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Vodafone Idea plans Rs 20,000 crore network investment over next 15 months

The country's largest telecom firm Vodafone Idea is planning to invest around Rs 20,000 crore in networks over the next 15 months. The company is also planning to raise Rs 25,000 crore through rights issue, in which the promoter shareholders -- Vodafone Group and Aditya Birla Group -- intend to contribute up to Rs 11,000 crore and Rs 7,250 crore, respectively. The promoter shareholders have also said that in case the rights issue is under-subscribed, each of the promoter shareholders reserves the right to subscribe to part or whole of the unsubscribed portion.

Read More at CNBC TV18 News date : 11 Feb 2019, Monday

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