India's debt-laden Vodafone Idea to raise over $5b via equity and debt

India's debt-laden Vodafone Idea to raise over $5b via equity and debt

Photo: REUTERS/Danish Siddiqui

India’s Vodafone Idea said on Tuesday its board approved a fund raise of around 450 billion rupees ($5.43 billion) through equity and debt, which will help the debt-saddled telecom company expand its 4G network and rollout 5G services.