Vodafone Idea seeks Rs 23,000 crore term loan to boost 4G and 5G rollouts

India’s third-largest telecom operator, Vodafone Idea (Vi) has proposed to borrow Rs 23,000 crore in term loans and sought an additional Rs 10,000 crore in bank guarantees, according to a report by The Economic Times. This funding is part of Vi’s strategy to compete with larger telecom rivals Reliance Jio and Airtel in a market by enhancing its 4G coverage and 5G rollout.

Both Reliance Jio and Bharti Airtel have already deployed pan-India 5G networks.