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

MUMBAI (Reuters) -India’s Vodafone Idea Telecom Infrastructure, a wholly owned subsidiary of telecom operator Vodafone Idea, is in talks to raise up to 50 billion rupees ($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 rupees and 20 billion rupees, respectively, the sources said.