S&P Global predicts Vodafone Idea's Rs 23,000cr fundraise will improve network quality, potentially slowing rivals' subscriber growth.
S&P Global predicts stronger telco Vodafone Idea (Vi) with Rs 23,000cr fundraise will improve its network quality, potentially slowing subscriber growth for rivals Reliance Jio and Bharti Airtel. The industry enters a more stable phase with increasing earnings and improved credit metrics. Bharti Airtel and Reliance Jio to focus less on market share and more on profits and balance sheet improvements.
July 11, 2024
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