Key Points
Mumbai: Vodafone Ideas discussions with banks, its promoters and external investors to raise funds have picked up pace in the past month, as most of the provisions of the telecom relief package have been implemented, the cash-strapped telecom operators chief executive said on Friday...
Vodafone Idea (Vi) has also taken steps like reducing the validity of its entry-level prepaid pack in Mumbai to improve the average revenue per user (ARPU) and will observe the results of this before expanding it to other markets, Akshaya Moondra said on a post-results call..
The company, Indias only private lossmaking telco, reported its fiscal fourth-quarter results on Thursday...
Currently multiple discussions (on fundraising) are on, and these discussions have happened actively in the past one month or so, post the conversion to equity by the government, Moondra said...
Vi, on the other hand, has yet to announce its 5G rollout plans.. 5G has not impacted churn maybe because there are multiple challenges when it comes to consumers using 5G, like battery usage and figuring out 5G tariffs, he said.. Competition (Airtel and Jio) is giving 5G data for free, which is good for the consumer but, as has been mentioned by competition, is not sustainable, he said..
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