Vodafone Idea seeks $1.8bn loans over 2 years for repayment, 5G rollout, and spectrum bid.
Vodafone Idea, India's telecom carrier, is in talks to secure loans worth $1.8bn over the next two years, according to Bloomberg News. The company plans to use the funds to repay operational creditors, roll out a 5G network and bid for additional spectrum. Vodafone Idea has reportedly approached state-run lenders State Bank of India (SBI), Bank of Baroda, Punjab National Bank, and some privately-held banks.
May 02, 2024
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