Issues on tariff hike, new funding may raise Vodafone Idea’s dependence on govt relief: BofA Securities

NEW DELHI: Limited visibility around tariff hike and lack of clarity on new funding could make Vodafone Idea “more dependent” on any form of government relief for improvement of its fundamentals, BofA Securities has said in its latest report.

The top brass of cash-strapped telco Vodafone Idea had last week said ‘floor price’ remains the “best and most preferred” fix for industry’s woes arising from tariff-related issues. The company, whose fundraising plans have been significantly delayed, had further said it is in active talks with potential investors, and emphasised that there is no reason to start working on an alternate ‘Plan B’.