Vodafone Idea Limited (VIL), India’s third-largest telecom provider, plans to secure approximately Rs 45,000 crore through a blend of equity and debt. With Rs 20,000 crore allocated for 4G network expansion and 5G rollout, the move aims to enhance competitiveness. The company, facing challenges in raising funds for over three years, will convene a shareholder meeting on April 2, 2024, seeking approval. Aditya Birla Group, the promoter, is committed to participating in the equity raise. Vi’s struggle to compete with rivals and introduce 5G services may see improvement with this fund infusion, enabling significant network expansion and improved customer experience.
Vodafone Idea Aims to Raise Rs 45,000 Crore for 4G and 5G Expansion
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