0
General

Vi looks to sell fibre, data centre assets, raise USD 1 billion for debt reduction - report

Wednesday 7 July 2021 | 07:23 CET | News
Indian operator Vi (Vodafone Idea) plans to raise up to USD 1 billion (approximately INR 74 billion) from the sale of its fixed line broadband subsidiary, optical fibre unit and data centres business. Via this sale, Vi seeks to raise funds to meet upcoming liabilities, The Economic Times reports. Vi faces payments of INR 225 billion due between December 2021 and April 2022, in a mix of regular debt and regulatory fees. Its cash balance stood at INR 3.5 billion at 31 March, and the operator generated a loss of INR 69.8 billion for the March quarter.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Vodafone Idea / You Broadband
Countries: India
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Indian govt agrees relief on telecom regulatory fees, plans spectrum reforms

Published 15 Sep 2021 16:08 CET | India
The Indian government has approved new relief measures for the telecom sector, after several operators said they were having ...

Vi revenues fall 14% in Q1 after losing over 12 mln customers

Published 16 Aug 2021 09:23 CET | India
Indian operator Vodafone Idea reported a net loss of INR 73.1 billion for its fiscal first quarter to June, less than the INR ...

Vi upgrades Enterprise Postpaid Plan offering

Published 02 Aug 2021 10:59 CET | India
Vi Business, the enterprise arm of Vodafone Idea (Vi), has introduced a range of postpaid plans for its corporate customers. The ...

Tower Infrastructure Trust to acquire Space Teleinfra for INR 9 billion

Published 21 Jul 2021 13:55 CET | India
Tower Infrastructure Trust (Tower InvIT) has agreed to acquire Space Teleinfra, an indoor coverage services provider in India. ...

Vi expands network to Kootupatha

Published 20 Jul 2021 11:41 CET | India
Indian operator Vi (Vodafone Idea) has deployed a telecom tower at Kootupatha in Mundur, Grama Panchayt, Palakkadu district. Vi ...

Vi studies fund-raising options

Published 20 Jul 2021 09:14 CET | India
Indian operator Vi (Vodafone Idea) has announced it continues to explore fund raising opportunities and will inform the ...

Digital Realty, Brookfield Infrastructure set up data centre JV in India

Published 15 Jul 2021 11:24 CET | India
Digital Realty and Brookfield Infrastructure have agreed to establish a 50/50 joint venture focused on the development, ownership ...

Vi's quarterly revenue drops nearly 12%, loses 2 mln customers

Published 05 Jul 2021 08:24 CET | India
India's 'Vi' brand from Vodafone Idea posted revenue of INR 96.1 billion for its fourth quarter ended 31 March 2021, which ...

Vodafone, Airtel to complete merger of Indus Towers, Infratel units

Published 02 Sep 2020 11:26 CET | India
Vodafone Group has announced it has agreed with Bharti Airtel and Vodafone Idea to proceed with completion of the merger of Indus ...

Vodafone India completes merger with Idea Cellular

Published 31 Aug 2018 10:07 CET | India
Vodafone Group has announced the completion of the merger between Vodafone India and Idea Cellular, first announced in March ...

Idea Cellular to rebrand as Vodafone Idea following merger

Published 04 Jun 2018 11:52 CET | India
The broad of directors of Indian mobile operator Idea Cellular has called for an extraordinary general meeting on 26 June to ...

Idea Cellular completes sale of tower business to ATC

Published 01 Jun 2018 08:11 CET | India
Indian operator Idea Cellular has announced the completion of the sale of its pan-India standalone tower business, by way of ...

Consortium to buy Indus Towers, Bharti Infratel for USD 11 bln - report

Published 11 Oct 2017 09:49 CET | India
A consortium led by US buyout fund KKR and comprising Canada Pension Plan Investment Board, Abu Dhabi Investment Authority and ...





Calendar   /   Industry Events

19 Oct Arm DevSummit
21 Oct Intel Q3
21 Oct Snap Q3
21 Oct Orange Belgium Q3 2021
21 Oct AT&T Q3 2021
21 Oct Telia Q3 results
21 Oct Digi Q3 2021
21 Oct Grameenphone Q3 2021
22 Oct Doro Q3 results
25 Oct Facebook Q3
25 Oct Calix Q3 2021
25 Oct Dtac Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct Twitter Q3 2021
26 Oct TIM Brasil Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct NENT Q3 2021
26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct Cabsat
26 Oct MWC Los Angeles
26 Oct Samsung Developer Conference
26 Oct FCC meeting
::: More Calendar Items