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The telco hasn’t announced its plans to roll out 5G<\/a> services and is subsequently falling behind its competitors. It is experiencing difficulties in securing funding for investing in 5G equipment and infrastructure, leading to a sharp drop in its stock prices, GlobalData<\/a> said.
“Vi is struggling to attract external investors, and the company has cited delays in converting dues to equity as one of the reasons. The company owed over $7 billion adjusted gross revenue related dues to the Indian government, which have now been converted to equity,” Shri Charan Padala, Principal Analyst in the Thematic Intelligence team at GlobalData said.
Despite this, the telco is yet to secure fresh investments, which has put it at a disadvantage compared to its competitors. The company's brand perception and customer loyalty have been impacted as customers in India prioritise reliability and efficiency when selecting a telecom operator.”
The firm said that if Vodafone Idea<\/a> fails to secure funding, it could jeopardise the company's future in the Indian telecom market, and the lack of competition could negatively impact consumers.
“The Indian government may need to intervene to ensure that there is healthy competition in the telecom market and that consumers have access to high-quality, affordable services. To realise the broader benefits that the telecom sector provides to other sectors, the survival of Vodafone Idea is necessary to avoid a duopoly in the Indian 5G market,” Padala added.