Vodafone Idea's financial stress to be addressed

High-level Committee of Secretaries to look into relief measures for financially distressed Vodafone Idea

Currently facing tremendous financial stress, owing to the AGR dues, with almost quitting India decisions, telecom service provider Vodafone Idea Limited (VIL) has taken the decision to hiking its tariffs, effective December 2019.

VIL has said in its official statement that the acute financial stress in the telecom sector has been acknowledged by all stakeholders and a high-level Committee of Secretaries (CoS) headed by the Cabinet Secretary is looking into providing appropriate relief.

To ensure that its customers continue to enjoy world-class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective 1 December 2019. VIL attributes this decision to play its due role in realizing the vision of Digital India by continuing to provide seamless mobile services to customers across India.

Building on its largest spectrum footprint and by accelerating its network integration, VIL is increasingly expanding both its coverage and capacity and is well on track to offer 4G services to 1 billion Indian citizens by March 2020.

VIL says the company will continue to actively invest in making its network future-fit by embedding new-age technologies and launching new products/services to cater to the evolving needs of its over 300 million customers.

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