Vodafone Idea (VI) began to examine non -banking sources of financing to maintain the continuity of its key cycle of capital expenditure (CAPEX), its outgoing CEO (CEO) of Akshaya Moondra on Monday because the debt operator increased the offered operated operated operated operated operated operated operated Operated operated operated operated operated operated operated operated operated operated operated operated operated operated operated operated operated operator operated operator operated operator operated £25 000 crore from banks are facing a delay.
Banks are currently waiting for a clear relief for regulated fees for gross income (AGR) to the Government before they decide to extend loans to a loyal company.
“We also look at non -banking sources of financing. £The 25,000 crore we talked about, but a smaller amount to continue the CAPEX cycle, ”Moondra said in his latest talks with analysts as CEO.
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Certainly, the idea of Vodafone continues to face growing losses and stunning £2 trillions in government fees that include fees for AGR and delayed spectrum to be paid over the years via FY32 and FY44. The end of the four -year moratorium on regulatory payments this September contributes to urgency £16 428 Crore in fees for AGR due to March 2026 and £2 641 crore in the delayed salaries of the spectrum until June.
“Our government request was that we would solve this (edition of AGR) earlier than before the deadline for March to obtain clarity and continue with banking financing,” Moondra said, adding that the government had supported in the past.
“You will look at 2019 postponement of the spectrum installments, the reform package 2021, 2023 and 2025 conversion of government fees to its own capital. Generally, they are more closely needed,” Moondra added.
The solution to the problem of AGR fees is essential for Vodafone’s idea to continue their business. Recent rejection of viho plea of the Supreme Court £45,000 crore for the interests and sanctions on £83,400 crore waiting for modified gross income (AGR) fees further tense. VI warned that it may not survive without the current fiscal year.
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Vodafone Idea introduced in May last year £50,000-55,000 crore in the next three years to expand its 4G network and start 5G services. The company led to make capital expenditure £5,000–6,000 crore for the first half of 2025-26. A significant part of Capex is tied to bank financing.
“In the last quarter we have indicated that we are looking at about 50-60 billion ( £5,000–6,000 CRORE) CAPEX in H1… We should meet with this aim by September, ”Moondra said, adding that it would then use its internal cash flow to finance some Kapex.
The idea of Vodafone Idea, which, together with the expansion of its 4G services introduced 5G services, was able to reduce the customer in the June quarter. The 5G company is now available in 22 cities in 13 circles. Further expansion to other key cities in all its 17 priority circles is planned by September, Moondra said, adding that wherever the company has launched its 5G services, 60-70% of subscribers who have a 5G device actively use it.
On Thursday, Vodafone Idea introduced his current Chief Operational Director (COO) Abhijit Kishhore as the new CEO, effective 19th August, for three years. This comes after a three -year period of Moondra when the CEO ended on 18 August.
After taking over the CEO Kishhore, he commented on the direction of the company concerning income, especially in the Enterprise segment, although he postponed specific goals for later discussion.
“My appointment in the new role of Vodafone Idea CEO comes at an exciting time when it is on its turnover. When we move forward, our focus remains on the growth of income by adding subscribers and effortlessly consumer experience,” Kishore said.
On August 15, Mint said that it is not expected that the change of leadership in Vodafone Idea will immediately change the outlook of the company, with analysts and proxy advisory firms noting that its revival will rely more on fresh capital and support for policy than to change management.
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“Vodafone Idea problems can eventually be traced back to the delay in the legal system,” said JN Gupta, founder and CEO of the stakeholders of the Empowerment Services, a non -profit proxy advisory firm. The change of leadership seems to be a routine and the survival of society now depends on the relief for its fees related to AGR. The refusal of the court even solve the so -called calculation errors is interesting, he added.
Vodafone India reported a net loss for the June quarter £6 608 crore, higher than £6 432 Loss of Crore a year ago. On the sequence basis, the operator’s losses were narrowed from £7 166 crore because the cost of funds dropped by 9%.
Company’s income from operations increased by nearly 5% £11 022.5 crore, just the missing estimate of the Bloombergs £11 153 crore. Improvement can be attributed to the expansion of the company’s network, increased data consumption and last year’s increase in customs increases.
On the sequential basis were the income of the company in comparison with £11 013 crore in the previous quarter.
(Tagstotranslate) Vodafone Idea
