From Breakingviews - India’s Vodafone rescue has strings attached
should bolster its chances, too. The company, though, still has another $25 billion of debt. And it is also hemorrhaging subscribers. That can only be stemmed with a faster transition to 5G technology, which requires more investment.said
on Friday that concomitant with the swap is a “firm commitment” of fresh capital from the Aditya Birla group, Vodafone Idea’s second-largest shareholder. For a group that has often expressed a wish to exit the telecom business, the bailout must feel like a Pyrrhic victory.
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