Vodafone Idea s future hinges on relief from government, say analysts
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Without funding, Vi may find it a challenge to meet its immediate Rs 24,000 crore-plus payment obligation (by April next), and if all options collapse, the sector may well be headed for a duopoly
Agencies
Vodafone Idea (Vi) may soon be left without an option but to file for bankruptcy with the Supreme Court rejecting reassessment of its dues to the government, which could spoil its efforts to raise funds in time to meet payment obligations, analysts said.
Given its inability to push through a significant tariff hike in a fiercely competitive telecom market, the cash-strapped telco may find it tough to survive beyond next April without a major relief package from the government, they said.
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