Tariff hike key to sector revival; Birla, ABG, Voda committed to supporting telco: VIL CEO

NEW DELHI: Amid an existential struggle, Vodafone Idea on Monday said while its recent tariff tweaks are steps in the right direction, such changes are not enough to solve the industry’s structural issues, and tariff hikes and floor pricing remain critical for the sector revival.

Speaking during the Q1 earnings call, Vodafone Idea CEO Ravinder Takkar said although Kumar Mangalam Birla recently stepped down as chairman of Vodafone Idea, “he as well as Aditya Birla Group (ABG) and the Vodafone group are committing to providing support and guidance to the company, in line with the stated positions of both the groups”.

“We will thus continue to get the benefit of their experience and support,” Takkar said.

On fundraising, Takkar maintained that VIL continues to remain in active discussions with potential investors.