With $25bil Debt, almost $1bil Operating Loss per Quarter, Vodafone Idea, Seeks Airtel’s Help

Straddled with staggering debt, some becoming due in a year, soaring operating losses amid subscriber exodus, @Vodafone Idea is a picture of the disaster it was trying not to become. It’s now asking @Airtel to pick up 5% in its tower business at $450 mil roughly to get past the current crisis. Things are getting bleaker for Vodafone Idea as the Indian telecom market moves toward reduced competition, more stable pricing, and a predictable regulatory environment.  More:

Leave a Reply

Your email address will not be published. Required fields are marked *