Vodafone Idea the Only Telco Without Investment from a US Tech Giant
This could be an ideal scenario for both companies. Vi could do a lot of good with this investment (if it happens). The telco has a serious cash crunch despite the government’s relief measures. For participating in the upcoming 5G spectrum auction in full capacity as well as raising capex spends, Vi needs external investors onboard desperately. The investment would enable the company to compete head-on with Jio and Airtel. Note that TelecomTalk couldn’t independently verify the report and neither of the companies mentioned above has made any such announcements. Regardless, the stock of Vodafone Idea (Vi) has jumped on the stock exchanges with the development. Vi needs the investment as fast as possible. Thus, if something is actually cooking in the background, we will get to hear about it pretty soon. For now, take the development with a little grain of salt.
