Vodafone Idea plans ₹45,000 crore capex for turnaround
after close1 source ↓written by the desknot a recommendation
- capital expenditure plan
- ₹45,000 crore
- capabilities and achieve
- 5G parity
- spent
- ₹18,000 crore
- in four
- ₹60,000 crore
Vodafone Idea Ltd (Vi) announced a ₹45,000 crore capital expenditure plan over the next three years to enhance network capabilities and achieve 5G parity. This investment follows ₹18,000 crore spent in the last six quarters, totaling over ₹60,000 crore in four and a half years. The company aims for double-digit revenue growth and a threefold increase in EBITDA during this period.
This strategic move is crucial as Vi transitions from survival mode to a focus on sustainable growth, potentially boosting investor confidence and market performance.
Not investment advice. For informational purposes only.