Vi targets ₹25,000 crore bank funding this quarter
In short
Vodafone Idea expects to finalise bank funding this quarter and is in advanced talks to raise ₹25,000 crore.
The company plans to use the money to expand its 5G network and strengthen 4G capacity.
What the reporting says
Vodafone Idea expects to finalise funding from public sector banks this quarter as it ramps up capital expenditure to expand its 5G network and strengthen 4G capacity. CEO said the company is in advanced discussions with banks to raise ₹25,000 crore. The financing is meant to support network investment and capacity upgrades.
Why it matters
Vodafone Idea is in advanced discussions with banks to raise ₹25,000 crore and expects to finalise the funding from public sector banks this quarter. The planned capital will support higher spending on 5G expansion and 4G capacity, making the financing important for the company's network buildout.