Vodafone Idea is accelerating efforts to secure a ₹35,000 crore debt package as the telecom operator pushes ahead with large-scale network expansion, customer retention initiatives and 4G-5G rollout plans.
During the company’s quarterly earnings call, Abhijit Kishore, Chief Executive Officer of Vodafone Idea, said the telecom operator is in advanced discussions with an SBI-led consortium comprising PSU banks, private lenders and foreign banks.
The proposed package includes a ₹25,000 crore funded facility and ₹10,000 crore non-funded arrangement. Kishore said the company remains “very confident” of closing the process quickly, although no formal timeline was disclosed.
Vodafone Idea plans to invest ₹45,000 crore over the next 3 years to strengthen network infrastructure and improve competitiveness against rivals Reliance Jio and Bharti Airtel.
The telecom operator plans to add 60,000-70,000 new 4G sites over the next 18 months while extending coverage to another 125 million people after already expanding reach to 125 million users during the past six quarters.
The company said circles including Maharashtra, Gujarat and Kerala have already shown improvement in customer retention and subscriber quality following higher network investments.
Vodafone Idea is also targeting lower churn levels. Current churn stands at 4.3%, with the company aiming for a reduction of 0.5-0.6% points as network quality improves.
Instead of focusing only on subscriber additions, the company said it now aims to improve the quality of customers acquired and increase monetisation through higher-value data plans and smartphone upgrades. Around 33% of Vi subscribers still use 2G devices.
Vodafone Idea’s board recently approved a ₹4,730 crore preferential warrant issue to Suryaja Investments Pte. Ltd. at ₹11 per share.
According to JM Financial, the promoter infusion could improve lender confidence and support approval for the pending debt raise.
The brokerage estimated that after full warrant conversion, Aditya Birla Group’s holding could rise to nearly 13%, while the Government of India’s stake may reduce to around 47.1%.
Vodafone Idea expects total cash outgo of nearly ₹1 lakh crore over the next 3 years, including capex, spectrum payments and debt servicing obligations.
The company projects cumulative cash EBITDA of around ₹60,000 crore during FY27-FY29 and additionally expects support from debt funding, promoter infusion, claim settlements and tax refunds.
Read More: Vodafone Idea Share Price in Focus as Aditya Birla Group Announces ₹4,730 Crore Investment!
As of 19 May 2026, at 10:41 AM, Vodafone Idea share price is trading at ₹13.20 per share, reflecting a surge of 2.64% from the previous closing price.
Vodafone Idea’s upcoming debt raise and network investment plans remain central to its strategy of improving operational stability, expanding coverage and strengthening its position in India’s competitive telecom market.
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Published on: May 19, 2026, 11:47 AM IST
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