Is Vodafone idea losing customers?

As per data released by the Telecom Regulatory Authority of India (Trai) for 2020, Vodafone Idea’s wireless subscriber base declined to 284.26 million in December 2020 against 332.61 million in December 2019, decreasing by 14.54\%.

What will happen to customers if Vodafone shuts down?

Vodafone Idea’s death could lead to sharper tariff hikes In case Vodafone Idea dies, the cost of maintaining the telecom infrastructure will be divided between two companies instead of three, thereby leading to an increase in cost of operations. This, Kapoor says, will be passed on to the customers.

Is Vodafone going to close India?

Indian telco Vodafone Idea (Vi) is reportedly close to “point of collapse” and needs help from the Government, one of its investors said this week. Last year the Supreme Court of India gave Vi and Airtel 10 years to pay, with the first installments of 10 percent due in March 2021.

Why Vodafone network is so bad?

Vodafone’s network failure is suspected to be because of BBMP’s drive to remove Optical Fibre Cables in the city. ‘#Vodafonedown’ is trending on Twitter today. The telco’s network is reportedly down in Bangalore and other areas. Vodafone users have reported problems in sending and receiving calls, messages, data.

How many customers does Airtel have in India?

Airtel’s total wireless subscriber count rose to 354 million in July. Vodafone Idea, which got a fresh lease of life with a new telecom package announced recently, lost 1.4 million wireless users during July, as its subscriber count slipped to 271.9 million.

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Is Vodafone idea profitable?

Vodafone Idea (Vi) narrowed its net loss by 71 per cent to Rs 7,319 crore in first quarter FY 2022 on a year on year basis on account of lower exceptional expenses. Gross revenue declined 14.1 per cent on a year on year basis to Rs 9152 crore due to fall in subscribers.

Why is Vodafone struggling to make money in India?

Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country despite it being able to move from fourth spot to the top in terms of subscribers (after the merger).

Why Vodafone Idea failed to sustain the number one position?

However, the mega telecom enterprise Vodafone Idea has failed to sustain the number one position according to the number of active mobile subscribers, revenue, as well as profit. Mukesh Ambani-led Reliance Jio has surpassed Bharti Airtel and Vodafone Idea to become the largest telecommunications company in India.

Why did Vodafone India change its name to Vodacom?

Later the name was changed to Vodafone India. However with the purchase of this company, Vodafone India essentially took over all their debts and liabilities as well. The hope was that over time, subscriber base and hence revenue and profitability would rise to pay off all the dues.

What is the stock price of Vodafone Idea after the merger?

Vodafone Idea stock price has fallen as much as 80.80 per cent to Rs 5.74 (August 23, 2019) from the share price level of Rs 29.9 as on August 31, 2019 (Vodafone India-Idea Cellular merger date) on BSE. Vodafone Idea has lost approximately Rs 69,425 crore in the similar period.