Is Vodafone-Idea merger successful?
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Is Vodafone-Idea merger successful?
The company lost 14 million subscribers in the June quarter, taking the losses in the past year to about 115 million users. The month of June ended with Vodafone-Idea having just 320 million users. However, the merger failed to solve both the company’s existing issues.
What is the future of IDEA Vodafone?
Vodafone Idea plans to invest Rs 27,000 crore in FY20 The debt-ridden company has advanced its target date to complete integration of Vodafone and Idea Cellular business to financial year 2021 from fiscal 2023.
What will happen to Vodafone-Idea customers?
What then, will happen to the 270 million subscribers of Vodafone Idea, its creditors who have lent ₹1.75 lakh crore to the company, and the broader Indian telecom market?…Banks and ancillary service providers will suffer too.
| Bank | Amount | \% of loan book |
|---|---|---|
| IDFC First Bank | ₹3,240 crore | 2.90\% |
| Yes Bank | ₹4,000 crore | 2.40\% |
What is the reason of idea Vodafone merger?
Reasons For Vodafone Idea Merger The main reason for the Vodafone-Idea merger is to Handel the rising dominance of Reliance Jio in the Telecom industry. As Jio announced to provide free services in the first 6 months. As a result, it started to capture the maximum part of the market.
Will VI shut down 2021?
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.
Where did Vodafone idea go wrong?
For Vodafone Idea, it took much longer to bring VoLTE and 4G offerings to the market – and in the process, it lost a considerable share of its subscribers to Reliance-Jio. Now, we all know how tedious it is to change your telecom provider despite the introduction of number portability.
Will Vodafone idea survive 2021?
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.
What is target of IDEA share price?
NSE -5.15 \% with a target price of Rs 4. The current market price of Vodafone Idea Ltd. is Rs 11.56.
Is Vodafone idea going to shut down?
Is Airtel and Idea merged?
Vodafone India and Idea Cellular had merged on August 31, 2018 and the combined subscriber base of the merged entity stood at 441.65 million. As on August 2018, Vodafone Idea was market leader with 37.85\% share, followed by Airtel with 29.64\% and Reliance Jio at 20.50\%.
Prompted by Jio’s entry, the merger that brought Vodafone Idea into existence has been a problematic distraction for its bosses. Reports of network outages and connectivity issues have dogged the business while it has struggled to integrate two huge and separate network systems.
How can Vodafone idea survive?
Vodafone Idea is confident it can reach a fundraising deal with potential investors, bolstered by a federal government package that provides much-needed relief to the debt-ridden mobile carrier, its chief executive officer said on Wednesday.