Vodafone Idea unit seeks to raise $570 million via short-term debt

MUMBAI: India’s Vodafone Idea Telecom Infrastructure, a wholly owned subsidiary of telecom operator Vodafone Idea, is in talks to raise up to ₹50 billion ($569.5 million) through a debt sale in September, three sources familiar with the matter said on Tuesday.

The unit of India’s third-largest wireless carrier plans to issue bonds with tenors of two and three years, raising ₹30 billion and ₹20 billion, respectively, the sources said.