Vodafone Idea makes substantial progress on funding; raises Rs 6,400 crore

Vodafone Idea on Tuesday said it has made “substantial progress” in discussions with lenders across three funding cohorts as the telecom operator works to raise funds for its Rs 45,000 crore three-year capital expenditure (capex) plan. The company has raised Rs 6,400 crore in its first tranche of funding and has started placing orders worth around Rs 9,000 crore, the company said during its Q1 FY27 earnings call.

“We remain meaningfully engaged with our lenders across these three cohorts and have made substantial progress with them,” Vodafone Idea CEO Akshaya Moondra said during the earnings call.