The TRAI report for June had observed a loss of 12.9 lakh subscribers from Vodafone Idea. As per the recent numbers for July, the company’s market share in the wireless subscribers segment now stands at 19.92 percent.
The government will dilute its equity stake in Vodafone Idea once the company's balance sheet improves, according to CNBC-TV18 sources.
Vodafone Idea lost about 15.7 lakh mobile subscribers during April 2022, the monthly subscriber data released by the Telecom Regulatory Authority of India (TRAI) on Thursday showed.
The transaction will be done on the principal condition that the amount paid shall be inducted by Vodafone as fresh equity in Vodafone Idea Limited and simultaneously remitted to Indus Towers to clear VIL’s outstanding dues, Bharti Airtel said.
Vodafone Idea's consolidated net loss widened to Rs 7,230.9 crore in Q3FY22 even as revenues rose 3.3 percent sequentially
The company had undertaken tariff hikes in the reported quarter, which helped the topline even as it lost 5.8 million subscribers in the quarter.
Vodafone Idea on Tuesday had said it has exercised the option to convert interest payable for the four years of deferment on the deferred spectrum installments and its adjusted gross revenue dues into equity that will see the government holding a 35.8 percent stake in the company post-dilution.