I missed this story from August by Pratap Vikram Singh, writing for The Ken:
Vi, India’s third largest telco, is on the verge of closure. Things reached a head when a letter from promoter Kumar Mangalam Birla to a govt official was leaked
The letter, dated 7 June, was sent from Aditya Birla Group chairperson Kumar Mangalam Birla to Cabinet Secretary Rajiv Gauba. In it, Birla pleaded for “immediate active support” from the government. Without this, he warned, the telco would be driven to “an irretrievable point of collapse.” Birla even offered to hand over his 27% stake in the company to the government or any entity chosen by it in order to ensure the company, India’s third largest telco, remained a going concern. Later media reports indicated that Vi had also conveyed this message to banks.
I can’t imagine how Vi is planning to survive in the market so excellently dominated by Airtel and Jio. Not only is Vi’s network piss-poor, their customer support isn’t any better either. And to make matters worse, the merger of Vodafone and Idea was like a self-inflicted leg wound in the midst of a 100m sprint.