'Tough times don't last': Birla says Vodafone Idea has navigated one of its toughest periods
NEW DELHI, June 11 -- Vodafone Idea has emerged from one of the most difficult phases in its history and is now focused on executing its turnaround plan, non-executive chairman Kumar Mangalam Birla said on Thursday, as the telecom operator sought shareholder approval for a Rs.4,730-crore promoter funding infusion.
Addressing shareholders at an extraordinary general meeting (EGM), Birla sought to project confidence in the company's revival while acknowledging that challenges remain. This comes Vodafone Idea continues to pursue long-awaited bank financing and manage large spectrum payment obligations.
"...in my annual reflections, I had said tough times don't last, tough companies do. Those words resonate more strongly with our company to...
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