Vi to go ahead with expansion, fundraising plan

NEW DELHI: Vodafone Idea (Vi) on Friday announced that its equipment deals with vendors for the expansion of its 4G and 5G network infrastructure are in the final stages and go ahead with its plan to raise Rs 45,000 crore from the market through equity and debt.

The statement comes in light of the Supreme Court’s dismissal of the telcos’ petitions seeking a re-computation of adjusted gross revenue (AGR) dues. Following the court’s decision, Vodafone Idea is now liable to pay nearly Rs 70,000 crore in AGR to the Department of Telecommunications (DoT).