Vodafone Idea seeks SBI-led debt for ₹45,000 crore capex
Vodafone Idea said it expects to raise debt from a State Bank of India-led consortium to fund its ₹45,000 crore capital expenditure plan.
TL;DR
- Vodafone Idea said it expects debt funding from an SBI-led lender consortium for a ₹45,000 crore capex plan.
- The company said it has already placed orders worth ₹9,100 crore.
- Vodafone Idea said ₹1,930 crore of that capex has already been deployed.
- The company said it plans to deploy the ordered capex in less than two quarters.
- Vodafone Idea said it is targeting an average rollout of about 3,500 4G sites per month.
Vodafone Idea said the planned borrowing would support a ₹45,000 crore network investment program. The company said it expects the debt capital to come from a consortium led by State Bank of India.
Vodafone Idea executive Kishore said the company has already placed orders worth ₹9,100 crore. He said this figure includes ₹1,930 crore of capex that has already been deployed.
Kishore said Vodafone Idea intends to deploy all of the ordered capex in less than two quarters. He said the company is looking to deploy about 3,500 4G sites per month on average.
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