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By Celestine Okorie
Vodafone Group has maintained its stance that it will not invest any fresh equity into Vodafone Idea .
“ Our position has not changed.Vodafone Group does not intend to put any new equity into Vodafone Idea,” said the UK headquartered telecom Group in an email statement to ET.
This comes on the back of the Indian telco’s announcement to raise funds of upto Rs 25,000 crore(US$3.4million) via a mix of debt and equity instruments in one or more tranches, which will be used to pay statutory dues and invest in network operations to take rivals.
https://telecom.economictimes.indiatimes.com
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