Vodafone Idea Q2 Review - Fund Raise Expected By End-FY22: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Vodafone Idea Ltd.’s Q2 FY22 cash Ebitda at Rs 15.6 billion was higher than in Q1 FY22 excluding one-off gains in both the quarters. However, falling total subs and flat data subs are not encouraging. Though the telecom relief package has stalled payments to be made to government, and helped Vodafone Idea meet its other obligations, it is still short of funds to incur capex in the absence of equity infusion. Bharti Airtel Ltd. and Reliance Jio are incurring capex to increase coverage / capacity leaving a significant catch-up to be done by Vodafone Idea. The company remains hopeful of fund raise by end-FY22 and expects tariff hike to come soon, which should provide the much-needed cash for investment. Our estimates and target price remain under review as we await clarity on Vodafone Idea’s strategy..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Vodafone Idea Q2 Review - Fund Raise Expected By End-FY22: ICICI Securities

Vodafone Idea Q2 Review - Fund Raise Expected By End-FY22: ICICI Securities

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