Question: Why Is Vodafone Making Losses?

What went wrong with Vodafone idea merger?

The company lost 14 million subscribers in the June quarter, taking the losses in the past year to about 115 million users.

The month of June ended with Vodafone-Idea having just 320 million users.

However, the merger failed to solve both the company’s existing issues..

Is Airtel better than Jio?

Data: Airtel is offering 3GB data per day for its entire validity period for its 3G and 4G networks. Compared to Jio’s plan, Airtel is offering an extra GB of data, which is good for those who stream videos or browse the web a lot. Validity: Airtel is offering a validity of 82 days with this plan.

How do I fix my Vodafone network problem?

Try these troubleshooting steps:Check that your device has mobile data switched on.Make sure your APN settings are set up correctly.If you’re in a regional coverage area and using an Android or Windows Phone, switch on data roaming.

What is wrong with Vodafone idea?

Vodafone Idea finds itself in this unenviable position after losing a 14-year legal battle in the Supreme Court in October last year against the department of telecommunications (DoT) over the definition of adjusted gross revenue (AGR) and regulatory payments linked to it.

Is Vodafone shutting down in India?

Is Vodafone or Idea closing down? No. Vodafone and Idea are joining forces to become Vodafone Idea Limited- India’s Largest Telecom Company! If you’re a Vodafone or an Idea customer, we remain committed to providing you with the best experience every day, and your services will continue as normal.

Is Jio losing money?

Kolkata: Reliance Jio Infocomm is staring at a potential loss of Rs 15,000 crore ($2.1 billion) in FY19, which isn’t immediately visible because the Mukesh Ambani-led telco uses non-standard depreciation metrics and relies on another group company to bear handset subsidies, brokerage Sanford C Bernstein said.

What is the future of Vodafone?

Despite an AGR burden of Rs 53,000 crore, there are reasons for Vodafone Idea to look forward to a better future. The telco has reportedly written a letter to the government asking for adjustment of Rs 8,000 crore of Goods and Services Tax (GST) refund towards AGR dues.

Which Sim is best idea or Vodafone?

Airtel tops in 4G download speed, Idea in uploading: Opensignal. The report found Vodafone network to be the best for making voice calls from mobile applications, and Idea network in terms of upload speed of 4 mbps on 4G network and 0.9 mbps on 3G network.

Is Vodafone idea a good buy?

Vodafone Idea advanced nearly 35 per cent intraday on Friday after the news reports. However, it pared gains to end nearly 13 per cent higher after the clarification on the media reports. “In the telecom space, investors should go with the stronger player which is Bharti Airtel.

Will Vodafone idea recover?

With this rally, Vodafone Idea share has recovered past 2 days of decline. Vodafone Idea stock has gained after 7 days of consecutive fall. Shares of Vodafone Idea zoomed up to 48% intraday on reports that government is unlikely to invoke the telecom firm’s bank guarantees to recover AGR dues.

Why is IndiGo in loss?

IndiGo reports record Q2 loss of Rs 1,062 crore. Interglobe Aviation on Thursday posted a quarterly loss of Rs 1,062 crore, its biggest ever since the owner of IndiGo airline went public four years ago, primarily due to its failure to keep a check on costs. … Revenue from operations rose 31% to Rs 8,105 crore.

What will happen if Vodafone shuts down?

So, for all those who are concerned, there is no need to worry, as even if Vodafone Idea decides to shut down services, subscribers will be given enough time to port to other telecom service providers. … The Telecom Regulatory Authority of India (TRAI), meanwhile, should be notified 60 calendar days in advance.

Why is Vodafone idea in loss?

Vodafone Idea reported a third-quarter loss on Thursday, as the troubled Indian telecom company shed millions of mobile subscribers due to intense competition. The quarterly results come as Vodafone Idea and other Indian telecom firms are pressured by government demands to pay $13 billion (roughly Rs.

Is Vodafone a loss?

The company had posted a loss of Rs 4,947 crore in the year ago period. … Vodafone Idea’s revenue from operations more than halved to Rs 10,844 crore from Rs 22,114 crore. The company reported Ebitda of Rs 3,347.10 crore against Rs 461.40 crore in the year ago period.

Is Vodafone going out of business?

It’s not going anywhere. — Even if Vodafone pulls out of India, it’s services are not going to shut down immediately. … If Vodafone leaves, and its place is not taken by any other company, the market will effectively become duopoly with Jio and Airtel only players.

Who will take over Vodafone idea?

However, the merged entity continues using both the Idea and Vodafone brand. Currently, the Vodafone Group holds a 45.1% stake in the combined entity, the Aditya Birla Group holds 26% and the remaining shares will be held by the public….Vodafone Idea.TypePublicTotal equity₹596,348 million (US$8.4 billion) (2019)18 more rows