Revenues for the operations remained largely stagnant y-o-y. In Q4FY24, Vi’s income stood at ₹10,606.8 crore whereas in Q4FY23 the telco reported ₹10,531.9 crore in revenues.
Earlier than reporting the outcomes, Vi raised practically ₹18,000 crore in its follow-on public provide, which was subscribed seven occasions. Talking of capex plans with these funds, Vi stated, “The above Fairness funding, debt funding together with non-fund based mostly amenities are to be utilised primarily in the direction of capex which is anticipated to be in vary of ₹500 to 550 billion over subsequent 3 years. The capex can be in the direction of increasing 4G inhabitants protection in 17 precedence circles, 5G launch in key cities /geographies and capability growth to handle the rising knowledge demand. We’ll proceed to work in the direction of enhancing our providers to supply seamless and world-class digital expertise to our shoppers.”
Fundraise
Vodafone Concept can be in dialogue with a consortium of banks to boost upto ₹25,000 crore and extra non-fund based mostly amenities of as much as ₹10,000 crore. The agency famous that put up the Telecom reforms bundle in September 2021, its financial institution publicity has decreased by ₹34,600 crore.
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Vodafone Concept’s complete subscriber base stood at 213 million, dropping two million subscribers on a quarter-on-quarter foundation. Vi’s common income per consumer (ARPU) was ₹146, largely steady.
Talking on operations Vi famous, “In step with our acknowledged technique, our investments are centered in the direction of our 17 precedence circles to increase our high-speed broadband community protection and capability by rolling out new 4G websites on the present areas, upgrading our core and transmission community in addition to by refarming 2G/3G spectrum to 4G, as these 17 circles accounts for about 98% of our revenues.”
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