Question: Is Vodafone Going To Be Shut Down?

What is the future of IDEA Vodafone?

The average revenue generated per user has almost halved from around Rs 205 per month per user five years ago, while operating expenses have increased due to the addition of the 4G network, on top of 2G and 3G.

For the year ended March 2020, Vodafone Idea generated revenue of Rs 45,997 cr..

What went wrong with Vodafone idea merger?

The merger took a year to complete and was expected to provide more firepower against the other two players. However, subscribers left Vodafone-Idea in hordes. The company lost 14 million subscribers in the June quarter, taking the losses in the past year to about 115 million users.

Who will take over Vodafone idea?

On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. Vodafone currently holds a 45.1% stake in the combined entity and Aditya Birla Group holds a 26% stake. Kumar Mangalam Birla heads the merged company as the Chairman.

Will a 3g phone still work?

According to AT&T, all 3G devices will lose all services, while some 4G devices will lose the ability to make voice calls. Some phones are not compatible with AT&T’s HD Voice despite supporting 4G LTE and VoLTE, so those devices will lose voice call functionality after 3G is axed.

Is Google investing in Vodafone?

Global technology giant Google is in talks to buy a 5 per cent stake in Vodafone Idea, owned by Vodafone Plc of the UK and Aditya Birla Group. The move comes about a month after Google’s biggest rival, Facebook, picked up a 9.99 per cent stake in Reliance Industries’ (RIL’s) Jio Platforms for Rs 43,574 crore.

Is Vodafone 3g shutting down?

The reason, as per Ather, is that Vodafone Idea will shut down its 3G services on 27 August 2020, in Chennai and Bengaluru which would lead to the Ather 450s equipped with Vodafone SIM card to switch to 2G services. … The 4G module will be in the form of a module and will take four months for the deployment, Ather said.

Why is Vodafone 3g not working?

Make sure you have correct APN under “Access Point Name” it should not get changed but if you changed sim or tried using another operator, some settings may have changed which can be a problem in some cases. I too used voda 3G for months, recently dropped it as connectivity tripped a lot since winters came.

Is Airtel 3g stopped?

NEW DELHI: Telecom major Bharti Airtel on Friday said that it expects to shut down its entire 3G network across the country by March 2020, the process for which has already started with Kolkata service area. … Data usage by Bharti’s subscribers has now reached over 11 GB/month.

Should I invest in Yes Bank?

The shares of Yes Bank have not gone up a great deal since the follow on public offer. The next 1-2 years would be important for the bank, though we feel that it is back on track. Investors who hold the stock for a period of 2-3 years, might see decent returns. At the moment it looks that the bank is out of the woods.

Which share is best to buy now?

Our Advisor’s ChoiceStock NameQtyValueHDFC Bank10011000LIC INDIA10011000INFY10011000Total33000

Is Vodafone idea a good buy?

Top Stocks To Buy – Vodafone Idea The company will also be holding a meeting on the fund raising issue today. This stock is trading at Rs 12. Their ARPU (Average Revenue Per User) is also likely to go up by Rs 100 in the next 12-18 months.

Is Vodafone going to close India?

Both Airtel and Vodafone Idea face huge monetary burden due to AGR, but none of them has said they will close down operations. … Supreme Court’s order on Rs 1.47 lakh crore worth of AGR dues has triggered rumours about the alleged impending shutdown of two of India’s largest telecom companies Vodafone Idea and Airtel.

Why is Vodafone idea in loss?

Vodafone Idea is losing subscribers to rivals as it trims coverage to cut costs and has so far failed to win better payment terms from the government on the money it owes. Net debt was 1.2 trillion rupees as of the quarter ended June. The company’s net worth has turned negative, it said in the statement.

Is Vodafone in financial trouble?

Vodafone has revealed a mammoth £6.6bn annual loss and has cut shareholder dividends for the first time. The mobile phone giant slashed its payout by 40 per cent, dealing a blow to millions of investors, as it sought to reduce its mountain of debt.

Will Amazon invest in Vodafone idea?

More From Our Partners. BENGALURU: U.S. wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India’s Vodafone Idea Ltd , the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up as much as 14%.

Is Vodafone idea going to shut down?

The short answer is – No. Now you can read the long answer and reason why it won’t shut down. Last week the Supreme Court of India has passed the judgment related to the AGR issue and it brings the much-awaited good news for the troubled telecom giant.