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5G tech, new equity investors to be Vodafone Idea's calling card

Valuation gets a leg-up after bailout package

Vodafone Idea
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The loss-making company will be saving up to Rs 23,000 crore per annum to help it tide over its immediate cash-flow crisis.

Dev Chatterjee Mumbai
Vodafone Idea (Vi), a joint venture between Aditya Birla Group and Vodafone Group, will continue to scout for new equity investors and invest in new technologies, including in fifth-generation-based technology, after the central government’s bailout package.

The loss-making company will be saving up to Rs 23,000 crore per annum to help it tide over its immediate cash-flow crisis. “It is a big relief to both promoters that the company will not face bankruptcy as was the case before the package,” said a source close to Vi. 

The promoters will look at all options to ensure the company remains a going

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First Published: Sep 17 2021 | 12:12 AM IST

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