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 government dues and stalled fundraising efforts. The end of a four-year moratorium on regulatory payments this September adds urgency, with Rs.16,428 crore in adjusted gross revenues (AGR) dues due by March 2026 and Rs.2,641 crore in deferred spectrum payments by June. Kishore's immediate priorities could include negotiating with the government for relief and securing bank funding to support a planned Rs.50,000-55,000 crore capex over the next three years. Analysts argue that the leadership change is routine and that Vi's survival hinges on external factors. "Vodafone Idea's problems can ultimately be traced back to the delays in the legal system," said J.N. Gupta, founder and managing director of Stakeholders Empowerment Services, a not-for-profit proxy advisory firm. The leadership change appears routine, and the company's survival now hinges on relief from its AGR-related dues. The court's refusal to even address the so-called calculation mistakes is intriguing, he added. "The change in leadership can neither be viewed positively nor negatively," added Shriram Subramanian, founder and managing director of InGovern Research. "The business now is not dependent on who leads but on funds." The SC's recent rejection of Vi's plea to waive Rs.45,000 crore in interest and penalties on the Rs.83,400 crore pending AGR dues has further strained its prospects....