Vodafone Idea plans to invest ₹20,000 crore
Vodafone Idea is planning to invest about ₹20,000 crore in networks over the next 15 months, according to company officials.
“We have given capex of (capital expenditure) ₹270 billion for financial years 2019 and 2020, combined together. Out of that, about ₹70 billion has been spent in first nine months.
“In next 15 months we are looking at capex deployment of ₹200 billion,” Vodafone CFO Akshaya Moondra told analysts.
The capex guidance of ₹27,000 crore did not include capacity that would be created by reusing equipment from the synergy of operations between Vodafone and Idea, the company official added.