He additionally claimed that this is the single-largest FDI arrival into the country till date.
The funds will be acclimated to retire debt, behest for spectrum that begins aing week, amplification of arrangement and deployment of aing bearing technologies, Sood informed.
The company’s debt stands at “around Rs 25,000” crore at present, and it is bisected of the company’s equity, the MD said.
Declining to admit any specifics on the IPO, Sood said the close is continuing to adapt for the allotment bargain on “full steam”.
The company’s absolute chump abject has affected 200-million mark, he said, abacus that 106 actor of are in rural areas.
Till now, Vodafone has invested a absolute of Rs 1,15,500 crore in the country back 2007 and has 1,37,000 sites.
Incumbent telcom firms like Airtel, Vodafone and Idea accept been on a abhorrence afterward the access of Reliance Jio with an advance of Rs 1.5 lakh crore, and alms casework such as chargeless articulation and cheaper abstracts plans.
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