Actually
@thisisjagan bro, they (Promoters) do NOT want to invest their own money. They want to do business when it is easy like the good old Cartel days, with maximum profits from minimum of the minimum investment. But that is NOT possible with Jio as the competitor.
So
for other investors, this looks like "lack of confidence", whereas
the reality is more like "lack of interest for doing Business in tough times". As a result, no investors are ready to give their money.
The comedy here is VoId also NOT ready to take blame as well. That's why, VoId tried to blame Govt and their policies like, "
ease of doing business blah blah blah,
too much regulation blah blah blah,
high taxation blah blah blah,
floor pricing blah blah blah,
unsustainable business blah blah blah,
that's why no investors blah blah blah,
we have invested a lot blah blah blah,
Govt has to do something blah blah blah".
But to their horror, Govt was also not ready to take blame as well and gave one of the best revival package and now ball is in the court of VoId.
There is a famous saying, "
Either LEAD or FOLLOW or GET LOST. But DON'T DO ALL THE THREE AT THE SAME TIME". Sadly, VoId is doing just that. They have no money to invest in network. But they have money for useless branding, sponsoring events & fake 5G trial speeds (
yeah the same VoId which can't give VoLTE to their users).
