Vi is prepared for a brand new chapter of development: Voda CEO to clients

After reaching a whole subscription on their follow-on public supply, Vodafone Concept CEO Akshay Moondra has written to clients, saying that the corporate is on a brand new development trajectory.

In a letter shared with Vi clients, Moondra stated, “I’m delighted to share some thrilling information with you: Vodafone Concept (Vi) has just lately achieved a major milestone. We raised capital by means of a profitable FPO in Apr’24, which has been the most important FPO within the nation and has been subscribed ~7 occasions. This success is a sworn statement to the belief and confidence that our traders have in model Vi.”

Vodafone Concept can be utilizing these funds to spend money on their 4G and 5G networks. Moondra knowledgeable clients, “Our upcoming investments will concentrate on each the enlargement of our 4G companies and the roll-out of 5G companies with the most recent know-how, thus making certain that we proceed to ship the service high quality that you simply count on. We’re prepared for a brand new chapter of development and innovation empowered by our state-of-the-art community, superior know-how, and unwavering dedication in the direction of buyer satisfaction.”

Vi can be putting in 26,000 towers over the interval of two years, utilizing fundraise from the FPO in addition to the issuance of additional debt from banks. Within the lead-up to the identical, Vi has been assembly monetary analysts within the interim interval between Might 2 and Might 10 to additional make their case.