SBI, others to give Rs 14K cr loan to Vi

MUMBAI: A consortium of mostly state-run lenders led by State Bank of India has agreed to extend a Rs 14,000 crore credit line to the cash-strapped telecom service provider Vodafone Idea (Vi), which has been trying to turn around its operations through a series of steps, including rolling out 5G services.

The debt raising when completed will be part of its funding plan of Rs 25,000 crore for capex spending as it looks to come out of heavy losses.