Vodafone Concept (Vi) is in discussions with lenders to boost roughly Rs 250 billion (USD 2.9 billion) in long-term loans to improve its community infrastructure and compete extra successfully with Reliance Jio and Bharti Airtel, Bloomberg reported, citing sources accustomed to the matter.
Additionally Learn: Authorities Weighs Aid Choices for Vodafone Concept Amid Survival Issues
SBI to Lead Lending Consortium
The State Financial institution of India (SBI) is anticipated to steer a consortium of lenders for the funding, which can doubtless comprise a mixture of home and international loans with a tenor of round 10 years. The transfer marks a renewed try by the telecom operator to safe financing after earlier plans had been deferred because of issues over its weak financials and substantial authorities dues, in line with the report.
The fundraising efforts have gained momentum amid stories that the Indian authorities could supply reduction to telecom corporations on their excellent statutory dues. Vodafone Concept has been steadily dropping subscribers to rivals and is looking for capital to roll out sooner networks and arrest the decline in its market share.
Additionally Learn: Authorities Stake in Vodafone Concept Rises to 48.99 % After Recent Fairness Allotment
Authorities Stake and Fundraising
In April, the federal government elevated its stake in Vodafone Concept to 48.99 p.c by changing a portion of the corporate’s spectrum dues into fairness. Regardless of this, the corporate continues to face vital monetary stress.
The corporate’s board had in Could authorised plans to boost Rs 200 billion by way of a mixture of fairness and debt. The present discussions goal to complement these efforts, with the mortgage course of anticipated to conclude inside a yr.
World banks are additionally anticipated to hitch the consortium, sources had been quoted as saying within the report, including that the fundraising drive can be concluded in a yr.
Additionally Learn: Communications Minister Guidelines Out AGR Aid, Says Vodafone Concept Should Stand on Its Personal
No Official Aid Communication But
In the meantime, in an trade clarification sought on Tuesday, June 24, Vodafone Concept mentioned that it had not obtained any official communication from the federal government concerning potential reduction on dues.
“That is with regards to the information article appeared in Mainstream Media on 24 June 2025, titled “Vodafone Concept shares bounce over 7 p.c on stories of Govt. contemplating reduction on Rs 84,000 crore dues” and the ensuing materials value motion within the Scrip of the Firm at present i.e. on 24 June 2025.”
“We’ve not obtained any communication from the Authorities in relation to the above-reported matter. As and when there may be any improvement which requires disclosure, we are going to do the needful,” Vodafone Concept clarified.
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