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Govt doesn’t want telecom duopoly but Vi may get bankrupt: Shenoy
short by Ashley Paul / on Friday, 19 April, 2024
Capitalmind CEO Deepak Shenoy, talking about Vodafone Idea's (Vi) upcoming FPO which may be India's largest-ever, said government doesn't want a duopoly but Vi seems "headed to bankruptcy". "Vi has this insane cash flow situation starting next year...₹30,000 crore to be paid...then ₹43,000 crore/year for five years. They're raising ₹18,000 crore via FPO...that's not going to cover much," he said.