Vodafone Idea plans Rs 45,000 cr capex in next 3 yrs: Vi CEO

Vodafone Idea plans Rs 45,000 cr capex in next 3 yrs: Vi CEO

New Delhi, Jan 28 (PTI) Debt-ridden Vodafone Idea is planning to invest Rs 45,000 crore over the next three years to come back on a growth trajectory, a senior official of the company said on Wednesday.During the company’s earnings call for the third quarter of the current fiscal year, Vodafone Idea (Vi) CEO Abhijit Kishore said the company will expand network coverage in 17 out of 22 telecom circles to bring it at par with competitors and try t…

Vodafone Idea finally looks ‘beyond survival’ after AGR ruling - Total Telecom

News Government tax relief could open the door for Idea to find fresh funding Vodafone Idea could finally be primed for ‘revival’ following the government’s adjusted gross revenue (AGR) relief, according to chairman of Aditya Birla Group, Kumar Mangalam Birla. Aditya Birla Group currently owns a roughly 9.5% stake in Vodafone Idea. “For the first time in years, the fog has cleared, allowing the business to look beyond survival and focus on susta…

Kumar Mangalam Birla Comments on Vodafone Idea Turning Point

Kumar Mangalam Birla, chairperson of the Aditya Birla Group, a promoter of Vodafone Idea Limited (VIL), recently talked about the telco. Birla, for the obvious reasons, refrains from commenting too much about the telco in public forums. But after the recent developments, even he has commented about the business. For the unaware, the government recently gave a huge adjusted gross revenue (AGR) relief to Vi. The telco doesn’t have to pay the AGR d…