Voda­fone Idea plans to in­vest ₹20,000 crore

The Hindu - - BUSINESS - Press Trust of In­dia

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.

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