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Vodafone Idea Ltd. plans to secure loans totaling 150 billion rupees ($1.8 billion) from lenders over the next two years. This is part of a larger strategy to raise 250 billion rupees in debt to repay creditors, roll out 5G, and bid for additional spectrum, following a recent $2.2 billion share sale.
BofA upgrades Vodafone Idea to neutral , citing potential for tariff hike leverage and enhanced 4G network coverage. Despite positive outlook, BofA refrains from recommending VIL as a buy, awaiting clarity on funding post-FY26. BofA suggests that tariff revisions may occur post-general elections.
Earlier this year, Vodafone Idea said it was planning to raise 250 billion rupees in debt as it seeks to reclaim some of its lost subscribers in India’s wireless market, which is dominated by Asia’s richest billionaire Mukesh Ambani and his Reliance Jio Infocomm Ltd.
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