Long-awaited and much-needed, the government’s big bang telecom sector reforms announced on Wednesday have lifted the sword hanging over Vodafone Idea’s (VIL) head-at least, temporarily. The company’s stock reflected the magnitude of the relief with prices jumping by 26% on Thursday.
However, since the benefits granted are industry-wide, the company will have to wage an uphill battle to fix its weak operational metrics and take on better-situated rivals such as Bharti Airtel and Reliance Jio. The moratoriums for AGR and spectrum dues are also seen as giving temporary cash-flow relief since VIL’s annual cash outgoes are expected to explode at the end of these four years.
This story is from the September 17, 2021 edition of The New Indian Express Chennai.
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This story is from the September 17, 2021 edition of The New Indian Express Chennai.
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An ancient temple with a rare Siva Linga
DCHITHRA MADHAVAN city
TRADITIONAL INTERTWINED WITH LIFE GAMES.
A VINITA SIDHARTHA vinita@kreedagmes.
