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Vi to go ahead with expansion, fundraising plan
The Morning Standard
|September 21, 2024
VODAFONE Idea (Vi) on Friday announced that its equip ment deals with vendors for the expansion of its 4G and 5G network infrastructure are in the final stages and go ahead with its plan to raise 45,000 crore from the market through equity and debt.
The statement comes in light of the Supreme Court's dismissal of the telcos' petitions seeking a re-computation of adjusted gross revenue (AGR) dues. Following the court's decision, Vodafone Idea is now liable to pay nearly 70,000 crore in AGR to the Department of Telecommunications (DoT).
This story is from the September 21, 2024 edition of The Morning Standard.
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