Can Vodafone Idea bounce back? Q2 shows growth, but Rs 2 lakh crore debt still a challenge

The second quarter results and the recent favourable order from the Supreme Court on AGR dues gave a breather to the struggling Vodafone Idea; however, the piling losses and no funding in sight pose a big challenge for the telecom company.

In the earnings call on Monday, VI’s CEO Abhijit Kishore said that the company is working with the government and banks to mitigate its financial burden. The top official, however, pointed out that the possibility of debt funding from banks largely depends on resolving the AGR dues situation with the government.