Voda Idea plans ~20K-cr net­work in­vest­ment

Business Standard - - COMPANIES -

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.

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