Jio and Airtel having internal talks to swiftly absorb Vodafone-Idea users if it fails

According to recent reports, Reliance Jio Infocomm and Bharti Airtel have started internal consultations. se consultations are to discuss how both of telecom giants can swiftly upgrade ir plans and absorb Vodafone-Idea users in case it shuts down. Here are all developments that have surfaced about story so far:

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Jio and Airtel looking for internal resizing to absorb Vodafone-Idea users if latter fails

If Vodafone-Idea shuts down, users will ultimately flock to Reliance Jio Infocomm and Bharti Airtel. According to reports, for this transition to take place, both Jio and Airtel will have to internally resize ir network sizing. Ar interesting fact is that resizing can also happen without purchase of additional spectrum. Vodafone-Idea has 304 million subscribers out of which 123 million are 4G users. If Vodafone-Idea winds up operations, its 4G users will be up for grabs by both Bharti Airtel and Reliance Jio Infocomm. However, 2G and 3G users will only have option to flock to BSNL, MTNL and Airtel as Jio is a 4G only telecom operator.

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According to analysts and experts, if Vodafone-Idea fails at any given point of time, Bharti Airtel will be biggest beneficiary of downfall. Analysts have mentioned how Bharti Airtel would be biggest beneficiary if Vodafone-Idea goes into IBC (Insolvency or Bankruptcy Code). While reports of Vodafone-Idea’s bankruptcy are making rounds, a telecom operator has to give a 30-day tice to users about shutting down services, and a 60-day tice to Telecom Regulatory Authority of India (TRAI) so that y can inform users about MNP (Mobile Number Portability). According to GoI estimates, Vodafone-Idea’s dues total about ₹ 50,000 crores, and it had cash reserves of ₹ 12,500 crores till December 2019 end.

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After court hearing, Vodafone-Idea’s board decided to immediately pay ₹ 2,500 crores, and an additional ₹ 1,000 crores by end of this week. After making se transactions, Vodafone-Idea will be left with ₹ 9,000 crores of cash. On February 15, 2020, Vodafone-Idea said that ir ability to continue would be dependent on positive outcome of modification plea filed by m to Supreme Court of India. next court hearing on matter is scheduled to take place on March 17, 2020.

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