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News Vodafone Idea is on the verge of a crisis

Mr.Bhat

EntMnt Contributor
#1
Sky-high operating costs
Last year, Vodafone-Idea's share was listed at Rs 23.41 (October 1, 2018), today it's at Rs 5.55. Investors who bought shares in the company’s rights issue at a seemingly low price of Rs 12.50 just five months ago have lost nearly 50 percent of their investment.
How can a company run successfully when operating costs are sky-high and profits are non-existent? Vodafone-Idea has a long list of problems to solve!
In a bid to take on the juggernaut called Jio, Vodafone India merged with Idea Cellular to form India's largest operator with more than 400 million subscribers last year. The merger took a year to complete and was expected to provide more firepower against the other two players.
However, subscribers left Vodafone-Idea in hordes. The company lost 14 million subscribers in the June quarter, taking the losses in the past year to about 115 million users. The month of June ended with Vodafone-Idea having just 320 million users.

Read Here for details..
 
#2
As I said earlier Vodafone is looking to exit the Indian market.
 

Devesh

Core Member
#3
Let them exit....
 
#4
Another failed merger.
 

D_Major

Administrator
EntMnt Staff
#5
All pulled the panic button by seeing Jio in competition.
 
#6
All pulled the panic button by seeing Jio in competition.
Right. Everyone did each other valuation rather and valuation post merger.
 

D_Major

Administrator
EntMnt Staff
#7
Valuation is nothing, last 4 - 5 years shown us that Indian business house are incompetent if they start working with honesty.
 
#8
And another fact is after the introduction of min recharge many have moved out of the secondary sim.
 
#9
Valuation is nothing, last 4 - 5 years shown us that Indian business house are incompetent if they start working with honesty.
Lol.. I really pity on you that this govt is really giving damn about honesty
 

D_Major

Administrator
EntMnt Staff
#10
So who's dishonest right now ?