Vodafone Idea Might Soon Raise Up to Rs 7400 Crore
Troubles for Vodafone Idea (Vi) won’t end if the telco can’t soon raise money to invest in its networks and arrest subscriber loss. The telco might soon raise between $750 million (Rs 5,550 crore) to $1 billion (Rs 7400 crore) via overseas convertible bonds options. According to ET Telecom, this money would be used to pay off vendors, fund capex plans, and also meet loan repayment obligations. The telco might... Read More