Vodafone Idea faces survival crisis, needs funds by Feb 2023

Vodafone Idea could have trouble surviving if its promoters, Vodafone Plc and Aditya Bira Group do not infuse capital by early 2023, as per a report in The Economic Times. 

“If a fresh capital infusion from Vi’s promoters does not come by January-February, it will become difficult for the telco to survive,” said a senior government official told the publication. “The (equity) conversion can happen if the company shares a clear investment plan, including promoter fund infusion,” he added. However, if the conversion does not take place, then it would be a task for Vi to get external investors or even raise debts which is the need of the hour for the telco company in order to clear vendor dues, expand 4G and roll out 5G.