Vodafone Idea has received positive feedback from Nuvama Institutional Equities, Dixon Technologies and ICICI Securities, indicating a potential path to survival for the struggling telecom company. While Bharti Airtel rolled out a tariff hike on Friday, Vodafone Idea is expected to witness inflows of over $278 million and Suzlon Energy saw a significant increase in share price. Market experts discuss the potential opportunities in the telecom sector on Business Today TV's daily market show, with Vodafone Idea likely to opt for a payment plan to ease financial burden.
Bharti Airtel's chairman, Sunil Mittal, is urging rival operator Vodafone Idea to pay its debts with Indus Towers, stating that the tower firm will not provide new services to the telco until payments are made. Reports state that Vodafone Idea currently owes Indus Towers nearly $1.2 billion. Mittal warns that Vodafone Idea will not be able to use Indus' 5G towers unless payments are made, leading to potential consequences for the company's network and services. Vodafone Idea recently concluded a public offering and raised funds, but stated that they will not be using the proceeds to pay debts with vendors.