Q1 2025 Vodafone Idea Ltd Earnings Call Transcript
Key Points
- Vodafone Idea Ltd (BOM:532822) successfully completed the largest FPO in the country, raising INR180 billion, which was subscribed about 7 times.
- The company raised further equity from promoters amounting to INR20.8 billion and preferential issuance of INR24.6 billion to Nokia and Ericsson.
- Vodafone Idea Ltd (BOM:532822) plans to increase its 4G population coverage by 16 million and data capacity by 15% by the end of September 2024.
- The company has a comprehensive fundraise plan, including INR250 billion in fund-based facilities and INR100 billion in non-fund-based facilities.
- Vodafone Idea Ltd (BOM:532822) has been recognized as a Great Place to Work in India and ranked 15th among the top 25 best companies to work for in India by Business Today.
- The company continues to face high churn rates, with a current rate of 4%, compared to peers at 2-2.5%.
- Vodafone Idea Ltd (BOM:532822) has been experiencing slower growth in 4G subscriber additions, which may be impacted by seasonal factors.
- The company has significant debt obligations, including INR2,095.2 billion in spectrum obligations and AGR liabilities.
- There is uncertainty regarding the outcome of the AGR case pending in the Supreme Court, which could impact financial stability.
- The company has yet to finalize its long-term contracts and 5G rollout plan, which may delay improvements in network quality and subscriber growth.
Good afternoon, ladies and gentlemen. This is Rio, the moderator for your conference call. Welcome to the Vodafone Idea Limited conference. (Operator Instructions) Please note that this conference is being recorded.
We have with us today, Mr. Akshaya Moondra, CEO of Vodafone Idea Limited; and Mr. Murthy GVAS, CFO of Vodafone Idea Limited, along with other key members of the senior management on this call. I want to thank the management team on behalf of all participants for taking valuable time to be with us. Given that the senior management is on this conference call, participants are requested to focus on the key strategic and important questions to make sure that we make good use of the senior management's time.
I must remind you that the discussions on today's call may include certain forward-looking statements and must be viewed, therefore, in conjunction with the risk that the company faces.
With this, I now hand the conference call over to Mr. Akshaya Moondra. Thank you, and over to you, sir.
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