Vodafone Idea pins hope on cashflow growth, loans, tax refunds to meet ₹1 lakh crore cash requirement
New Delhi: Vodafone Idea has pinned hope on its target to triple cashflow, as well as on new loans, tax refunds and fresh capital infusion from promoters to generate over ₹1 lakh crore cash required in the next three years, a senior company official said on Monday.
Vodafone Idea (Vi) aims to spend ₹45,000 crore in capex to improve its network and remain competitive in the market. Besides, the company has a spectrum liability of ₹49,000 payable over the next three years and another ₹5000-6000 crore to service debt.
