Vodafone Group CEO Nick Read said, "As the integration of two businesses is now complete, it’s time for a fresh start. That's why we believe that now is the perfect time to launch Vi, one company which provides the strength of Vodafone India and Idea.” It should be noted that merger was done in 2018, midst of market consolidation due to predator pricing by Reliance Jio.
There was some recent market rumor that US tele major Verizon or e-Commerce giant Amazon may look for stake buy in VIL, but the company denied such reports. However the company has approved Rs 25,000 cr fundraising plan. Analysts believe it's not a plan for a long run, may be just for 12-18 months, as the company is debt ridden of nearly Rs 1.7 lakh crore.
