Vodafone Idea Reports Rs 6,609 Crore Loss, Plans 5G Rollout in Mumbai by March 2025

5G Rollout

Vi announced that the commercial launch of 5G services in Mumbai is planned for March 2025 and Delhi, Bangalore, Chandigarh and Patna for April 2025.

“We are driving investments and the velocity of capex deployment is set to accelerate in the coming quarters. Concurrently, the phased rollout of 5G services is underway, targeting key geographies. We are pleased to report highest quarterly cash EBITDA since merger of Rs 2,450 crore, registering a YoY growth of 15 percent. With our intensifying investments, we anticipate further improvement in both operational and financial performance,” Akshaya Moondra, CEO of Vodafone Idea Limited, said in a statement.

Moondra added that with the recent equity infusion of Rs 1,910 crore from one of Vi’s promoters, the telco has now secured approximately Rs 260 billion in fresh equity capital over the past 10 months.

Also Read: Vodafone Idea Voice-Centric Plans in January 2025 Detailed

Vi is continuing to engage with lenders for debt financing for planned network expansion investment of Rs 50,000–55,000 crore over a three-year period. “The government’s decision on the bank guarantee waiver underscores its ongoing support for the telecom sector—a critical pillar of Digital India’s future,” he added.

Capex spending for Q3FY25 was Rs 32.1 billion, taking the capex for the nine months to Rs. 53.3 billion. The telco said its network rollout will accelerate further in Q4FY25 with the full-year expected capex of around Rs 100 billion.

“The debt from banks reduced by Rs 52.9 billion during the last one year and stood at Rs 23.3 billion (was at Rs. 76.2 billion in Q3FY24). The cash and bank balance stood at Rs 120.9 billion as of December 31, 2024,” the telco said in its statement.