Vodafone Idea’s plan to raise funds through a mix of equity and debt is “unlikely” to restore its competitive position and reverse subscriber losses, as the amount would not be sufficient for capex, it argued.
“We believe Vodafone Idea will gradually lose market share given its weak balance sheet and limited financial flexibility,” a Fitch release said, adding that Jio and Bharti, on the other hand, are expected to gain market share on the SC verdict.
Dues payment over 10 yrs not enough to aid Vodafone Idea; expect market gains for Airtel, Jio: Fitch Ratings
“We believe Vodafone Idea will gradually lose market share given its weak balance sheet and limited financial flexibility,” a Fitch release said, adding that Jio and Bharti, on the other hand, are expected to gain market share on the SC verdict.
Dues payment over 10 yrs not enough to aid Vodafone Idea; expect market gains for Airtel, Jio: Fitch Ratings