Vodafone Idea adds 100 towers per hour after successful FPO

NEW DELHI: Telecom service provider Vodafone Idea Limited (VIL) announced on Monday that it has been adding 100 towers per hour following the successful completion of its follow-on public offer (FPO) earlier this year. India’s third-largest telecom operator added approximately 42,000 4G sites in the second quarter of FY 2024-25, marking the largest-ever quarterly addition of 4G sites by the company. As part of its revival plan, VIL raised equity funding of Rs 24,000 crore, including Rs 18,000 crore from the FPO.