India’s Vodafone Idea on revival path

Troubled Indian telecom operator Vodafone Idea, which was facing a crisis, is now showing signs of revival after the government announced a slew of incentives to revive the telecom sector.

The company was burdened with a debt of 1.94 trillion rupees (US$25.5 billion) in the July-September quarter, and over the past three years, has lost millions of subscribers.

However, things may be looking up for Vodafone Idea after it hiked tariffs for its prepaid connections by 20-25%. This, plus the government’s reforms package, is expected to improve the company’s cash flows.

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