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Vodafone Idea (Vi) has dialled a host of lenders — State Bank of India, Punjab National Bank, HDFC Bank and IDFC First, among others — to line up loans aggregating upward of ₹7,000 crore.
Vodafone Idea (Vi) needs capital infusion, and not just conversion of the mobile phone operator’s interest on statutory dues into government equity, telecom minister Ashwini Vaishnaw said on Thursday “complex issue” was under discussion.
India’s largest telecommunication companies Reliance Jio and Bharti Airtel and digital payments major Paytm are opposing the Centre’s move to allow the transfer of personal data of Indians to ‘trusted geographies’.
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