The company is facing twin challenges of retaining its customer base and raising enough funds to pay Rs 58,000 crore adjusted gross revenue dues to the government in ten years. At the company’s AGM, one shareholder pointed out that the company's survival was at stake and the board needed to introspect about what went wrong for the company. Shareholders also asked queries on competitive scenario as rival Jio launched aggressive post paid plans, the company's strategy for 5G
and to fund its expansion.
Takkar said the expansion of 4G coverage and data will be the focus areas for the company. He said the company's 4G coverage increased from 50 per cent to 82 per cent in two years and the company plans to increase to 90 per cent in a few key circles.
Earlier in September Vodafone Idea's board approved raising of upto Rs 25,000 crore through mix of debt and equity instruments.
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