Vodafone Idea's Ambitious 3-Year Plan: IIFL Calls it a 'Tall Ask'
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CNBC TV18•29-01-2026, 07:30
Vodafone Idea's Ambitious 3-Year Plan: IIFL Calls it a 'Tall Ask'
- •Vodafone Idea targets sustained subscriber additions, double-digit revenue growth, and a threefold increase in cash EBITDA by FY29.
- •The company plans a ₹45,000 crore capital expenditure over three years, funded by ₹25,000 crore debt and ₹10,000 crore bank guarantees.
- •IIFL flags execution risks, stating tripling cash EBITDA requires 16% revenue CAGR and market share gains from better-capitalized peers.
- •Vodafone Idea lost 3.8 million subscribers, taking its base to 193 million; gross debt stands at ₹2.098 lakh crore.
- •The company expects market leader to initiate tariff hikes, with Vodafone Idea following suit; AGR relief reassessment has begun.
Why It Matters: Vodafone Idea sets ambitious growth targets for the next three years, but analysts express concerns over execution risks.
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