Vodafone Idea plans ₹1.08tr raise to triple EBITDA to ₹60,000cr
Business
Vodafone Idea is gearing up to raise a massive ₹1.08 trillion over the next three years, hoping this cash injection will help pay off debts and seriously upgrade its network.
The goal? Triple their EBITDA by fiscal 2029 to ₹60,000 crore during FY27-FY29 and finally get back in the telecom game.
Vodafone Idea plans 60,000-70,000 4G sites
Most of the funds will cover spectrum dues and expand 4G coverage: think 60,000 to 70,000 new sites reaching 120 million more people soon.
Part of the money comes from bank loans, tax refunds, and a fresh commitment from Aditya Birla Group.
CEO Abhijit Kishore says they're also working hard to keep more users on board as data usage climbs and ARPU hits ₹174.