VIL may require policy respite as well as "meaningfully" higher tariffs to be in a position to serve its subscriber base without any disruptions as a going concern, it said.
Vodafone Idea to shut down 3G services by 2022
Vodafone Idea to shut down 3G services by 2022
By:Abhishek Malhotra, The Mobile Indian, New Delhi
Last updated : February 16, 2021 3:38 pm
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Vodafone Idea Ltd serving under the brand name Vi is now getting ready to shut down its 3G services across its circles in India by 2022 and will shift its focus towards 4G services. The operator will continue to offer 2G services, while its network is 5G ready as well.
The process will be a phased shut down which will finish after the operator is done refarming all its 2100 MHz and 900 MHz spectrum to offer 4G services. Vi has already commenced the process of refarming of 3G spectrum to 4G across 7 cities in Uttar Pradesh, which will substantially enhance GIGAnet 4G capacity in these cities.
Voda Idea to shut 3G in FY22, fund raising to be closed soon
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Synopsis
Brokerage firm CLSA has called it an “unsatisfactory performance”, highlighting the “enormous debt burden” of the operator.
The telco s senior management, at its quarterly earnings call on Monday, also allayed concerns around delays in its Rs25,000-crore fund raising plans, saying it will close soon given the keen interest shown by potential investors.
Vodafone Idea (Vi) plans to fold up its 3G services by FY22 as it bids to move towards becoming 4G-focussed telco in a bid to boost revenue, although it would keep its 2G services running for years given that it has a large segment of basic phone subscribers.