During the quarter under review, the capital expenditure spend was ₹3,210 crore, taking the total for the nine months to ₹5,330 crore. For the full year, the capex has been pegged at around ₹10,000 crore to accelerate network rollout in the last quarter of the current fiscal.

“We are driving investments and the velocity of capex deployment is set to accelerate in the coming quarters. Concurrently, the phased rollout of 5G services is underway, targeting key geographies,” says Akshaya Moondra, CEO, Vodafone Idea.

He said that the telcom expects further improvement in both operational and financial performance with intensifying investments. “With the recent equity infusion of ₹1,910 crore from one of our promoters, we have now secured approximately ₹26,000 crore in fresh equity capital over the past 10 months. In parallel, we continue to engage with lenders for debt financing, aligning with our planned network expansion investment of ₹500–550 crore over a three-year period.”

The government’s decision on the bank guarantee waiver underscores its ongoing support for the telecom sector, he added.

Recently in January this year, Vi raised ₹1,910 crore by allotment of 170 crore equity shares at an issue price of ₹11.28 per share to Vodafone Group (promoter) entities on a preferential basis. Post this, the aggregate shareholding of the promoter group in VIL has increased from 37.3% to 38.8%. During last 10 months, Vi has raised equity of ₹26,000 crore, including ₹18,000 crore from the largest FPO in India. This include promoters infusion of ₹4,000 crore and conversion/equity issuance to key vendors of ₹4,000 crore.

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