Vodafone Idea shares have won for the past two days – which is a rare event. In fact, the market capitalization swelled at ₹ 2,000 crore after the news about the planned fundraising, especially from global players who were well capitalized as Amazon had begun to take a round.
For almost three years now, Vodafone Idea has tried to collect ₹ 25,000 crore to graze from its agr problem and make network and spectrum investment into a market that now shows signs of optimism with low competitive intensity.
According to media reports, it might almost achieve an agreement with Global Tech Major Amazon, to collect as many as 20,000 crore.
According to a report by the Economic Times, Vodafone Idea is expected to collect ₹ 10,000 crore through the sale of equity shares, and ₹ 10,000 crore through debt. The latter will send the total debt of more than ₹ 2 Lakh Crore, but the Director of Implementing Company Ravinder Takkar does not jolt, said that the government has nearly 90% of this debt.
Previously, the telecommunications led by Takkar said that it needed ₹ 25,000 crore to reverse his wealth and remained competitive-from this, he had collected ₹ 4,500 crore in April. If they raise this amount too, then their war coffin will almost be full – and bring it back to the market with full force.
Vodafone’s ideas continue to lose millions of customers every month
Vodafone Idea offer to turn his business and stabilize the operation will require a lot of work. Has lost millions of customers every month.
In the first three months of 2022, lost 4.7 million customers. Throughout the fiscal year 2021-22, telecommunications lost nearly 23 million customers on average 1.9 million loss of customers every month.
In the same period, his rival Airtel added 8 million customers, although Jio lost nearly 19 million customers as well. However, Jio’s loss due to telecommunications cleaning his inactive and not paying blackboard.
Although it is not certain who the investor is, a report by Ken suggested that it could become an Amazon. The e-commerce giant has so far been abandoned by Google, Facebook and Microsoft’s rival, all of which partner with Airtel and Reliance Jio, or have invested billions of dollars in these companies.
Vodafone’s idea, on the other hand, hasn’t seen a dollar from them. Amazon is said to be exploring a joint investment of $ 4 billion with US Operator Verizon at Vodafone Idea in 2020, but it did not work.