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Two Vodafone Idea (Vi) partnerships have made very different headlines in the past week: one because it has just been signed. The other, however, is not to continue beyond its initial two-year term.
Bharti Airtel: In the meantime, the telco will miss meeting the minimum rollout obligations for the first year of 5G spectrum acquisition in 15 out of the 17 circles it has bought spectrum in, and will have to pay Rs 12-13 crore in liquidated damages as a consequence, Moondra said, speaking at the telco’s fiscal first quarter earnings call.
Vodafone Idea is reportedly seeking external equity funding by the end of the year to address its debt issues.
Vodafone Idea had said in an exchange filing on Monday that one of its promoters has committed to providing financial support to the extent of ₹2,000 crore without saying which one. The Vodafone Group UK and the Aditya Birla Group are the main promoters of the company.
India's Vodafone Idea reported a wider first-quarter loss on Monday, dragged by weak 4G subscriber growth and higher expenses. ... -Today at 11:09 am- MarketScreener