Vi to Restart Fundraise Talks This Month for Capex Needs

CASH-STRAPPED VODAFONE IDEA will restart its discussions with banks this month to raise funds through debt, as it looks to maintain its capital expenditure intensity beyond the first half of FY26.

- URVI MALVANIA

The proposed fundraise will be crucial for Vodafone Idea to continue investing in its 4G network and expanding its 5G footprint.

"Currently, we have got capex under implementation in the ballpark of about ₹5,000-6,000 crore. A large part of it would be implemented in the current quarter and some of it may spill over to the next quarter," its chief executive Akshaya Moondra said, adding fundraise will be required for the remaining quarters of the year. "After the (debt-to-equity) conversion (by the government), we have started re-engaging with the banks. There are some activities which we have to finish, which are currently in progress and we will start discussions with the banks somewhere in this month," Moondra said in the fourth-quarter earnings call.

He, however, did not specify what these actions and activities were.