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ICRA Research Report
Feeling the heat of the headwinds faced by the industry, Vodafone Idea Ltd. also witnessed pressure in the form of shrinking subscriber base, stagnating 4G user base, pressure on cash flow generation, low average revenue per user levels, low capex levels and burgeoning debt levels and it has come to a point where it needs material external support to continue operations.
In a scenario where Vodafone Idea exits Indian markets, not only the employees and subscribers, but the lenders and associated industries like towers and equipment manufacturers would be impacted.
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