2023 will be decisive for Vodafone Idea, fundraising critical: CLSA

The brokerage firm CLSA said that with a decline in VI's share, Airtel and Jio together control 77 per cent and should continue to gain share in 2023

2023 will be a decisive year for Vodafone Idea (Vi), brokerage firm CLSA said on Tuesday. It added that data adoption and tariff hike-led revenue growth as well as 5G rollouts will be the key monitorable for the year.

In its outlook on the telecom sector, released on Tuesday, the firm said that 2023 will have three trends to watch out for when it comes to India's mobile market. Among them will be 5G rollouts and monetisation led by top-end subscribers.

Vi's financial crisis has not been averted, with delays in fundraising and pending conversion of four years' interest on