Vodafone Idea debt reduction to take time, says CEO Akshaya Moondra

Vodafone Idea CEO Akshaya Moondra on Wednesday said it will take some time for the company to reach a point where debt reduction starts happening but the company is looking at improving its performance.

“Debt reduction will start happening when our cash Ebitda is more than the financing cost plus the capex,” Moondra said while responding to shareholders’ query during the 29th annual general meeting (AGM) of the company.