Question: Why Is Vodafone In Loss?

Is Vodafone shutting down in India?

While, it seems there is no imminent plan by Vodafone to leave India, not everything is right with its business.

The report hints that the company may shut down its India operations unless the Indian government gives some relaxation to the company on demands for mobile spectrum fees..

Who will take over Vodafone idea?

However, the merged entity continues using both the Idea and Vodafone brand. Currently, the Vodafone Group holds a 45.1% stake in the combined entity, the Aditya Birla Group holds 26% and the remaining shares will be held by the public….Vodafone Idea.TypePublicTotal equity₹- 59,799 million (US$−840 million) (2020)18 more rows

What is the future of IDEA Vodafone?

“The company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR [adjusted gross revenue], as interpreted by the Hon’ble Supreme Court in its order dated 24 October 2019,” Vodafone Idea said in a BSE filing.

Why is Vodafone idea in loss?

In a regulatory filing, Vodafone Idea (VIL) reported widening of March quarter net loss to Rs 11,643.5 crore. ETTelecom Vodafone Idea maintained it plans to monetise its 11.15 per cent stake in Indus Towers on completion of the Indus-Infratel merger.

Can Vodafone idea survive?

Financially, Vodafone-Idea is not in a position to pay this large amount of money and they would not survive if there is no further equity injection in the company and they continue to lose market share like this.

What happens if Vodafone bill is not paid?

If you did not pay your vodafone postpaid bill then the company will send you a letter telling you to pay your liabilities with them. In case you did not comply with this, they will terminate your account and you can no longer use your subscription. So might as well pay your bills on time to avoid problems like these.

What happens if I dont pay my Vodafone bill?

If you’ll not pay the bill or disconnect the connection without paying bills, the customer care will keep calling you and after some months they’ll put you in defaulter which will definitely going to impact on your CIBIL score.. …

Will idea close down?

It is unlikely that Vodafone Idea will shut down, as in the worst case scenario, they can move NCLT for a resolution.” In 1999, telecom industry migrated to the revenue sharing regime from the earlier fixed license fee era.

What went wrong with Vodafone idea merger?

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.

Is Airtel going to close down?

More From Our Partners. NEW DELHI: Telecom major Bharti Airtel on Friday said that it expects to shut down its entire 3G network across the country by March 2020, the process for which has already started with Kolkata service area.

How long does it take for Vodafone to cut off?

180 daysWhy Vodafone cut him off And if PAYG customers don’t make a ‘chargeable’ call within 180 days Vodafone will assume your number is no longer needed. So it pops that number in the pot for ‘churning’, which means it can be handed out to someone else.

How much debt does Vodafone idea have?

According to a recent research report by Motilal Oswal Financial Services (MOFSL), Voda-Idea has gross debt of Rs 1.2 trillion, of which around Rs 900 billion is government’s deferred spectrum debt, while around Rs 250 billion is bank debt.

Is Vodafone in financial trouble?

RBC Capital Markets has released an investor note warning Vodafone might be in a spot of bother following years of restructuring, M&A, as well as the risk associated with up-coming spectrum auctions.

Who is CEO of Vodafone India?

Ravinder Takkar (Aug 19, 2019–)Vodafone Idea/CEORavinder Takkar will be appointed as the new MD and CEO with immediate effect, the company said in a statement. NEW DELHI: Ravinder Takkar, an old hand at Vodafone Group, will be taking the reins of Vodafone Idea Ltd as chief executive officer with immediate effect after Balesh Sharma having quit for personal reasons.

Is Vodafone going to be shut down?

The telecom operator has in recent months repeatedly said that it will be forced to shut down if government continues to demand more than Rs 53,000 cr from it under a new definition of ‘revenue’. …