Vi charts Rs 1 lakh crore funding plan for next three years

Vodafone Idea said on Monday that it was deeply engaged with a consortium of lenders led by State Bank of India for a proposed Rs 35,000-crore funding package, as the telecom operator looks to accelerate network investments and expand 5G services.

Speaking at the company’s post-results analyst conference, CEO Abhijit Kishore said the proposed package includes around Rs 25,000 crore in loans and nearly Rs 10,000 crore in non-fund-based facilities such as letters of credit for procurement of network equipment.