What went wrong with Vodafone in India?

Add debt accumulated from investments ploughed into infrastructure over the years and VI is left with a $30 billion drag on its performance. That in turn left it with a deteriorating network because of its inability to invest in new infrastructure.

Will Vodafone will survive in India?

Vodafone Idea will survive and be competitive in the market and will invest the cash saved through the 4-year moratorium on AGR and spectrum payments into expanding its network and participating in 5G auctions instead of repaying debt, the company’s managing director Ravinder Takkar said Wednesday.

Why is Vodafone under loss?

Vodafone Idea (Vi) narrowed its net loss by 71 per cent to Rs 7,319 crore in first quarter FY 2022 on a year on year basis on account of lower exceptional expenses. On a sequential basis, however, it was a weak showing and the loss widened from Rs 7,022 crore due to lower revenue.

Is VI closing in India?

Indian telco Vodafone Idea (Vi) is reportedly close to “point of collapse” and needs help from the Government, one of its investors said this week. Last year the Supreme Court of India gave Vi and Airtel 10 years to pay, with the first installments of 10 percent due in March 2021.

Why is Vodafone not making further investments in India?

The Vodafone Plc boss has made it clear that it will not make further investments in the Indian joint venture. That is understandable as the parent company has taken write-downs in 2010 as well as 2016 of £6.8 billion, which is two-thirds of the purchase price of its Indian business.

Why Vodafone Idea shares have crashed 81\%?

Vodafone Idea shares have crashed nearly 81 per cent from the date Vodafone India and Idea Cellular amalgamated their operations to become the single largest telecom company in India.

Why Vodafone Idea failed to sustain the number one position?

However, the mega telecom enterprise Vodafone Idea has failed to sustain the number one position according to the number of active mobile subscribers, revenue, as well as profit. Mukesh Ambani-led Reliance Jio has surpassed Bharti Airtel and Vodafone Idea to become the largest telecommunications company in India.

How many countries does valuevodafone operate in?

Vodafone owns and operates networks in 25 countries, and has partner networks in 47 further countries.