Voda Idea lines up Rs 20K-cr in­vest­ment to boost net­works

The Free Press Journal - - BUSINESS -

Voda­fone Idea is plan­ning to in­vest around Rs 20,000 crore in net­works over the next 15 months, ac­cord­ing to com­pany of­fi­cials.

“We have given capex of Rs 270 bil­lion for fi­nan­cial year 2019 and fi­nan­cial year 2020, com­bined to­gether. Out of that, roughly Rs 70 bil­lion has been spent in first nine months. In next 15 months we are look­ing at capex de­ploy­ment of Rs 200 bil­lion," Voda­fone CFO Ak­shaya Moon­dra said. The com­pany is also plan­ning to raise Rs 25,000 crore through rights is­sue, in which the pro­moter share­hold­ers -- Voda­fone Group and Aditya Birla Group -- have re­it­er­ated to the board that they in­tend to con­trib­ute up to Rs 11,000 crore and Rs 7,250 crore, re­spec­tively as part of such

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