Vodafone Idea aims to become a ‘techco’ via partner-led strategy: Report

Debt-laden Vodafone Idea (VIL) is aiming to become a technology company by focusing on partnership and thereby building ‘an ecosystem of products and services for enterprises in the country’, The Economic Times reported quoting sources.

The report added that providing cloud services is also a key focus and strategic area for VIL and that it is co-creating differentiated offerings with partners with Google, Microsoft, AWS, and CtrlS.

Market analysts have pointed out the Telecom operator is losing competitive position due to continuous reduction in subscribers, low investment in the network, and rising debt.

“From being a telco, we are trying to become a ‘techco’ in keeping pace with the changing needs of enterprises… This is the space where the partnership will come in handy,” Abhijit Kishore, director-enterprise business at Vodafone Idea, told the publication.