Keen to tap banks for ₹35,000 crore, now that evaluation’s done: Vodafone Idea

Banks have completed the techno-economic evaluation (TEV) of Vodafone Idea and it is in discussions for landing the ₹35,000-crore additional financing required for its capital expenditure needs, the company said.

“Vi is in active discussions with banks to secure debt funding. A key milestone in this process was the completion of the independent techno-economic evaluation initiated by the banks. This has been completed. The TEV report has always been a standard requirement from the banks, and while it was conducted previously, this time it was updated,” said a spokesperson in response to queries from Mint.