Vodafone-Idea's Master Plan to Hit Jio, Will Invest On The Network
Since Jio has entered into the telecom sector, all other companies have been left behind in competition. Typically, companies have also made significant changes in their strategy. Vodafone and Idea, the country's largest telecom company, are in the process of making big investments to counter Geo Geo.
The company has devised a special plan to invest 20,000 crores by 15 months on the network to improve its service. Vodafone Chief Financial Officer Akshay Mudra told analysts that we have given a total of 270 billion rupees as capital expenditure for the last financial year 2018-19 and 2019-20, which has been spent in about 9 months before about 70 billion rupees. A plan to invest 200 billion rupees in the next 15 months.
Since Jio has entered into the telecom sector, all other companies have been left behind in competition. Typically, companies have also made significant changes in their strategy. Vodafone and Idea, the country's largest telecom company, are in the process of making big investments to counter Geo Geo.
The company has devised a special plan to invest 20,000 crores by 15 months on the network to improve its service. Vodafone Chief Financial Officer Akshay Mudra told analysts that we have given a total of 270 billion rupees as capital expenditure for the last financial year 2018-19 and 2019-20, which has been spent in about 9 months before about 70 billion rupees. A plan to invest 200 billion rupees in the next 15 months.
According to the telecom company Vodafone Idea, it is planned to raise Rs 250000 crore through the rights issue. The promoters of the company, Vodafone Group and Aditya Birla, have expressed their desire to contribute 11000 crores and Rs. 7250 crores on their participation in a proposed rights issue, showing their commitment to the Board of Directors.
The company has also been consoled to shareholders that if a piece of the rights issue is not sold, then it has already acquired the right to buy that part or part of it.
Steady decline in profits
On the other hand, the company is losing a large amount of money and in the name of profit nothing is in the hands of the company. The loss of 5,005.7 crores has been completed when the completion of December 2018 of the current fiscal year. During the first quarter of the year, the company had lost Rs 1,284.5 crore.
On the other hand, the company is losing a large amount of money and in the name of profit nothing is in the hands of the company. The loss of 5,005.7 crores has been completed when the completion of December 2018 of the current fiscal year. During the first quarter of the year, the company had lost Rs 1,284.5 crore.
However, the current financial year can not be compared because the anniversary of Vodafone and Idea was born 31 August 2018. During the quarter, the total income of the company increased to Rs 11,982.8 crore and Rs 7,878.6 crore in the July-September quarter, up 52 percent.
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