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.