Live
- Visakhapatnam: Summer special trains to clear extra rush
- Nagarkurnool: Theft in Lakshminarasimha swamy temple
- Gold rates in Hyderabad surges, check the rates on 25 April 2024
- Gold rates in Delhi surges, check the rates on 25 April 2024
- Gold rates in Vijayawada surges, check the rates on 25 April 2024
- Gold rates in Visakhapatnam surges, check the rates on 25 April 2024
- Visakhapatnam: YSRCP candidate Adari Anand Kumar conducts door-to-door campaign
- YS Jagan arrives in Pulivendula, to address in public meeting and file nomination
- Alliance candidates set to sweep in Anakapalli, says Defence Minister Rajnath Singh
- All depts coordination meet held for Haj 2024
Vodafone flags industry's 'unsustainable financial duress'
Vodafone flags industry’s ‘unsustainable financial duress’
Ailing telecom operator Vodafone Idea (VIL) has flagged the industry’s ‘unsustainable financial duress’ in its latest annual report and hoped that the government would provide the necessary support to address ‘all structural issues’ faced by the sector.
New Delhi: Ailing telecom operator Vodafone Idea (VIL) has flagged the industry's 'unsustainable financial duress' in its latest annual report and hoped that the government would provide the necessary support to address 'all structural issues' faced by the sector.
In the Chairman's letter to shareholders, Himanshu Kapania cited persistent challenges in the operating environment, amid 'unsustainable pricing' and 'hyper-competition' during FY21.
Kapania expressed hope that government will support efforts to generate reasonable returns on massive investments.
Through the course of FY21, the operating environment continued to remain challenging due to unsustainable pricing and hyper-competition, which were further aggravated by the Covid-19 pandemic, Kapania noted.
While the operating challenges remain, increasing digital penetration that has got a further boost during the pandemic remains a massive opportunity.
