In talks with investors for fund raise; floor price ‘best’ fix for pricing issues: VIL

Cash-strapped Vodafone Idea (VIL) on Friday said it is in active talks with potential investors for fund raising, and asserted that ‘floor price’ remains the “best and most preferred” fix for industry’s woes arising from tariff-related issues.

VIL confirmed that it has approached government to extend moratorium on spectrum instalments. The company highlighted that sector’s biggest pain point comes from pricing issues, and conceded that tariff hike is “absolutely” essential to revive the sector, which is under stress.