Voda Idea plans ~20K-cr network investment

The country’s largest telecom firm Vodafone Idea is planning to invest around ~20,000 crore in networks over the next 15 months, according to company officials. “We have given capex of ~27,000 crore for financial year 2019 and financial year 2020, combined together. Out of that, roughly ~7,000 crore has been spent in first nine months. In next 15 months we are looking at capex deployment of ~20,000 crore,” Vodafone Chief Financial Officer Akshaya Moondra told analysts in a tele-conference.