Vodafone Idea to raise funds via InvIT of its fibre assets, says report
Updated : May 09, 2019 09:00 AM IST
Last week, the telco informed the exchanges that it is planning to seek shareholder approval to transfer its optical fibre assets to Vodafone Towers, a wholly-owned subsidiary.
The telecom firm has already begun talks with pension funds and long-term investors for the proposed InvIT so that the firm can reduce its debt that stands upwards of Rs 1 lakh crore.
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