Vodafone Idea Limited (Vi) has stated that while the recent tariff tweaks are steps in the right direction, such changes are not enough to solve the industry’s structural issues, and tariff hikes and floor pricing remain critical for the sector revival.
Speaking during the recent earnings call, Ravinder Takkar, chief executive officer (CEO), Vi said although Kumar Mangalam Birla recently stepped down as chairman of Vodafone Idea, he as well as Aditya Birla Group (ABG) and the Vodafone group are committing to providing support and guidance to the company, in line with the stated positions of both the groups.
On fundraising, Takkar maintained that VIL continues to remain in active discussions with potential investors.
Further, he added that the company was disappointed by the Supreme Court’s (SC) move to reject pleas filed by telecom operators, including Vodafone Idea, seeking rectification of the alleged errors in the calculation of adjusted gross revenue (AGR) related dues, payable by them. In this regard, the telco said that it will file a curative petition if the SC rejects its review plea seeking correction of what it calls errors in the Department of Telecommunications’ (DoT) calculation of statutory payment arrears.