Vodafone Idea may go for fund raising after AGR verdict, plans tariff hike

Discarding 2G is wrong, says CEO; company highlights five-point strategy to increase revenue and profit

Vodafone Idea Managing Director and Chief Executive Ravinder Takkar on Friday hinted at tariff hikes and said any suggestion to discard 2G network was wrong as it provided low-cost service option to certain segment of the society. Around 58 per cent of Vodafone Idea’s 280 million customers are on 2G network.

The company will consider raising fund after the outcome of the adjusted gross revenue case in the Supreme Court, the management said in an analysts’ call on Friday, while highlighting a five-point strategy to increase revenue and profit. Vodafone Idea posted pre-tax loss of Rs 25,460 crore in the first