Here’s what Vodafone Idea needs to survive in India

NEW DELHI: Vodafone Idea’s survival is hinging on decent-sized capital infusion and industry reforms such as floor tariff and other reliefs, brokerage firm ICICI Securities said in a note on Monday.

“VIL is the weakest private telco. The company continues to face losses (now slipping into negative networth) and risk of eventual bankruptcy. While AGR extension could be a short term breather, its survival hinging on decent sized capital infusion and industry reforms such as floor tariff and other reliefs,” it said.