Vi has been struggling operationally and financially for the past several months
Vodafone Idea’s (Vi) deepening financial crisis is likely to accelerate market share loss, and the firm would be unable to meet its annual $5-billion spectrum and adjusted gross revenue (AGR) payable to the government from FY26, brokerage CLSA said in a report on Wednesday.
While Vi is losing customers every month, it has been unable to raise funds. The firm’s capex was 80 per cent lower than rival Airtel in the past nine months. The planned conversion of interest into government equity hasn't materialised yet.
In its report, CLSA has said that Vi’s market share loss was set
First Published: Jan 18 2023 | 6:31 PM IST