The hits keep coming for Vodafone Idea

Vodafone Idea’s (VIL’s) fate hangs in balance with UK parent Vodafone Plc indicating that it has no plans to infuse funds into the ailing Indian venture. This, according to analysts, has again raised a question mark on the company’s survival once the government’s moratorium ends in FY26.

While announcing its FY23 earnings, Vodafone Plc said that the group’s carrying value of investment in VIL is zero. The group is recording no further losses related to VIL, it said, adding that the company is still in need of additional liquidity and plans to raise funds going forward.