Vi gets new CEO, but revival hinges on funds
New Delhi, Aug. 16 -- A leadership change at Vodafone Idea (Vi) is not expected to immediately change the company's outlook, with analysts and proxy advisory firms noting that its revival will rely more on fresh capital and policy support than on the change in leadership.
On Thursday, the telecom operator announced the appointment of chief operating officer Abhijit Kishore as chief executive officer (CEO) from 19 August for three years. This follows the completion of the current CEO, Akshaya Moondra's term.
However, industry experts caution that this change is unlikely to alter the company's trajectory unless accompanied by substantial financial and policy support. Vi continues to face mounting losses, a staggering Rs.2 trillion in governme...
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