Telecom operator Vodafone Idea is losing competitive position due to continuous reduction in subscribers, low investment in network and rising debt, market analysts said on Monday.
The debt-ridden telecom firm on October 30 reported a consolidated loss of Rs 7,218.2 crore for the quarter ended September 2020. Its subscriber base declined by around 4 crore on a year-on-year basis to 27.98 crore while the debt stood at Rs 1,15,940 crore.
Vodafone Idea (VIL) has estimated statutory dues liability of Rs 65,440 crore.
"VIL is the weakest private telco. While AGR extension is a short-term breather, its survival hinges on quick capital infusion and