Vi unveils capex plan for Rs.45k cr over three years
New Delhi, Jan. 29 -- Vodafone Idea (Vi) on Wednesday said it is targeting double-digit revenue growth, three-fold increase in operating profit, and sustained subscriber additions in the next three years, as it unveiled a Rs.45,000-crore capital expenditure plan in its Vi 2.0 strategy. The proposed investment, combined with the Rs.18,000 crore spent over the past six quarters, would take the company's total network investment to over Rs.60,000 crore over a four-and-a-half-year period, the company said at an analyst meet in Mumbai.
To support the capex plan, the telecom operator is looking to raise Rs.25,000 crore in bank funding and Rs.10,000 crore in non-funded facilities.
"We are not looking at equity (for the fund-raise) at this time," s...
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