Vodafone Idea needs fundraising at the earliest to restrict loss of subscribers: Emkay

New Delhi: Vodafone Idea needs a sizable fund-raising at the earliest to increase capex to restrict the loss of more subscribers, says a report by Emkay Global Financial Services.

VIL’s subscriber base declined for the 28th month in a row, down by 1.3 million. Subscriber losses persisted in Jul-23, with the telco losing another 1.3mn subscribers.