financetom
Business
financetom
/
Business
/
Vodafone Idea looking at three-pronged approach to put biz back on track
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Vodafone Idea looking at three-pronged approach to put biz back on track
Sep 20, 2021 3:54 AM

Vodafone Idea may be strategizing structural changes to put the business back on track after the relief came in from the government on Adjusted Gross Revenue (AGR) dues. The Cabinet, on last Wednesday, approved a relief package for the telecom sector while announcing a moratorium of 4 years on AGR dues.

Vodafone Idea is not really looking at banking on equity payments for the dues and interest to the government after the telecom package has been announced, say sources with direct knowledge. In fact, it will defeat the purpose of ownership and with this kind of a relief given now, they will try to put their business back on track.

For that, Vodafone idea is looking at strategizing a new plan for a three- pronged approach- one is going to be the improved management skillsets, second is going to be sharpening their competitive edge because there is fierce competition in the sector and relief is only from the government dues and not from the telecom competition. The third one is going to be upgrading its network from 2G to 4G. So, these are the three most important things that they are right now focusing on, sources told CNBC-TV18.

Also, there could be a rethink on the management capability and as per the agreement, CEO is decided by Vodafone Group PLC, and Aditya Birla Group decides on the CFO. So, whether or not there is some rethink on that needs to be seen, going forward.

For more, watch the video

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mexico to discuss tariff hikes with China and others before making law
Mexico to discuss tariff hikes with China and others before making law
Oct 9, 2025
MEXICO CITY (Reuters) -Mexico's Congress will hold off approving proposed tariff hikes on nearly 1,500 products from China and other Asian countries while Mexico holds talks with those countries and considers changes to the proposal, President Claudia Sheinbaum said on Thursday.   Sheinbaum sent the proposal - which seeks to increase tariffs by up to 50% on cars, textiles, clothing, plastics,...
BP wins arbitration case against Venture Global over LNG cargoes
BP wins arbitration case against Venture Global over LNG cargoes
Oct 9, 2025
HOUSTON, Oct 9 (Reuters) - BP has won its arbitration case against Venture Global ( VG ) over the U.S. supplier's failure to deliver liquefied natural gas under a long-term contract that was due to start in late 2022, Venture Global ( VG ) said on Thursday. ...
Mexico to discuss tariff hikes with China and others before making law
Mexico to discuss tariff hikes with China and others before making law
Oct 9, 2025
* Proposal aims to increase tariffs on 1,500 products by up to 50% * China criticizes proposal, warns of measures to protect interests * Adjusting tariff plan could hit Mexico's 2026 budget By Diego Oré and Emily Green MEXICO CITY, Oct 9 (Reuters) - Mexico's Congress will hold off approving proposed tariff hikes on nearly 1,500 products from China and...
Applied Digital Fiscal Q1 Non-GAAP Loss Widens, Revenue Rises
Applied Digital Fiscal Q1 Non-GAAP Loss Widens, Revenue Rises
Oct 9, 2025
04:34 PM EDT, 10/09/2025 (MT Newswires) -- Applied Digital ( APLD ) reported a fiscal Q1 adjusted net loss late Thursday of $0.03 per diluted share, widening from the loss of $0.01 a year earlier. Four analysts polled by FactSet expected a loss of $0.16. Revenue in the three months ended Aug. 31 rose to $64.2 million from $34.8 million...
Copyright 2023-2026 - www.financetom.com All Rights Reserved