What Will Happen To Vodafone Idea
Uppal believes that vodafone idea might fold up based on the comments made by the company itself but says the government tweaking its telecom policy could offer a ray of hope to the beleaguered.
What will happen to vodafone idea. Bharti airtel is in a similar position with both telcos pressing the authorities for relief. As it stands vodafone idea owes the indian government roughly 7 4 billion in spectrum fees overdue payments and fines. Entry of another m. This change will happen across the country over the next few months.
The vodafone idea merger has already led to unilateral decisions against vulnerable subscribers leading to heavy churns. For idea nirvana postpaid customers in delhi maharashtra goa west bengal kolkata assam north east uttar pradesh west uttar pradesh east madhya pradesh circles this change starts from 29th june 2020. Hence idea nirvana postpaid will soon be vodafone red. Of these its rupee loans from yes bank stood at 5 000 crore while indusind bank s exposure stood at.
First round of meetings happened on tuesday government could consider postponing or staggering other payments due to. To date the authorities are not budging potentially undermining any commercial objectives for vodafone in the region. An unlikely merger of airtel and vodafone idea combine would prove to be detrimental to their own interest. In the event vodafone idea decides to shut down operations airtel will be the biggest gainer as it is the only operator which can absorb the entire 2g subscriber base from the former.
What s in it for the customers while vodafone and idea cellular will merge to become india s largest telecom operator its customers will also benefit from better. In the post vodafone idea demise scenario assuming a 40 60 share of vodafone idea s subscribers for jio and airtel jio could see an earnings before interest tax depreciation and amortisation.
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