Toh hua kya ki India ke teesre bade telecom player, Vodafone Idea ne finally 5 saal se chal rahi subscriber loss ki streak tod di hai. TRAI ke data ke mutabik, February 2026 mein unhone 21,927 net subscribers add kiye hain. Socho, January mein toh 4.11 lakh log kam hue the aur pichle kayi mahine se bas giri rahe the. Is khabar ke baad VIL ka stock thoda 1.4% upar bhaga, ₹8.65 tak pahunch gaya. Par ye number stock ke 52-week high ₹12.80 se abhi bhi kaafi neeche hai. Lagta hai market abhi bhi VIL ki financial problems ko zyada seriously le raha hai.
Ab dekho, VIL toh bas 21,927 badha paya, par is dauran uske bade competitors ne toofan macha diya. Bharti Airtel ne February mein hi 4.86 million naye users jod liye, ab unke total users ho gaye hain 472.65 million. Aur Reliance Jio toh hamesha ki tarah aage hai, unhone bhi 2.4 million users add kiye, ab unke ho gaye 493.11 million. Matlab clear hai ki Jio aur Airtel ka hi raj chal raha hai, aur woh log 5G mein bhi tezi se aage badh rahe hain. VIL ka average revenue per user (ARPU) bhi ₹172 ke aas paas hai, jo rivals se kaafi kam hai. Aur active users ki baat karein toh VIL ka ratio 85.24% hai, jabki Airtel ka 99.42% aur Jio ka 98.35% hai. Ye sab dikhata hai ki VIL ke network mein abhi bhi problems hain.
User badhne se company chali nahi, financial health abhi bhi critical hai. VIL abhi bhi loss mein hai, P/E ratio negative hai, aur book value bhi negative ho gayi hai. Debt ka toh alag hi rona hai, net debt lagbhag ₹1,873 billion hai aur har saal ₹200 billion se zyada ki repayment karni hai. Sarkar ne AGR dues mein thodi relief di hai, par kul liability bahut badi hai jo 2041 tak chalegi. Upar se alag alag fines bhi lag rahe hain, jaise commercial communication rules na follow karne par ₹6.03 lakh aur quality of service ke liye ₹3 lakh. Analysts bhi abhi cautious hain, sab bol rahe hain 'Hold karo', aur average target price sirf ₹9.98 diya hai, jo abhi ke rate se zyada door nahi. Company ko ₹45,000 crore ka naya fund bhi chahiye network upgrade ke liye.
Toh scene ye hai ki subscriber gain choti baat hai, lekin VIL ka future abhi bhi bahut mushkil lag raha hai. Ye sab depend karega ki woh naya fund kaise jod paate hain, network kitna improve karte hain, aur Jio-Airtel jaise giants se kaise compete karte hain. Analysts ka target price bhi zyada nahi lag raha, iska matlab abhi zyada bade jumps ki ummeed kam hai. Sirf subscribers ka loss rokna kaafi nahi hai, asli turnaround tab hoga jab company profit mein aayegi aur market share badhayegi.