore in the June quarter, aided by increased revenue from 4G and 5G users and reduced finance costs. The company significantly curbed subscriber losses and expanded its 4G/5G subscriber base marginally. It launched 5G services in 22 cities and plans wider coverage. Despite these efforts, Vodafone Idea remains financially constrained, seeking funding to manage its liabilities and expand its network amidst competitive challenges.

Vodafone Idea in 'better position than 6 months ago,' says Nuvama maintaining 'Hold' rating

Business Today

Business Today · 6m ago

Vodafone Idea in 'better position than 6 months ago,' says Nuvama maintaining 'Hold' rating

Nuvama Institutional Equities notes that Vodafone Idea Ltd (VIL) has improved over the past six months, yet significant factors must align for it to become an attractive investment. A Department of Telecom bank guarantee waiver is positive, but investor attention is on VIL's key operational metrics. VIL faces challenges like subscriber loss, tariff hikes, and capital investment needs. The brokerage maintains a 'Hold' rating while acknowledging potential barriers such as market shifts and regulatory developments.

Duopoly is not good: Chidambaram backs VI revival while warning against govt takeover

Economic Times

Economic Times · 2m ago

Duopoly is not good: Chidambaram backs VI revival while warning against govt takeover

Former Union Finance Minister P Chidambaram supports reviving Vodafone Idea to prevent telecom sector duopoly and criticizes government takeover. He suggests a global telecom leader should take over, citing historical sector diversity. The government considers restructuring Vi's hefty dues to aid its financial struggle. Vodafone Idea is pursuing significant funding to stabilize and compete with Jio and Airtel. Despite existing challenges, including subscriber losses and debt, Vi aims to regain market share through strategic financing efforts.

Vi gets fewer consumer complaints, aims to bolster customer retention

Livemint

Livemint · 1y ago

Vi gets fewer consumer complaints, aims to bolster customer retention

Vodafone Idea, the third-largest telecom service provider in India, has improved its customer service by handling 60% of service requests digitally, up from 40% last year. This has resulted in a decrease in customer complaints and an improvement in the Net Promoter Score (NPS). The company has empowered frontline staff and introduced the Vi App to provide real-time solutions to individual customer needs. Additionally, Vodafone Idea has expanded its physical presence through Vi Mini Stores and Vi Shops. These efforts have contributed to stabilizing its subscriber base and reducing subscriber losses.

Jio, Airtel, Vi record customer loss post tariff hike, BSNL becomes only gainer in July

Money Control

Money Control · 11m ago

Jio, Airtel, Vi record customer loss post tariff hike, BSNL becomes only gainer in July

In July, state-run BSNL emerged as the only player to gain new subscribers and lead the market in terms of net customer addition in India's telecom sector. Other major players, including Reliance Jio, Bharti Airtel, and Vodafone Idea, reported a decline in customer base due to a tariff hike. BSNL added over 2.94 million mobile subscribers in July, while Airtel lost 1.69 million subscribers, Vodafone Idea lost 1.41 million, and Reliance Jio lost 758,000 subscribers. Overall, the telecom subscriber base slightly decreased to 1,205.17 million in July.

June active user additions led by Metro, A circles: Jefferies

Economic Times

Economic Times · 29d ago

June active user additions led by Metro, A circles: Jefferies

In June, Indian telecom active subscriber growth continued, primarily driven by Metro and A circles, counterbalancing losses in smaller areas, as reported by Jefferies. Reliance Jio and Bharti Airtel led additions, with Jio outperforming Airtel for the fourth month. Vodafone Idea continued losing subscribers, albeit at a slower pace. Jio's market share increased to 43%, while Airtel's slightly declined to 36%. The sector saw strong growth potential, despite high mobile number portability requests.

Vodafone lenders worried about the fate of loans

Livemint

Livemint · 1m ago

Vodafone lenders worried about the fate of loans

Vodafone Idea Ltd's lenders are concerned about the telecom operator's financial stability as it seeks an additional ₹35,000 crore in loans. The apprehension stems from the possibility that the company may prioritize paying government dues over new bank loans, amid its ongoing financial struggles. The Supreme Court recently rejected the company's appeal to waive dues linked to adjusted gross revenues (AGR), intensifying the telco's burden. Since FY17, Vodafone Idea has reported consistent losses.

Indus Towers expects growth as Airtel, Vodafone Idea expand: Analysts

Money Control

Money Control · 1y ago

Indus Towers expects growth as Airtel, Vodafone Idea expand: Analysts

Indus Towers anticipates high capex intensity for this year as Bharti Airtel rapidly deploys towers and Vodafone Idea expands 4G and introduces 5G. Indus expects a fair share in Vodafone Idea's expansion, despite increased competition. The tower company also expects overdue recovery of up to INR 5,400 crore from Vodafone Idea. Additionally, Vodafone Idea is expected to roll out over 60,000 tenancies, offering lucrative opportunities for the Indian tower industry. Indus Towers has been in discussions with both Vodafone Idea and Bharti Airtel for network expansion and rollout with sharing benefits.

Not received communication from govt regarding considering relief of Rs 84,000 cr, says Vodafone Idea

Economic Times

Economic Times · 2m ago

Not received communication from govt regarding considering relief of Rs 84,000 cr, says Vodafone Idea

Vodafone Idea (Vi) announced it hasn't received any government communication regarding possible relief of Rs 84,000 crore in outstanding regulatory dues. Despite media reports suggesting government intervention, the company confirmed it would update stakeholders with any developments. Vodafone Idea, owing Rs 83,400 crore in AGR dues as of March 2025, faces financial difficulties, needing to pay Rs 18,064 crore by March end. Concerns exist about Vi's future without regulatory relief.

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