Vodafone Idea not out of woods yet: Can the latest fund raising spur a revival?

Telecom major Vodafone Idea (Vi) delivered an in-line performance for Q4FY25, with slight improvements in key metrics such as ARPU and a moderation in subscriber losses. However, the company is still far from being out of the woods. The company’s long-term sustainability remains precarious. “While DoT and vendors’ debt obligations being converted to equity and promoters’ infusion of capital seem positive developments, a lot needs to fall into place for Vi to become an investible idea,” Nuvama said.