Vodafone Idea Ltd (Vi) could lose 50-70 million subscribers in the next one year, after shedding 155 million customers in the past nine quarters, Fitch Ratings had said, adding that rival Reliance Jio Infocomm Ltd is expected to corner more than half of Vodafone Idea’s users while the rest could be bagged by Bharti Airtel Ltd.
The global credit rating agency said Vi’s plan to raise ₹25,000 crore, in a combination of equity and debt, may not restore the cash-strapped telco’s competitive position and reverse subscriber losses as the amount would be insufficient to meet its capital requirements.
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