Vodafone Idea CEO completes Rs 18k-crore FPO, 7x subscribed; plans 4G expansion, 5G rollouts.
Vodafone Idea (Vi) CEO Akshaya Moondra announced the successful completion of the company's Rs 18,000-crore follow-on public offer (FPO), subscribed 7 times, reflecting investor trust. Vi plans to invest in 4G expansion and 5G rollouts using FPO funds and further bank debt. The company aims to install 26,000 towers in the next two years, with over Rs 12,000 crore allocated for 4G expansion and 5G deployment.
May 10, 2024
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