Vodafone Idea share announced a robust capital expenditure plan of Rs 50,000-55,000 cr over the next three years, aimed at bolstering its 4G and 5G network capacity and coverage.
In an investor presentation, the company said that it had already spent over Rs 2,000 cr on capital expenditure in the first half of FY25, resulting in a 14% increase in its 4G data capacity.
The 4G population coverage also grew significantly, adding 22 million new users during the period.
The ambitious capex plan has renewed investor confidence in the company’s ability to remain competitive in the telecom space, despite its financial challenges.
The fundraise, Birla said, enabled the company to kick start its capex cycle. Vodafone Idea has already announced the first phase of capex deals worth $3.6 billion with three global partners- Nokia, Ericsson and Samsung.
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