Vi dials lenders for Rs 23,000 cr term loans, seeks Rs 10,000 cr in bank guarantees

Mumbai | Kolkata: Vodafone Idea (Vi) has proposed borrowing Rs 23,000 crore from banks in term loans — and sought another Rs 10,000 crore in bank guarantees — as the country’s third-largest telco looks to line up the capital expenditure necessary to compete effectively with bigger rivals Reliance Jio and Airtel in a telecom market that had once threatened to slip into a duopoly.