The stock nears its all time low..but now things could be changing here..
The govt has converted part of its dues into equity in Vodafone..paving the way for the promoters to pump money in + raise money in Vodafone.
They will have to now clear the dues of Indus Towers and also start spending for their 5G rollout too..
Expect things to start moving here..Won't surprise me if all 3 players reach a pact to share infrastructure in the future either to reduce capex. The telecom sector could soon become a massive cashcow..
Long at CMP..i wouldn't sell this stock unless it makes a new low below 125.
The govt has converted part of its dues into equity in Vodafone..paving the way for the promoters to pump money in + raise money in Vodafone.
They will have to now clear the dues of Indus Towers and also start spending for their 5G rollout too..
Expect things to start moving here..Won't surprise me if all 3 players reach a pact to share infrastructure in the future either to reduce capex. The telecom sector could soon become a massive cashcow..
Long at CMP..i wouldn't sell this stock unless it makes a new low below 125.