Why Is Vodafone Idea In Loss?

What happened Vodafone idea?

On 31 August 2018, Vodafone India merged with Idea Cellular, and was renamed as Vodafone Idea Limited.

However, the merged entity continues using both the Idea and Vodafone brand..

Is Vodafone in financial trouble?

RBC Capital Markets has released an investor note warning Vodafone might be in a spot of bother following years of restructuring, M&A, as well as the risk associated with up-coming spectrum auctions.

Is Vodafone going to shut down in India?

While, it seems there is no imminent plan by Vodafone to leave India, not everything is right with its business. … The report hints that the company may shut down its India operations unless the Indian government gives some relaxation to the company on demands for mobile spectrum fees.

Why is Vodafone in loss?

The firm, which has to pay Rs 51,400 crore dues after the apex court ordered the non-telecom revenues to be included in calculating statutory dues, said the liability has “cast significant doubt on the company’s ability to continue as a going concern”. … Vodafone Idea’s losses stood at Rs 14,603.9 crore in FY19.

Is Vodafone going to be shut down?

No. If you’re a Vodafone or an Idea customer, we remain committed to providing you with the best experience every day, and your services will continue as normal. …

Is Vodafone idea a good buy?

“Vodafone Idea has gained over 100% in the last 10 trading sessions and it is a good time to book profits in this stock now,” Amit Gupta, Cofounder Tradingbells, told Financial Express Online.

Which share is best to buy?

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Can I reduce my phone bill Vodafone?

** Cancelling certain services, like roaming, or switching to Pay as you go can make your phone bill more manageable. … Unfortunately, we can’t offer you any financial services.

What happens if Vodafone bill is not paid?

If you did not pay your vodafone postpaid bill then the company will send you a letter telling you to pay your liabilities with them. In case you did not comply with this, they will terminate your account and you can no longer use your subscription. So might as well pay your bills on time to avoid problems like these.

Is Vodafone going out of India?

Last year, Vodafone’s CEO Nick Read said that the company could exit the market if the government doesn’t offer any relief. Even though he later apologised and clarified that Vodafone has no plans to leave India — many analysts still feel that the company is teetering on the edge of survival.

Is Vodafone Chinese company?

Vodafone Group plc (/ˈvoʊdəfoʊn/) is a British multinational telecommunications company. Its registered office is located in Newbury, Berkshire, England and its global headquarters is based in London, England.

Will Vodafone idea survive?

Financially, Vodafone-Idea is not in a position to pay this large amount of money and they would not survive if there is no further equity injection in the company and they continue to lose market share like this.

Why is idea going down?

Vodafone Idea share price opened with a loss of 10% at Rs 5.43 on BSE today after the telco lost 3.6 crore wireless subscribers in November. … Vodafone Idea lost maximum 3.6 crore wireless subscribers in November which led to its stock falling up to 39.30% to Rs 3.66 against previous close of Rs 6.03 on BSE.

What went wrong with Vodafone idea merger?

But curbs on investment hurt customer experience and lead to subscriber churn. It can be concluded that the merger was short-sighted and lacked direction. Instead of solving each other’s problems, they ended up consolidating them.

How long does it take for Vodafone to cut off?

180 daysWhy Vodafone cut him off And if PAYG customers don’t make a ‘chargeable’ call within 180 days Vodafone will assume your number is no longer needed. So it pops that number in the pot for ‘churning’, which means it can be handed out to someone else.