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Axiata Group sells stake in India’s Vodafone IdeaAxiata Group sells stake in India’s Vodafone Idea

Uncertainty surrounding Vodafone Idea's future in the country seems to be the main reason for Axiata to exit the Indian market.

Gagandeep Kaur

August 21, 2020

3 Min Read
Axiata Group sells stake in India’s Vodafone Idea

Malaysia's Axiata Group Berhad has sold its 8.15% stake in Vodafone Idea, marking the exit of Axiata from the Indian market. 

Uncertainty surrounding Vodafone Idea's future in the country seems to be the critical reason for Axiata to completely exit the Indian market.

Figure 1: Loss of market share and an inability to pay AGR dues have made Vodafone Idea's future in the country too uncertain. 

(Source: Thomas Leuthard; CC BY 2.0) Loss of market share and an inability to pay AGR dues have made Vodafone Idea's future in the country too uncertain.
(Source: Thomas Leuthard; CC BY 2.0)

About the Author(s)

Gagandeep Kaur

Contributing Editor

With more than a decade of experience, Gagandeep Kaur Sodhi has worked for the most prominent Indian communications industry publications including Dataquest, Business Standard, The Times of India, and Voice&Data, as well as for Light Reading. Delhi-based Kaur, who has knowledge of and covers a broad range of telecom industry developments, regularly interacts with the senior management of companies in India's telecom sector and has been directly responsible for delegate and speaker acquisition for prominent events such as Mobile Broadband Summit, 4G World India, and Next Generation Packet Transport Network.

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