Vodafone Idea plans to get back in the game but fundraising a challenge

The estimate for what it needs to tackle now is Rs 40,000 crore

Vodafone-Idea is working on a multi-pronged strategy to begin its long journey to get back in the game but much hinges on how much money it can raise following the government’s decision to go for equity conversion last week.

Based on discussions with sources aware of the company developments and with vendors, VIL’s immediate plan is to invest in increasing 4G coverage to the level of its competitors. Currently, it covers a 1 billion population with 4G while its competitors cover 1.2 billion people. VIL needs to reach 200 million additional potential customers.

A VIL spokesperson declined to comment on its plans. 

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