Vi may lose up to 70 million subscribers in next one year, says Fitch2 min read . Updated: 01 Dec 2020, 11:56 AM IST
- Fitch Ratings says Vi’s ₹25,000 crore fundraise plan may not restore the cash-strapped telco’s competitive position
- Jio and Airtel may increase combined revenue market share to 80% in the next one year as Vodafone Idea is rapidly losing market share, Fitch said
NEW DELHI: Vodafone Idea Ltd (Vi) could lose 50-70 million subscribers in the next one year, after shedding 155 million customers in the past nine quarters, Fitch Ratings said on Monday. Meanwhile, rival Reliance Jio Infocomm Ltd is expected to gain more than half of Vi’s user losses and the remaining could be bagged by Bharti Airtel Ltd, the rating agency added.
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