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Vodafone Woes

900 Crore  default  to government by Vodafone.

4,900 crore  in losses.

Massive.

https://www.screener.in/company/IDEA/consolidated/#profit-loss

After seeing profits  continuously since 2006, for the first time the company is seeing massive losses.

Jio!  Is it creating profits?

2 lakh crore invested. 25 core customers.

Jio has to make around Rs. 667 from each customer per month to get back its investment.

That is difficult,  that is why it needs more customers.

Can we create a company like Jio?  Yes, if we work extremely hard and network for the next 50 years (remembering that Dhirubhai Ambani started Reliance group).

Do we have to focus  to achieve it?  That is what matters.

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