Vodafone Idea s FPO sees slow response. Uncertainty around profitability and debt reduction persists. VI is the third largest telco in India based on subscriber base.
Vodafone Idea s FPO sees slow response. Uncertainty around profitability and debt reduction persists. VI is the third largest telco in India based on subscriber base.
Vodafone Idea s FPO had a 26% subscription rate. Vi raised Rs 5,000 crore from 60 anchor investors. Analysts warn about profitability uncertainty and caution retail investors. The company aims to enhance its network infrastructure and roll out 5G services.
With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry.
The fourth quarter, January-March, is considered soft, and will continue to see the headwinds the sector has been facing. And the sector has entered the new financial year on a weak footing.
Analysts are expecting Tier-I firms to report sequential growth of -1 per cent to 1.5 per cent and midcap players growth may range between 0.7 per cent and 4 per cent.