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IDEA
has been active in seeking fresh capital to strengthen its financial position and fund network expansion. The company recently asked for a no-objection certificate from its lenders, including the State Bank of India, to pledge its optical fibre network. This move is part of an effort to raise approximately ₹7,000 crore from non-banking sources, such as private credit funds, for capital expenditure. The company has a total debt of around ₹2 lakh crore, with a significant portion consisting of deferred spectrum payments and Adjusted Gross Revenue (AGR) liabilities.
On the business front, Vodafone Idea continues to expand its 5G services. The company recently launched 5G in Kolkata, making it the second city in West Bengal to have access to its next-generation network. This is part of a broader strategy to roll out 5G across its 17 priority circles where it holds spectrum. Along with the 5G rollout, the company has also been upgrading its 4G network by deploying additional spectrum and new sites, which has increased its network capacity in both Kolkata and the Rest of Bengal circles.#WatchOutFor#StockInNews#FundamentalViews#EquityResearch#PersonalFinance
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