After April next year, it will be very difficult for the company to get the vaccine.
The troubles of Vodafone Idea, which has been in debt for the past several years, are increasing continuously. The demand of telecom companies to amend the AGR debt has been rejected by the Supreme Court. Due to which Vodafone-Idea’s efforts to raise funds may get a setback. According to experts, the company has no option but to declare itself bankrupt.
According to experts, there has been a lot of competition going on in the telecom market for a long time. Due to which the company cannot increase the tariff more. If no relief is given to the company by the government, then it will be very difficult for the company to get the vaccine in the market after April in the coming year. Apart from this, the options with the company are also very less. Mayuresh Joshi, Head of Equity Research, said that the company has to pay more than 24 thousand crores in the coming year. But without funding, all options for the company will be lost. Due to which only Reliance Jio and Airtel will be left in the telecom sector.
Earlier, Vodafone Idea had applied for AGR calculation in the Supreme Court. Analyst of a leading brokerage company said that all legal options with the company have been exhausted. The company currently has huge debt of 1.8 crores and the company has only 350 crores of cash. The company is trying to collect 25 thousand crores for the last 10 months, in which the company has been unsuccessful.