Why Vodafone leaving India || Supreme Court Order on Telecom Companies || SIRISHA VARMA
India has 1.18 billion phone subscribers, second only to China. With an eye-popping 765 million broadband subscribers, it is one of the largest guzzlers of data in the world. Fuelled by cheap prices and wide availability, growth has been explosive. In Jan 2022, Vodafone Idea, one of the oldest and third-largest players in the market, approved a state bailout to stave off an imminent collapse. The government is now likely to pick up a third – nearly 36% of the stake in the ailing operator, leaving the rest to its joint venture partners, British-owned Vodafone Group (28.5%) and India’s Aditya Birla conglomerate (17.8%).
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