Synopsis
Vodafone Thought’s lately introduced Q3FY23 earnings paint a sorry image. Losses run into 1000’s of crores amid powerful competitors from market leaders Airtel and Jio. Amid all this, lack of 5G companies might result in additional churn for Vodafone Thought. The corporate says it’s in talks for extra funds from lenders. Can it come out of the storm?
INR7,990 crore — that’s the web loss Vodafone Thought reported within the Q3FY23 outcomes. A staggering quantity that doesn’t seem to be settling down anytime quickly. The Q3 web loss was 5% greater than the earlier quarter and 10% greater than the identical quarter final yr. With mounting losses and rising debt, Vi’s troubles appear to be compounding. Whereas the corporate is getting some interim reliefs by way of authorities fairness conversion and can also be making an attempt to
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