Vodafone Idea Needs More Funds to Invest in Networks: Fitch
Vodafone Idea Limited (VIL), the third-largest telecom operator in the country is in need of more funds if it wants to scale capex (capital expenditure), believes Fitch Ratings. Vi's management has said that the capex would touch Rs 80 billion in the second half of FY25, which is almost 4x of what the telco spent in the first half. While Vodafone Idea already has the funds it raised through equity,... Read More