Vodafone Idea Limited (VIL) is poised for its Rs 18,000 crore FPO, earmarking Rs 5,720 crore for 5G rollout within the next six to nine months. CEO Akshaya Moondra expressed confidence in full subscription and highlighted groundwork for 5G. The FPO, priced at Rs 10 to Rs 11 per share, aims to bolster investor confidence post-government equity conversion. Moondra emphasized ARPU competitiveness despite subscriber loss and outlined plans to enhance 4G coverage with FPO funds. VIL clarified it won’t bid in the upcoming spectrum auction, citing sufficient existing spectrum.
Vodafone Idea Confident in Fully Subscribing Rs 18,000 Crore FPO, Aims for 5G Rollout
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