Idea and Vodafone which were once in the top two and three positions in India today are losing 30 to 40 lakh subscribers per month in debts of 2,20,000 crores it come to the situation today before the arrival of Jio in 2016 if you look at the major telecom companies in India Airtel, Vodafone, Idea and BSNL are also one. 250 GB data was used but suddenly 1 GB data came down from 250 to 30 rupees due to Jio. Mukesh Ambani is not only profiting with Jio but he also got crores of subscribers from these companies. If we reduce it further due to some financial problems Vodafone and Idea are ready to compete with the Jio company which will merge and suddenly come and take over the telecom industry in India in one blow and how is Airtel still standing in the face of Jio today I am going to tell you whether to own it Vodafone and Idea company which has about 25 crore users in 2022 lost 40 lakh subscribers in September and more than 30 lakh subscribers in October and this is still going on the other hand Airtel and Jio are adding few lakh new subscribers every month most of Vodafone Idea today.
Jio thinks that the reason for bankruptcy situation. If you really think so your wrong because of some wrong business decisions taken by Vodafone Idea today this company has come to such a critical situation. After economic reference in India in 1991 telecom sector was also opened for private companies to do business but at that time in India The existing telecoms license charges were very high. Spectrum means that if we want to get a signal to our phone it comes from a spectrum. Whichever company buys more range, they will have better signal and more coverage. In our India this spectrum is in the hands of the government and when it is put up for auction private companies buy that spectrum range. In 1999 as the prices in India were too high no private player came forward to buy it so the government brought a new revenue sharing model that is private companies did business without having to pay anything to the government first later the annual gross revenue.
And they got means that they have to pay a part of their income as licensing fee to the government every year. Because of this new system many private companies have started business by taking the government and starting their business. Idea and Vodafone are the major companies. Here misunderstanding. happened According to the annual gross revenue government rules the income received from the services and non services provided by a telecom company are included but the private companies only thought of telecom service. In 2005 the Cellular Operation Association of India filed a case in the court and the court ruled in favor of the government in 2019. Due to ATR news for 20 years from 1999 to 2019 spectrum license fee to be paid by all telecom companies to the government is 165,000 crores out of which only Vodafone and Idea have more than 60 thousand crores. But still even at that time idea company could have become a profitable business but again id company took some wrong steps till 2015 due to idea being in indian telecom industry.
And they did not take any future oriented steps like 3g 4g and 5g also got a lot of money. To give you further understanding, in 2020 Mukesh Ambani sold his Reliance Jio 9.99 to Facebook and generated more than 43000 crore funds. If Mukesh Ambani wants the banks in India will give him any amount of loan but the reason for generating funds by owning shares in his company is that if any company has more debts the company valuation will decrease. Instead if Facebook sells less than 10 percent of his company he will not lose ownership in Reliance and companies like Facebook. Collaborating with will increase and it will also help in the funds needed to expand Jio in the future. If you observe that in 2022 the Government of India will invest 1,50,000 crores in five genes Pectoral Action and mukesh ambani will invest 80 thousand crores in it and 50 percent will be for 5g spectrum for Jio. Now Jio is in a good valuation and Idea company was also in a good valuation in 2014 and 2015 that is the share of Idea company was trading at almost 120 in the Indian stock market.
At such a time if Idea had sold some shares in the company and then settled it then like Airtel today Idea would have given a good competition to Jio at the time when Idea Company was in good profits they did not take any steps to settle their debts but to expand the company in the future. It has come to a situation where it is not possible to say whether this company will exist in the future so any bank in the world wants to give a loan to a growing company with a good valuation but not to a company that is in debt so because of this Vodafone Idea is not able to update their infrastructure in 4g and give a good competition to funds or Jio and Airtel. Government of India has come up with some proposals for Vodafone Idea to save Vodafone Idea which is in a situation of closure and keep a good competition in the Indian Telecom Industry. According to this the share of Idea Company in the stock market has stabilized around 10 but instead of the 16 thousand crores that Idea Company has to pay to the Government in the form of interest the Government of India has announced that it will take 33 percentage of the shares in Vodafone Idea Company.
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