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VIL plans network investment worth Rs 200 billion over next 15 months

February 11, 2019
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Vodafone Idea Limited (VIL) is planning to invest Rs 200 billion in network investments over the next 15 months.

According to VIL officials, the company has planned a total capex of Rs 270 billion for financial year 2019 and financial year 2020 combined. Out of that, approximately Rs 70 billion has been spent during the first nine months. However, the capex guidance of Rs 270 billion does not include capacity that will be created by reusing equipment from the synergy of operations between Vodafone and Idea, which is estimated to be valued at around Rs 62 billion.

Meanwhile, the company is also planning to raise Rs 250 billion through rights issue, in which the promoter shareholders namely Vodafone Group and Aditya Birla Group intend to contribute up to Rs 110 billion and Rs 72.5 crore, respectively.

Further, the promoter shareholders also stated that in case the rights issue is under-subscribed, each of the promoter shareholders reserves the right to subscribe to part or whole of the unsubscribed portion.

 
 
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