Vodafone Idea in talks to refinance over Rs 6,000 crore of its debt

Fall in 4G customers is a concern as Airtel continues to increase its share

Vodafone Idea (Vi) is in discussion with bond holders to refinance over Rs 6,000 crore of debt that is due in the next four-six months, the company said in an analyst call on Monday.

The telecom company’s operational performance has been affected by intense competition, low tariffs, and a debt of Rs 1.9 trillion, leaving it with little surplus for a network upgrade. Its plans to raise Rs 25,000 crore from investors too have not fructified.

While the Vi management is hoping for a favourable decision from the government on floor tariffs, it is working to raise cash and save interest costs.