Vodafone Idea Eyeing To Refinance Rs 6,000 Debt
Telecom sector firm Vodafone Idea (Vi) is in talks with bondholders to refinance over Rs 6,000 crore of its debt. The debt is due in the next 4-6 months. Telecom firm's operational performance has been affected by intense competition, low tariffs, and a debt of Rs 1.9 trillion on its head. This leaves little surplus for a network upgrade. The plan is to raise Rs 25,000 crore from investors too have not fructified.Â