Vi

Aditya Birla Group and Vodafone Group seeking to invest $400 million into Vi amid financial distress

According to sources, both the parent organisations will invest close to $200 million each to maintain their existing stake in their company while also seeking fresh funding from external investment.

Telecom industry under financial duress due to hyper-competition: Vi

Enterprise maintains to stay under unsustainable financial duress, amid “unsustainable pricing” and “hyper-competition” in the market.

Vi loses 4.8 million customers in June, Reliance Jio added 4.5 million customer to reach 34.8% market share

Vodafone Idea Ltd or the newly branded Vi lost 4.8 million users in June, registering eight continuous months of decline. Bharti Airtel on the other hand lost 1.1 million users.

Vodafone Idea, Now VI becomes co-sponsor for IPL 2020