Vodafone Idea may drive up to 15,000 incremental tenancies for Indus between FY27-28: Analysts

NEW DELHI: The adjusted gross revenue (AGR) relief for Vodafone Idea (Vi), and the telecom carrier’s latest ₹45,000 crore three-year capital expenditure (capex) plan could drive 5,000 to 15,000 incremental tenancies for Indus Towers between FY27 and FY28, according to analysts.

If Vi succeeds in concluding its much-awaited debt raise, it would enable the passive telecom infrastructure provider to resume dividend payouts in the fiscal fourth quarter of FY26 (Q4FY26), they added. However, the Gurugram-headquartered tower company could also opt for the share buyback route.