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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The struggling telecom operator is aiming to borrow from an SBI-led consortium of lenders to strengthen its network.
Vodafone Idea is in talks with lenders for a loan of $2.9 billion, or about Rs 25,000 crore, to strengthen its network and improve operations, Bloomberg reported on Wednesday. State Bank of India—the country’s top lender—is expected to lead a consortium for this purpose. The debt will likely be a mix of domestic and foreign loans with a tenor of about 10 years.
Global banks are also likely to join the consortium and the fundraising process is expected to conclude within a year, according to the report.
Vodafone Idea had to previously defer its fundraising plans because of concerns about …
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
