| Category | Business & Finance |
| Link Type | Do Follow |
| Max Links Allowed | 2 |
| Domain Authority (DA) | 59 |
| Page Authority | 34 |
| Moz Rank | 3.4 |
| Links In | 246 |
| Equity | 212 |
| Google Indexed Pages | Check Indexed Pages |
| Sample Guest Post |
https://www.business-tweet.com/category/ ... |
| Misc SEO Metrics |
SemRush Rank notfound SemRush Keywords num notfound SemRush Traffic notfound SemRush Costs notfound SemRush URL Links num 171 SemRush HOST Links num 390 SemRush DOMAIN Links num 404 Facebook comments 1 Facebook shares 40 Facebook reactions 6 |
Vodafone Idea had initially hoped to secure the necessary funding by late November. However, in light of the AGR petition’s dismissal, the debt-raising efforts are now likely to be delayed. This comes as the company grapples with mounting liabilities and a tough competitive landscape, particularly against rivals Reliance Jio and Bharti Airtel.
The government, which holds a 23.15 per cent stake in the company, remains a key player in Vi’s financial recovery. The Aditya Birla Group (14.76 per cent) and Vodafone Group (22.56 per cent) are also co-owners of Vi.
The debt funding is crucial for the company to execute its Rs 50,000-Rs 55,000 crore capital expenditure (capex) plan over the next three years. This plan aims to expand Vi’s 4G coverage and accelerate the rollout of 5G services in priority markets, which is vital for the telco to remain competitive. However, the delay in securing these funds raises concerns about the feasibility of the plan.
Vi’s CEO Akshaya Moondra, has stated that banks are now seeking clarity from the government on possible relief for the company’s substantial AGR dues, as well as a potential waiver of bank guarantees (BGs), before they can proceed with lending, the report said.
Vi has also indicated that it intends to bridge any potential cash shortfall through further debt-to-equity conversions with the government. Additionally, the company has been actively lobbying for the removal of the bank guarantee requirement for spectrum it acquired before 2022. This would ease the pressure of securing Rs 24,746 crore in BGs in the coming months.
