However, when the publication reached out to three parties, there was no response. Earlier this year, it was reported that Google was in talks to purchase 5% stake in Vodafone Idea, but that did not happen as the search giant chose to invest a whopping $4.5 billion in Reliance Jio. Vodafone Idea’s board of members will meet on September 4 to discuss the fundraising options. The telco will have to pay Rs 50,400 crore towards AGR dues. Fundraising is the only option Vodafone Idea is left with as the telco’s operations are hampered with heavy subscriber losses and COVID-19. If not for the ten-year duration by Supreme Court, we would have seen Vodafone Idea exiting the Indian telecom market. Additionally, the telco might hike tariff prices to sustain in the market.
