Support Telecomtalk
Highlights
- Allocation for network expansion reduced from Rs 12,750 crore to Rs 10,492 crore
- Vodafone Idea fully utilised the entire FPO proceeds by FY26 end
- The telecom operator spent Rs 1,487.81 crore on network expansion during Q4 FY26
Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Vodafone Idea has reallocated Rs 2,258 crore from the originally planned network expansion allocation toward spectrum-related payments, according to the latest monitoring agency report issued by CARE Ratings. The disclosure was made in the monitoring report for the quarter ended March 31, 2026, linked to Vodafone Idea’s Rs 18,000 crore Further Public Offer (FPO).
- Make Telecom Talk My Trusted Source
What the CARE Ratings Filing Revealed
The CARE Ratings report showed that Vodafone Idea had originally planned to allocate Rs 12,750 crore from the FPO proceeds toward network infrastructure expansion this included setting up new 4G sites, expanding the capacity of existing and new 4G sites, and deploying new 5G sites.
However, the allocation for this objective was revised downward to Rs 10,492 crore. CARE Ratings stated that Rs 2,258 crore was reallocated toward payment of deferred spectrum dues to the Department of Telecommunications (DoT) along with related GST obligations.
According to the filing, the reallocation was carried out pursuant to a resolution passed by Vodafone Idea’s Board of Directors on May 30, 2025.
Vodafone Idea Reduced Planned Network Expansion Allocation
The filing showed that the revised allocation for network expansion activities stood at Rs 10,492 crore compared to the originally proposed Rs 12,750 crore.
CARE Ratings said the network expansion objective covered:
- Setting up new 4G sites
- Expanding capacity of existing and new 4G sites
- Deploying new 5G sites
The monitoring agency report also stated that Vodafone Idea utilised the entire revised amount of Rs 10,492 crore toward this objective by the end of FY26.
During the fourth quarter of FY26 alone, Vodafone Idea incurred Rs 1,487.81 crore toward network expansion activities.
Spectrum Payment Allocation Increased
Following the reallocation, the amount earmarked toward deferred spectrum payments and related GST obligations increased from Rs 2,175.32 crore to Rs 4,433.32 crore. CARE Ratings stated that Vodafone Idea fully utilised the revised amount allocated for spectrum-related payments by the end of the quarter.
