Help Desk -
9717405332, 9810335381 @info@telecomguru.co.in
704-B, Millennium Plaza, Sushant Lok-I, Gurgaon

Vodafone Idea plans INR 20,000 crore network investment over next 15 months

Infrastructure News - Published on Mon, 11 Feb 2019

Image Source: The Economic Times
ET Telecom reported that country's largest telecom firm Vodafone Idea is planning to invest around INR 20,000 crore in networks over the next 15 months, according to company officials. Vodafone Chief Financial Officer Mr Akshaya Moondra told analysts in a tele-conference that "We have given capex of INR 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 INR 200 billion."

The company is also planning to raise INR 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 INR 11,000 crore and INR 7,250 crore, respectively as part of such rights issue.

The promoter shareholders have also said that in case the rights issue is under-subscribed, each of the promoter shareholders reserves the right to subscribe to part or whole of the unsubscribed portion.

Mr Moondra told analysts that the capex guidance of INR 27,000 crore does not include capacity that will be created by reusing equipment from the synergy of operations between Vodafone and Idea, which is estimated to be valued at around INR 6,200 crore.

When contacted, Vodafone Idea confirmed investment details and said that "capacity creation on account of consolidation of spectrum is over and above capacity creation with the above two categories of fresh capex and redeployed equipment".

Source :

Posted By : TelecomGuru on Mon, 11 Feb 2019
Related News from Infrastructure segment