Vodafone Idea needs fundraising at earliest
To restrict loss of subscribers: Report
image for illustrative purpose
New Delhi: Vodafone Idea needs a sizable fund-raising at the earliest to increase capex to restrict the loss of more subscribers, says a report by Emkay Global Financial Services.
VIL’s subscriber base declined for the 28th month in a row, down by 1.3 million. Subscriber losses persisted in Jul-23, with the telco losing another 1.3mn subscribers.
The VLR base declined by 0.4mn (moderation from 2.5 mn dip in Jun-23), as the VLR proportion improved to 88.6 per cent in Jul-23 from 88.3 per cent in Jul-23. This is the 16th consecutive month of the VLR subscriber-base decline. VIL lost VLR subscribers in 14 of the 22 circles MoM in July. The dip in VLR base was led by UP (E) and Bihar, whereas Maharashtra reported the highest increase in the VLR base, the report said.
